Fortune Brands Innovations (FBIN)

• Market cap: $9.26B
• 1 day: 0.07%
• 5 days: 8.28%
• 1 month: 1.04%
• 3 months: -16.09%
• 6 months: 0.87%
• Year to date: 10.33%
• 1 year: -2.25%
• 5 years: 7.43%
• 10 years: 68.60%
• Sector: Materials
• Industry: Millwork, Veneer, Plywood, & Structural Wood

About: Fortune Brands Innovations is a leading home and security products company that has three reportable segments. The company's $2.6 billion water segment, led by the Moen brand, sells faucets, showers, and other plumbing fixtures; the $1.3 billion outdoors segment primarily sells entry doors under the Therma-Tru brand name and Fiberon-branded patio decking; and the $723 million security segment sells locks and other security devices under the Master Lock, SentrySafe, Yale, and August brand names.

Employees: 11,700

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

200% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 3 (+2) [Q3]

32% more capital invested

Capital invested by funds: $7.74B [Q2] → $10.3B (+$2.52B) [Q3]

30% more first-time investments, than exits

New positions opened: 100 | Existing positions closed: 77

3% more funds holding

Funds holding: 605 [Q2] → 622 (+17) [Q3]

2.92% less ownership

Funds ownership: 95.34% [Q2] → 92.42% (-2.92%) [Q3]

27% less repeat investments, than reductions

Existing positions increased: 163 | Existing positions reduced: 223

47% less call options, than puts

Call options by funds: $4.64M | Put options by funds: $8.75M

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $78 5% upside
• Avg. target: $90 20% upside
• High target: $97 30% upside

7 analyst ratings

• positive: 4 57%
• neutral: 3 43%
• negative: 0 0%

Barclays Matthew Bouley 44% 1-year accuracy 30 / 68 met price target	22% upside $91	Overweight Maintained	16 Jan 2025
Goldman Sachs Susan Maklari 43% 1-year accuracy 13 / 30 met price target	14% upside $85	Buy Maintained	14 Jan 2025
Baird Timothy Wojs 49% 1-year accuracy 22 / 45 met price target	21% upside $90	Neutral Maintained	7 Nov 2024
UBS John Lovallo 52% 1-year accuracy 13 / 25 met price target	30% upside $97	Buy Maintained	7 Nov 2024
Truist Securities Keith Hughes 60% 1-year accuracy 31 / 52 met price target	23% upside $92	Buy Maintained	7 Nov 2024