Victory Capital Management Inc. Boosts Holdings in Fortune Brands Innovations, Inc. $FBIN

Victory Capital Management Inc. increased its stake in shares of Fortune Brands Innovations, Inc. (NYSE:FBIN) by 169.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 840,303 shares of the company’s stock after purchasing an additional 528,237 shares during the quarter. Victory Capital Management Inc.’s holdings in Fortune Brands Innovations were worth $44,864,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FBIN. Bank of New York Mellon Corp lifted its holdings in shares of Fortune Brands Innovations by 147.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,691,827 shares of the company’s stock valued at $143,717,000 after purchasing an additional 1,605,453 shares during the last quarter. Qube Research & Technologies Ltd purchased a new position in Fortune Brands Innovations during the 2nd quarter worth approximately $87,611,000. Norges Bank purchased a new position in Fortune Brands Innovations during the 2nd quarter worth approximately $78,395,000. Balyasny Asset Management L.P. acquired a new position in Fortune Brands Innovations during the second quarter worth approximately $77,441,000. Finally, Federated Hermes Inc. increased its position in Fortune Brands Innovations by 56.0% during the third quarter. Federated Hermes Inc. now owns 1,317,373 shares of the company’s stock worth $70,335,000 after buying an additional 473,031 shares during the period. 87.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Fortune Brands Innovations in a report on Monday, December 29th. The Goldman Sachs Group cut their target price on shares of Fortune Brands Innovations from $69.00 to $61.00 and set a “buy” rating on the stock in a report on Tuesday, February 17th. UBS Group reiterated a “buy” rating and issued a $70.00 price target on shares of Fortune Brands Innovations in a research report on Friday, February 13th. Barclays downgraded shares of Fortune Brands Innovations from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $68.00 to $55.00 in a research report on Friday, February 13th. Finally, Zacks Research lowered shares of Fortune Brands Innovations from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 19th. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $60.00.

Fortune Brands Innovations Price Performance

Fortune Brands Innovations stock opened at $45.73 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. The business has a 50 day simple moving average of $55.72 and a 200-day simple moving average of $53.69. 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 $5.49 billion, a PE ratio of 18.51, a price-to-earnings-growth ratio of 1.94 and a beta of 1.41.

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 analysts’ consensus estimates of $1.00 by ($0.14). The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Fortune Brands Innovations had a net margin of 6.70% and a return on equity of 18.54%. The business’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter last year, the business earned $0.98 earnings per share. Fortune Brands Innovations has set its FY 2026 guidance at 3.350-3.650 EPS. Equities analysts predict that Fortune Brands Innovations, Inc. will post 4.24 earnings per share for the current year.

Fortune Brands Innovations Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Investors 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. This represents a $1.04 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, February 20th. Fortune Brands Innovations’s dividend payout ratio is currently 42.11%.

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.