Bank of America Has Lowered Expectations for Fortune Brands Innovations (NYSE:FBIN) Stock Price

Fortune Brands Innovations (NYSE:FBIN) had its price target lowered by equities research analysts at Bank of America from $52.00 to $42.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an “underperform” rating on the stock. Bank of America‘s price target suggests a potential upside of 3.88% from the company’s previous close.

Several other equities research analysts have also recently weighed in on FBIN. Zacks Research cut shares of Fortune Brands Innovations from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 19th. UBS Group reiterated a “buy” rating and set a $70.00 price objective on shares of Fortune Brands Innovations in a research report on Friday, February 13th. BMO Capital Markets decreased their price objective on shares of Fortune Brands Innovations from $62.00 to $56.00 and set a “market perform” rating for the company in a research report on Tuesday, February 17th. Royal Bank Of Canada reiterated an “outperform” rating and set a $61.00 price objective on shares of Fortune Brands Innovations in a research report on Friday, February 13th. Finally, Robert W. Baird set a $55.00 price objective on shares of Fortune Brands Innovations in a research report on Friday, February 13th. Four analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $56.67.

Fortune Brands Innovations Stock Performance

FBIN opened at $40.43 on Monday. Fortune Brands Innovations has a twelve month low of $36.07 and a twelve month high of $64.84. 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 company has a fifty day moving average of $46.01 and a 200-day moving average of $50.05. The stock has a market cap of $4.85 billion, a PE ratio of 16.37, a price-to-earnings-growth ratio of 1.72 and a beta of 1.49.

Fortune Brands Innovations (NYSE:FBIN) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.86 earnings per share 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 analyst estimates of $1.14 billion. During the same quarter last year, the company earned $0.98 earnings per share. The company’s quarterly revenue 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 predict that Fortune Brands Innovations will post 4.24 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Aquatic Capital Management LLC boosted its stake in Fortune Brands Innovations by 75.5% during the third quarter. Aquatic Capital Management LLC now owns 95,042 shares of the company’s stock worth $5,074,000 after acquiring an additional 40,898 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Fortune Brands Innovations by 169.3% in the third quarter. Victory Capital Management Inc. now owns 840,303 shares of the company’s stock valued at $44,864,000 after buying an additional 528,237 shares in the last quarter. Rafferty Asset Management LLC lifted its stake in shares of Fortune Brands Innovations by 118.3% in the third quarter. Rafferty Asset Management LLC now owns 97,063 shares of the company’s stock valued at $5,182,000 after buying an additional 52,598 shares in the last quarter. Thematics Asset Management bought a new position in shares of Fortune Brands Innovations in the third quarter valued at $12,287,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Fortune Brands Innovations by 10.5% in the third quarter. Dimensional Fund Advisors LP now owns 3,251,082 shares of the company’s stock valued at $173,572,000 after buying an additional 309,300 shares in the last quarter. 87.60% of the stock is 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.