Fortune Brands Innovations (NYSE:FBIN) Reaches New 1-Year Low – Time to Sell?

Fortune Brands Innovations, Inc. (NYSE:FBIN) shares hit a new 52-week low during trading on Monday . The company traded as low as $43.71 and last traded at $44.41, with a volume of 825107 shares traded. The stock had previously closed at $45.68.

Analyst Ratings Changes

Several research firms have recently commented on FBIN. Barclays downgraded Fortune Brands Innovations from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $68.00 to $55.00 in a research note on Friday, February 13th. The Goldman Sachs Group reduced their target price on shares of Fortune Brands Innovations from $69.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. UBS Group restated a “buy” rating and set a $70.00 target price on shares of Fortune Brands Innovations in a research note on Friday, February 13th. Wolfe Research set a $64.00 price target on shares of Fortune Brands Innovations in a report on Friday, February 13th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $61.00 price target on shares of Fortune Brands Innovations in a report on Friday, February 13th. Four investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $60.00.

Fortune Brands Innovations Stock Performance

The stock has a market cap of $5.44 billion, a P/E ratio of 18.35, a price-to-earnings-growth ratio of 1.94 and a beta of 1.41. The company has a quick ratio of 0.89, a current ratio of 1.84 and a debt-to-equity ratio of 1.07. The business has a 50 day moving average price of $55.51 and a two-hundred day moving average price of $53.46.

Fortune Brands Innovations (NYSE:FBIN) last issued its earnings results 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 net margin of 6.70% and a return on equity of 18.54%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the business posted $0.98 EPS. The firm’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. On average, sell-side analysts forecast that Fortune Brands Innovations, Inc. will post 4.24 earnings per share for the current fiscal year.

Fortune Brands Innovations Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Friday, February 20th will be issued a dividend of $0.26 per share. This is an increase from Fortune Brands Innovations’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, February 20th. This represents a $1.04 dividend on an annualized basis and a yield of 2.3%. Fortune Brands Innovations’s payout ratio is 42.11%.

Hedge Funds Weigh In On Fortune Brands Innovations

Several hedge funds have recently modified their holdings of FBIN. Hilltop National Bank bought a new position in shares of Fortune Brands Innovations during the third quarter worth $26,000. Elevation Point Wealth Partners LLC bought a new stake in Fortune Brands Innovations in the 2nd quarter valued at $26,000. Danske Bank A S purchased a new stake in Fortune Brands Innovations in the 4th quarter worth $25,000. EverSource Wealth Advisors LLC lifted its stake in Fortune Brands Innovations by 158.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 527 shares of the company’s stock worth $27,000 after purchasing an additional 323 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted its holdings in shares of 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 valued at $28,000 after purchasing an additional 510 shares during the last quarter. Hedge funds and other institutional investors own 87.60% of the company’s stock.

Fortune Brands Innovations Company Profile

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.