American Century Companies Inc. Reduces Stock Position in Fortune Brands Innovations, Inc. $FBIN

American Century Companies Inc. cut its holdings in Fortune Brands Innovations, Inc. (NYSE:FBIN) by 10.5% during the third quarter, Holdings Channel reports. The institutional investor owned 923,347 shares of the company’s stock after selling 108,442 shares during the period. American Century Companies Inc.’s holdings in Fortune Brands Innovations were worth $49,298,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Rafferty Asset Management LLC raised its position in shares of Fortune Brands Innovations by 118.3% during the 3rd quarter. Rafferty Asset Management LLC now owns 97,063 shares of the company’s stock worth $5,182,000 after acquiring an additional 52,598 shares in the last quarter. Handelsbanken Fonder AB increased its stake in Fortune Brands Innovations by 59.4% in the third quarter. Handelsbanken Fonder AB now owns 41,600 shares of the company’s stock valued at $2,221,000 after purchasing an additional 15,500 shares during the last quarter. Dana Investment Advisors Inc. increased its stake in Fortune Brands Innovations by 13.1% in the third quarter. Dana Investment Advisors Inc. now owns 50,785 shares of the company’s stock valued at $2,711,000 after purchasing an additional 5,898 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Fortune Brands Innovations by 69.1% during the third quarter. EverSource Wealth Advisors LLC now owns 891 shares of the company’s stock worth $48,000 after purchasing an additional 364 shares in the last quarter. Finally, Legacy Financial Advisors Inc. lifted its position in shares of Fortune Brands Innovations by 8.8% during the 3rd quarter. Legacy Financial Advisors Inc. now owns 7,950 shares of the company’s stock worth $424,000 after buying an additional 644 shares during the last quarter. 87.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on FBIN shares. Barclays downgraded shares of Fortune Brands Innovations from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $68.00 to $55.00 in a research report on Friday, February 13th. Royal Bank Of Canada reissued an “outperform” rating and issued a $61.00 price target on shares of Fortune Brands Innovations in a research report on Friday, February 13th. BMO Capital Markets dropped their price objective on Fortune Brands Innovations from $62.00 to $56.00 and set a “market perform” rating on the stock in a report on Tuesday, February 17th. Wolfe Research set a $64.00 target price on Fortune Brands Innovations in a research report on Friday, February 13th. Finally, UBS Group reissued a “buy” rating and issued a $70.00 target price on shares of Fortune Brands Innovations in a report on Friday, February 13th. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on 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 Down 5.2%

FBIN opened at $48.21 on Friday. 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, Inc. has a 12 month low of $44.04 and a 12 month high of $65.75. The stock has a market capitalization of $5.78 billion, a P/E ratio of 19.52, a P/E/G ratio of 2.16 and a beta of 1.41. The business has a 50 day simple moving average of $55.83 and a 200-day simple moving average of $53.82.

Fortune Brands Innovations (NYSE:FBIN) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.14). The company had revenue of $1.08 billion for the quarter, compared to analyst estimates 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 revenue was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.98 earnings per share. Fortune Brands Innovations has set its FY 2026 guidance at 3.350-3.650 EPS. On average, equities analysts anticipate that Fortune Brands Innovations, Inc. will post 4.24 earnings per share for the current fiscal year.

Fortune Brands Innovations Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Friday, February 20th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, February 20th. This is an increase from Fortune Brands Innovations’s previous quarterly dividend of $0.25. Fortune Brands Innovations’s dividend payout ratio is presently 42.11%.

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.