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In its second-quarter 2026 investor letter, Harbor Mid Cap Value Fund highlighted Fortune Brands Innovations, Inc. (NYSE:FBIN) as a new addition. Headquartered in Deerfield, Illinois, Fortune Brands Innovations, Inc. (NYSE:FBIN) is a leading provider of home, security, and outdoor products for repair, remodeling, new construction, and security applications. On September 08, 2026, Fortune Brands Innovations, Inc. (NYSE:FBIN). closed at $42.19 per share. Over the past month, Fortune Brands Innovations, Inc. (NYSE:FBIN) declined 13.67%, while its shares are down 28.16% in the last 52 weeks. Fortune Brands Innovations, Inc. (NYSE:FBIN) has a market capitalization of $5.15 billion, and its stock has traded within a 52-week range of $32.34 to $64.84.
Harbor Mid Cap Value Fund stated the following regarding Fortune Brands Innovations, Inc. (NYSE:FBIN) in its Q2 2026 investor letter:
"We initiated a position in Fortune Brands Innovations, Inc. (NYSE:FBIN), a manufacturer of home and security products in the Industrials sector. The company ranks high on many cash flow measures, particularly on free cash flow indicators and pays a dividend of just over 2%, which is near median in the universe. Past performance has been relatively weak, which is a positive indicator in our model, and recent price momentum has been improving, particularly over the past three months. Several indicators of operating momentum are also attractive, particularly increases in gross margins. We have an underweight to Industrials, and with the stock ranking high, the company was an attractive addition to the Fund."
Fortune Brands Innovations, Inc. (NYSE:FBIN) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. According to our database, 48 hedge fund portfolios held Fortune Brands Innovations, Inc. (NYSE:FBIN) at the end of the second quarter, compared to 43 in the previous quarter. While we acknowledge the potential of Fortune Brands Innovations, Inc. (NYSE:FBIN) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.