Fortune Brands Innovations (FBIN)

• Market cap: $8.65B
• 1 day: 1.62%
• 5 days: -8.01%
• 1 month: -6.98%
• 3 months: -19.52%
• 6 months: 3.02%
• Year to date: -7.72%
• 1 year: -9.75%
• 5 years: 6.69%
• 10 years: 54.55%
• 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]

33% more capital invested

Capital invested by funds: $7.4B [Q2] → $9.87B (+$2.46B) [Q3]

19% more first-time investments, than exits

New positions opened: 99 | Existing positions closed: 83

3% more funds holding

Funds holding: 605 [Q2] → 621 (+16) [Q3]

2.26% less ownership

Funds ownership: 91.18% [Q2] → 88.92% (-2.26%) [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

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

• Low target: $78 12% upside
• Avg. target: $95 37% upside
• High target: $111 59% upside

8 analyst ratings

• positive: 5 63%
• neutral: 3 38%
• negative: 0 0%

Baird Timothy Wojs 54% 1-year accuracy 25 / 46 met price target	29% upside $90	Neutral Maintained	7 Nov 2024
UBS John Lovallo 37% 1-year accuracy 7 / 19 met price target	39% upside $97	Buy Maintained	7 Nov 2024
Truist Securities Keith Hughes 61% 1-year accuracy 31 / 51 met price target	32% upside $92	Buy Maintained	7 Nov 2024
Evercore ISI Group Stephen Kim 12% 1-year accuracy 3 / 25 met price target	12% upside $78	In-Line Maintained	7 Nov 2024
BMO Capital Ketan Mamtora 43% 1-year accuracy 3 / 7 met price target	36% upside $95	Market Perform Maintained	22 Oct 2024