Fortune Brands Innovations (NYSE:FBIN) Rating Lowered to “Strong Sell” at Zacks Research

Fortune Brands Innovations (NYSE:FBIN) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Thursday,Zacks.com reports.

Several other research analysts have also commented on FBIN. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $61.00 price target on shares of Fortune Brands Innovations in a research report on Friday, February 13th. UBS Group restated a “buy” rating and set a $70.00 target price on shares of Fortune Brands Innovations in a research report on Friday, February 13th. Zelman & Associates cut shares of Fortune Brands Innovations from an “outperform” rating to a “neutral” rating in a report on Friday, February 13th. Wolfe Research set a $64.00 price target on shares of Fortune Brands Innovations in a research note on Friday, February 13th. Finally, BMO Capital Markets lowered their price objective on shares of Fortune Brands Innovations from $62.00 to $56.00 and set a “market perform” rating on the stock in a research report on Tuesday. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $60.00.

Fortune Brands Innovations Price Performance

Shares of NYSE:FBIN opened at $54.35 on Thursday. Fortune Brands Innovations has a 12 month low of $44.04 and a 12 month high of $67.43. The firm has a market capitalization of $6.53 billion, a P/E ratio of 22.00, a P/E/G ratio of 3.32 and a beta of 1.41. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.84 and a quick ratio of 0.89. The company’s fifty day moving average price is $55.52 and its 200 day moving average price is $54.09.

Fortune Brands Innovations (NYSE:FBIN) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.14). Fortune Brands Innovations had a return on equity of 18.54% and a net margin of 6.70%.The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the business posted $0.98 EPS. The business’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, sell-side analysts predict that Fortune Brands Innovations will post 4.24 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fortune Brands Innovations

A number of large investors have recently bought and sold shares of the company. Hilltop National Bank purchased a new stake in shares of Fortune Brands Innovations in the third quarter valued at about $26,000. Elevation Point Wealth Partners LLC acquired a new stake in Fortune Brands Innovations in the second quarter valued at about $26,000. Danske Bank A S purchased a new stake in Fortune Brands Innovations in the 4th quarter valued at approximately $25,000. EverSource Wealth Advisors LLC boosted its holdings in Fortune Brands Innovations by 158.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 527 shares of the company’s stock valued at $27,000 after purchasing an additional 323 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC increased its position in Fortune Brands Innovations by 1,275.0% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 550 shares of the company’s stock worth $28,000 after purchasing an additional 510 shares during the period. Hedge funds and other institutional investors 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.