Fortune Brands Innovations, Inc. (NYSE:FBIN) Stock Has Consensus Price Target of $54.64

Shares of Fortune Brands Innovations, Inc. (NYSE:FBIN) have earned an average recommendation of “Hold” from the seventeen ratings firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $54.64.

A number of equities research analysts have recently weighed in on FBIN shares. Wells Fargo & Company dropped their price target on shares of Fortune Brands Innovations from $52.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, September 11th. Royal Bank Of Canada raised their price objective on Fortune Brands Innovations from $50.00 to $57.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Evercore set a $45.00 price objective on Fortune Brands Innovations in a report on Friday, September 25th. Barclays cut their target price on Fortune Brands Innovations from $56.00 to $54.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 5th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $68.00 target price on shares of Fortune Brands Innovations in a report on Wednesday, August 5th.

Insider Buying and Selling

In other news, CEO Jesse Singh bought 19,725 shares of the firm’s stock in a transaction on Thursday, August 6th. The shares were purchased at an average cost of $51.66 per share, with a total value of $1,018,993.50. Following the acquisition, the chief executive officer directly owned 19,725 shares in the company, valued at $1,018,993.50. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.32% of the stock is currently owned by corporate insiders.

Institutional Trading of Fortune Brands Innovations

Several large investors have recently made changes to their positions in FBIN. Cassaday & Co Wealth Management LLC acquired a new position in Fortune Brands Innovations during the first quarter valued at approximately $30,000. EFG International AG acquired a new stake in shares of Fortune Brands Innovations in the 2nd quarter valued at $32,000. Community Bank N.A. increased its stake in shares of Fortune Brands Innovations by 59.4% in the 2nd quarter. Community Bank N.A. now owns 765 shares of the company’s stock valued at $42,000 after purchasing an additional 285 shares during the last quarter. Twin Tree Management LP bought a new position in shares of Fortune Brands Innovations in the 2nd quarter valued at $47,000. Finally, Parallel Advisors LLC raised its holdings in shares of Fortune Brands Innovations by 31.8% during the 1st quarter. Parallel Advisors LLC now owns 1,247 shares of the company’s stock worth $49,000 after buying an additional 301 shares in the last quarter. Institutional investors and hedge funds own 87.60% of the company’s stock.

Fortune Brands Innovations Trading Up 0.3%

Shares of Fortune Brands Innovations stock opened at $38.63 on Tuesday. The firm has a 50-day moving average of $44.36 and a 200-day moving average of $42.93. The stock has a market cap of $4.61 billion, a PE ratio of 31.41, a PEG ratio of 1.71 and a beta of 1.31. Fortune Brands Innovations has a 52-week low of $32.34 and a 52-week high of $64.84. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.05 and a current ratio of 2.01.

Fortune Brands Innovations (NYSE:FBIN) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.55. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.16 billion. Fortune Brands Innovations had a net margin of 3.39% and a return on equity of 19.50%. Fortune Brands Innovations’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period last year, the firm earned $1.00 earnings per share. Fortune Brands Innovations has set its FY 2026 guidance at 3.220-3.520 EPS. As a group, sell-side analysts forecast that Fortune Brands Innovations will post 3.33 EPS for the current year.

Fortune Brands Innovations Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 9th. Shareholders of record on Friday, November 20th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, November 20th. Fortune Brands Innovations’s dividend payout ratio is presently 84.55%.

About Fortune Brands Innovations

Fortune Brands Innovations, Inc is a manufacturer and marketer of products used in residential construction, renovation and outdoor living. The company operates a portfolio of brands focused on water, doors, outdoor living and home security products.

Its water-related products include faucets, showers and other plumbing fixtures marketed under brands such as Moen, House of Rohl, ROHL, Perrin & Rowe and Aqualisa. Its doors and outdoor living businesses offer entry doors, storm and screen doors, decking, railing, fencing and related building products through brands including Therma-Tru, Larson, Fiberon and Fypon.