Added to YB: 2024-03-13
Pitch date: 2023-12-31
FBIN [bullish]
Fortune Brands Innovations, Inc.
-28.32%
current return
Author Info
No bio for this author
Company Info
Fortune Brands Innovations, Inc. engages in the provision of home and security products for residential home repair, remodeling, new construction, and security applications in the United States and internationally.
Market Cap
$5.8B
Pitch Price
$72.85
Price Target
N/A
Dividend
2.08%
EV/EBITDA
8.83
P/E
17.96
EV/Sales
1.87
Sector
Building Products
Category
value
Diamond Hill Capital Mid Cap Strategy New Position: Fortune Brands Innovations, Inc.
FBIN: Initiated position in Fortune Brands Innovations, leading in plumbing, doors, decking, locks & safes. Stock down on dropping home sales, but R&R spending can grow; 1978-82 precedent. Positive long-term from underinvestment and demographics. Strong brands with market tailwinds.
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