Fortune Brands Innovations (NYSE:FBIN) Cut to Equal Weight at Barclays

Fortune Brands Innovations (NYSE:FBIN) was downgraded by equities research analysts at Barclays from an “overweight” rating to an “equal weight” rating in a research note issued on Friday, MarketBeat Ratings reports. They presently have a $55.00 price objective on the stock. Barclays‘s target price indicates a potential downside of 11.76% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Vertical Research assumed coverage on Fortune Brands Innovations in a research note on Tuesday, October 21st. They issued a “hold” rating and a $52.00 price target for the company. Zelman & Associates downgraded shares of Fortune Brands Innovations to a “neutral” rating in a report on Friday. Evercore reissued an “outperform” rating on shares of Fortune Brands Innovations in a research note on Friday, October 31st. Weiss Ratings restated a “hold (c-)” rating on shares of Fortune Brands Innovations in a research report on Monday, December 29th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $62.00 price objective on shares of Fortune Brands Innovations in a report on Friday, January 9th. Three research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $60.89.

Fortune Brands Innovations Stock Down 1.2%

Fortune Brands Innovations stock opened at $62.33 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.94 and a current ratio of 1.95. The company has a 50-day simple moving average of $55.25 and a 200-day simple moving average of $54.21. The firm has a market capitalization of $7.49 billion, a P/E ratio of 23.26, a P/E/G ratio of 5.33 and a beta of 1.41. Fortune Brands Innovations has a one year low of $44.04 and a one year high of $70.05.

Fortune Brands Innovations (NYSE:FBIN) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.14). Fortune Brands Innovations had a net margin of 7.30% and a return on equity of 19.28%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the business posted $0.98 EPS. Fortune Brands Innovations’s revenue for the quarter was down 2.4% compared to the same quarter last year. Fortune Brands Innovations has set its FY 2026 guidance at 3.350-3.650 EPS. As a group, equities analysts expect that Fortune Brands Innovations will post 4.24 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FBIN. Royal Bank of Canada increased its stake in Fortune Brands Innovations by 0.8% in the 1st quarter. Royal Bank of Canada now owns 41,713 shares of the company’s stock worth $2,539,000 after purchasing an additional 324 shares in the last quarter. Empowered Funds LLC lifted its stake in Fortune Brands Innovations by 20.5% in the first quarter. Empowered Funds LLC now owns 10,335 shares of the company’s stock valued at $629,000 after acquiring an additional 1,761 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Fortune Brands Innovations by 83.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 852 shares of the company’s stock valued at $52,000 after purchasing an additional 388 shares during the last quarter. Stephens Inc. AR boosted its stake in shares of Fortune Brands Innovations by 6.5% during the 2nd quarter. Stephens Inc. AR now owns 4,530 shares of the company’s stock worth $233,000 after acquiring an additional 275 shares in the last quarter. Finally, Forum Financial Management LP boosted its position in Fortune Brands Innovations by 41.4% during the second quarter. Forum Financial Management LP now owns 4,672 shares of the company’s stock worth $241,000 after purchasing an additional 1,369 shares during the period. Institutional investors and hedge funds own 87.60% of the company’s stock.

About Fortune Brands Innovations

Fortune Brands Innovations (NYSE: FBIN), formerly known as Fortune Brands Home & Security, is a global leader in water innovations, specializing in the design, manufacturing and marketing of plumbing fixtures, fittings and related products. Headquartered in Deerfield, Illinois, the company leverages two iconic brands—Moen and House of Rohl—to deliver high-quality kitchen and bathroom solutions across residential and commercial markets. With a focus on performance, reliability and aesthetic design, FBIN’s portfolio spans faucets, showerheads, accessories and water filtration systems.

The company’s products are sold through a diversified network of retail partners, wholesale distributors and online channels across North America, Europe, Asia-Pacific and Latin America.