Free Trial
NYSE:FBIN

Fortune Brands Innovations (FBIN) Stock Price, News & Analysis

Fortune Brands Innovations logo
$69.67 +1.11 (+1.62%)
(As of 12/20/2024 05:31 PM ET)

About Fortune Brands Innovations Stock (NYSE:FBIN)

Key Stats

Today's Range
$68.07
$70.14
50-Day Range
$68.56
$90.03
52-Week Range
$62.54
$90.54
Volume
2.45 million shs
Average Volume
1.19 million shs
Market Capitalization
$8.65 billion
P/E Ratio
19.63
Dividend Yield
1.44%
Price Target
$91.36
Consensus Rating
Hold

Company Overview

Fortune Brands Innovations, Inc. provides home and security products for residential home repair, remodeling, new construction, and security applications in the United States and internationally. The company operates through three segments: Water, Outdoors, and Security. The Water segment manufactures or assembles, and sells faucets, accessories, kitchen sinks, and waste disposals under the Moen, ROHL, Riobel, Victoria+Albert, Perrin & Rowe, Aqualisa, Shaws, Emtek, and Schaub brands. The Outdoors segment manufactures and sells fiberglass and steel entry door systems under the Therma-Tru brand; storm, screen, and security doors under the Larson brand; composite decking, railing, and cladding under the Fiberon brand; and urethane millwork under the Fypon brand. The Security segment manufactures, sources, and distributes locks, safety and security devices, and electronic security products under the Master Lock, American Lock, Yale, and August brands; and fire-resistant safes, security containers, and commercial cabinets under the SentrySafe brand. The company sells its products through various sales channels, including kitchen and bath dealers, wholesalers oriented toward builders or professional remodelers, industrial and locksmith distributors, do-it-yourself remodeling-oriented home centers, showrooms, e-commerce, and other retail outlets. Fortune Brands Innovations, Inc. was incorporated in 1988 and is headquartered in Deerfield, Illinois.

Fortune Brands Innovations Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
91st Percentile Overall Score

FBIN MarketRank™: 

Fortune Brands Innovations scored higher than 91% of companies evaluated by MarketBeat, and ranked 40th out of 219 stocks in the retail/wholesale sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Fortune Brands Innovations has received a consensus rating of Hold. The company's average rating score is 2.42, and is based on 5 buy ratings, 7 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Fortune Brands Innovations has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Fortune Brands Innovations' stock forecast and price target.
  • Earnings Growth

    Earnings for Fortune Brands Innovations are expected to grow by 8.11% in the coming year, from $4.19 to $4.53 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Fortune Brands Innovations is 19.63, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.29.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Fortune Brands Innovations is 19.63, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 108.79.

  • Price to Earnings Growth Ratio

    Fortune Brands Innovations has a PEG Ratio of 2.51. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Fortune Brands Innovations has a P/B Ratio of 3.83. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    2.05% of the float of Fortune Brands Innovations has been sold short.
  • Short Interest Ratio / Days to Cover

    Fortune Brands Innovations has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Fortune Brands Innovations has recently increased by 4.98%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Fortune Brands Innovations pays a meaningful dividend of 1.28%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Fortune Brands Innovations does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Fortune Brands Innovations is 28.17%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Fortune Brands Innovations will have a dividend payout ratio of 22.08% next year. This indicates that Fortune Brands Innovations will be able to sustain or increase its dividend.

  • Read more about Fortune Brands Innovations' dividend.
  • Percentage of Shares Shorted

    2.05% of the float of Fortune Brands Innovations has been sold short.
  • Short Interest Ratio / Days to Cover

    Fortune Brands Innovations has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Fortune Brands Innovations has recently increased by 4.98%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Fortune Brands Innovations has a news sentiment score of 1.11. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.70 average news sentiment score of Retail/Wholesale companies.
  • News Coverage This Week

    MarketBeat has tracked 6 news articles for Fortune Brands Innovations this week, compared to 6 articles on an average week.
  • Search Interest

    2 people have searched for FBIN on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
  • MarketBeat Follows

    7 people have added Fortune Brands Innovations to their MarketBeat watchlist in the last 30 days. This is an increase of 600% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Fortune Brands Innovations insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 1.20% of the stock of Fortune Brands Innovations is held by insiders.

  • Percentage Held by Institutions

    87.60% of the stock of Fortune Brands Innovations is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Fortune Brands Innovations' insider trading history.
Receive FBIN Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Fortune Brands Innovations and its competitors with MarketBeat's FREE daily newsletter.

FBIN Stock News Headlines

Fortune Brands Innovations, Inc (FBIN) Stock Forecasts
AI breakthrough about to upend industry
Everyone is talking about AI right now. The talk has been endless ever since ChatGPT was released to the market in late 2022. You might think it’s way too late to invest in AI. But here’s the thing.
Fortune Brands Innovations boosts dividend to 25c per share
See More Headlines

FBIN Stock Analysis - Frequently Asked Questions

Fortune Brands Innovations' stock was trading at $76.14 on January 1st, 2024. Since then, FBIN stock has decreased by 8.5% and is now trading at $69.67.
View the best growth stocks for 2024 here
.

Fortune Brands Innovations, Inc. (NYSE:FBIN) announced its earnings results on Wednesday, November, 6th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.01. The business's revenue for the quarter was down 8.4% on a year-over-year basis.

Top institutional shareholders of Fortune Brands Innovations include FMR LLC (4.77%), State Street Corp (3.50%), Holocene Advisors LP (2.24%) and Geode Capital Management LLC (1.72%).
View institutional ownership trends
.

Shares of FBIN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Fortune Brands Innovations investors own include Meta Platforms (META), NVIDIA (NVDA), Broadcom (AVGO), Advanced Micro Devices (AMD), Tesla (TSLA), Visa (V) and Palo Alto Networks (PANW).

Company Calendar

Last Earnings
11/06/2024
Ex-Dividend for 12/11 Dividend
11/22/2024
Dividend Payable
12/11/2024
Today
12/21/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Millwork, veneer, plywood, & structural wood members
Sub-Industry
Construction Materials
Employees
11,700
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$91.36
High Stock Price Target
$111.00
Low Stock Price Target
$78.00
Potential Upside/Downside
+31.1%
Consensus Rating
Hold
Rating Score (0-4)
2.42
Research Coverage
12 Analysts

Profitability

Net Income
$404.50 million
Pretax Margin
12.35%

Debt

Sales & Book Value

Annual Sales
$4.67 billion
Cash Flow
$4.74 per share
Book Value
$18.19 per share

Miscellaneous

Free Float
122,735,000
Market Cap
$8.65 billion
Optionable
Optionable
Beta
1.47
The Best High-Yield Dividend Stocks for 2024 Cover

Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.

Get This Free Report

This page (NYSE:FBIN) was last updated on 12/21/2024 by MarketBeat.com Staff
From Our Partners