BMO Capital Markets Issues Pessimistic Forecast for Fortune Brands Innovations (NYSE:FBIN) Stock Price

Fortune Brands Innovations (NYSE:FBIN) had its price target dropped by BMO Capital Markets from $62.00 to $56.00 in a note issued to investors on Tuesday, MarketBeat reports. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 4.07% from the stock’s previous close.

FBIN has been the subject of several other reports. Vertical Research initiated coverage on shares of Fortune Brands Innovations in a research report on Tuesday, October 21st. They issued a “hold” rating and a $52.00 target price for the company. Robert W. Baird set a $55.00 price target on Fortune Brands Innovations in a research note on Friday, February 13th. Barclays cut Fortune Brands Innovations from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $68.00 to $55.00 in a report on Friday, February 13th. UBS Group reaffirmed a “buy” rating and issued a $70.00 target price on shares of Fortune Brands Innovations in a research note on Friday, February 13th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Fortune Brands Innovations in a research report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $60.00.

Fortune Brands Innovations Stock Up 2.4%

Shares of NYSE:FBIN opened at $53.81 on Tuesday. The firm has a fifty day moving average price of $55.44 and a two-hundred day moving average price of $54.11. The company has a market cap of $6.46 billion, a price-to-earnings ratio of 21.79, a PEG ratio of 3.13 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. Fortune Brands Innovations has a one year low of $44.04 and a one year high of $67.99.

Fortune Brands Innovations (NYSE:FBIN) last posted 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). The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.14 billion. Fortune Brands Innovations had a net margin of 6.70% and a return on equity of 18.54%. Fortune Brands Innovations’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.98 EPS. Fortune Brands Innovations has set its FY 2026 guidance at 3.350-3.650 EPS. Analysts anticipate that Fortune Brands Innovations will post 4.24 EPS for the current fiscal year.

Hedge Funds Weigh In On Fortune Brands Innovations

A number of hedge funds and other institutional investors have recently modified their holdings of FBIN. First Trust Advisors LP increased its holdings in Fortune Brands Innovations by 9.1% in the 2nd quarter. First Trust Advisors LP now owns 1,165,342 shares of the company’s stock valued at $59,992,000 after purchasing an additional 97,662 shares during the last quarter. CX Institutional boosted its position in shares of Fortune Brands Innovations by 22,269.6% during the third quarter. CX Institutional now owns 108,269 shares of the company’s stock worth $5,780,000 after buying an additional 107,785 shares during the period. Keeler Thomas Management LLC acquired a new stake in shares of Fortune Brands Innovations in the second quarter valued at $920,000. Teacher Retirement System of Texas raised its holdings in shares of Fortune Brands Innovations by 63.0% in the 2nd quarter. Teacher Retirement System of Texas now owns 29,593 shares of the company’s stock valued at $1,523,000 after buying an additional 11,433 shares during the period. Finally, Caxton Associates LLP acquired a new position in Fortune Brands Innovations during the 2nd quarter worth about $2,717,000. 87.60% of the stock is currently owned by institutional investors.

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.