Fortune Brands Innovations Appoints Jesse Singh as CEO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 29 2026
0mins
Fortune Brands Innovations announced that its Board of Directors has unanimously appointed Jesse Singh as Chief Executive Officer and to the Board of Directors. Singh will start as CEO and join the Board effective today, June 29, 2026. Most recently, Singh was CEO of The AZEK Company from 2016 to 2025
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Analyst Views on FBIN
Wall Street analysts forecast FBIN stock price to rise
10 Analyst Rating
4 Buy
5 Hold
1 Sell
Moderate Buy
Current: 51.580
Low
50.00
Averages
62.63
High
79.00
Current: 51.580
Low
50.00
Averages
62.63
High
79.00
About FBIN
Fortune Brands Innovations, Inc. is focused on the home products, security and commercial building markets. The Company's segments include Water, Outdoors and Security. The Water segment manufactures or assembles and sells faucets, accessories, kitchen sinks and waste disposals. The Outdoors segment manufactures and sells fiberglass and steel entry door systems; storm, screen and security doors; composite decking, railing and cladding; urethane millwork, and wide-opening exterior door systems and outdoor enclosures. This segment sells products principally in the United States and Canada. The Security segment’s products consist of locks, safety and security devices, connected and mechanical lock out tag out solutions and electronic security products, and fire resistant safes, security containers and commercial cabinets. Its portfolio of brands includes Moen, House of Rohl, Aqualisa, SpringWell, Therma-Tru, Larson, Fiberon, Master Lock, SentrySafe and Yale residential.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Fortune Brands Innovations Shares Rise 2% Following Upgrade by Truist Securities
- Stock Price Increase: Shares of Fortune Brands Innovations (FBIN) rose approximately 2% in premarket trading on Tuesday, reflecting a positive market response to Truist Securities upgrading its rating from Hold to Buy and raising the price target from $45 to $70, indicating a potential 37.3% upside from the last close of $50.97.
- New CEO Appointment: Truist highlighted that the appointment of new CEO Jesse Singh is seen as pivotal for the company's turnaround, with Singh's experience at AZEK demonstrating the potential to enhance FBIN's core businesses (Moen and Therma-Tru) and improve capital allocation, thereby boosting market confidence in the company's future.
- Strategic Action Expectations: Truist anticipates that Singh will implement strategic actions on approximately two-thirds of EBITDA, which may include improvements or divestitures, particularly reviewing assets like Larson and parts of the security business, indicating a commitment to optimizing the asset portfolio.
- Market Focus Shift: Analysts believe that Fiberon is expected to be sold “shortly” following the company's strategic review, while emphasizing that a renewed focus on marketing and product introduction for the Moen brand could significantly alter the pace of business growth, enhancing the company's competitive position in the market.
See More
Major Rating Updates on Wall Street
- Netflix Advertising Opportunity: Loop reiterates Netflix as a buy, noting that the advertising business contributed about 240bps of growth last year and is expected to grow significantly, highlighting the company's potential in the advertising market.
- Nvidia Earnings Upgrade: CLSA raises Nvidia's price target from $300 to $360, with earnings estimates for FY27-29 increased by 21%-53%, reflecting growing confidence in a longer upcycle for the computing industry.
- Block Rating Upgrade: Piper Sandler upgrades Block from underweight to overweight with a $100 price target, citing margin upside, which indicates a positive outlook for the company's future growth.
- Comcast Value Unlocking: Deutsche Bank upgrades Comcast from hold to buy, stating that the recent spin-off will unlock value, demonstrating positive changes in the company's capital structure.
See More
Fortune Brands Innovations Appoints New CEO Jesse G. Singh
- Executive Appointment: Fortune Brands Innovations has appointed Jesse G. Singh as CEO and board member, effective June 29, 2026, marking a significant leadership change aimed at driving future strategic development.
- Predecessor Background: Prior to this role, Singh served as CEO of The AZEK Company from 2016 to 2025, bringing extensive industry experience that is expected to provide Fortune Brands with fresh perspectives and leadership.
- Market Reaction: Following the announcement, Fortune Brands Innovations' shares rose 4.5% in premarket trading, indicating positive investor sentiment towards the new leadership and potentially boosting market confidence.
- Strategic Implications: This executive change not only reflects the company's commitment to future growth but may also enhance its market competitiveness through Singh's leadership experience, driving business transformation and innovation.
See More
PEMCO Partners with Moen to Offer Smart Leak Detection Technology
- Smart Leak Detection: PEMCO partners with Moen, North America's leading faucet brand, to provide members with smart leak detection and automatic water shutoff technology, aimed at helping members identify issues before water damage occurs, thereby reducing insurance claims risk.
- Preferred Purchase Rate: PEMCO members can purchase the Flo Shutoff device at a preferred rate on Moen's website, and those who install the system may receive up to $1,000 annually toward covered plumbing repairs through eligible homeowner policies, further enhancing home protection capabilities.
- Significant Reduction in Claims: A third-party study indicates that homes with the Flo device installed experience 96% fewer water damage claim events, as the device learns water usage patterns to identify abnormalities, enabling residents to take action before issues escalate.
- Enhanced Customer Experience: Moen's VP Jeff Barnes states that this partnership combines smart water technology with PEMCO's commitment to customers, eliminating uncertainty in home maintenance and providing a safer living experience for modern homeowners.
See More
PEMCO Partners with Moen for Smart Leak Detection Technology
- Smart Leak Detection: PEMCO partners with Moen, North America's leading faucet brand, to provide smart water monitoring technology to PEMCO members, aiming to reduce water loss and insurance claims by detecting small leaks early.
- Preferred Purchase Benefits: PEMCO members can purchase the Flo Shutoff device at a preferred rate on Moen's website, and those who install it may receive up to $1,000 annually for covered plumbing repairs, enhancing home protection.
- Significant Claim Reduction: A third-party study indicates that homes equipped with the Flo device experience 96% fewer water damage claim events, demonstrating the technology's effectiveness in preventing minor leaks from escalating into major losses.
- Enhanced Customer Experience: The Moen Flo app provides real-time monitoring of water usage and alerts for abnormalities, enabling residents to respond to potential issues promptly, thereby improving home safety and maintenance convenience whether they are at home or away.
See More
Fortune Brands Innovations Showcases Fiberon Novus at AIA Conference 2026
- Exhibition Highlight: Fortune Brands Innovations showcases the industry-first Fiberon Novus composite decking at the 2026 AIA Conference, attracting numerous attendees at booth #4015, demonstrating its innovative capabilities in exterior design.
- Brand Collaboration: The Manifest Collective brings together renowned brands such as Therma-Tru, Fiberon, Larson, Fypon, and Solar Innovations, creating a unified exhibition experience that highlights specialized knowledge and innovation for residential and light commercial projects.
- Product Advantages: Fiberon Novus features advanced image capture technology for a realistic wood appearance and is backed by a 50-year warranty, showcasing exceptional durability and slip resistance, meeting modern architects' demands for high-quality materials.
- Market Positioning: The exhibition not only showcases products like Fiberon Wildwood cladding and Therma-Tru's Veris Entryways but also emphasizes the company's strategic goals in enhancing living space value and sustainability, further solidifying its leadership in the home industry.
See More
Fortune Brands Innovations Shares Rise 2% Following Upgrade by Truist Securities
- Stock Price Increase: Shares of Fortune Brands Innovations (FBIN) rose approximately 2% in premarket trading on Tuesday, reflecting a positive market response to Truist Securities upgrading its rating from Hold to Buy and raising the price target from $45 to $70, indicating a potential 37.3% upside from the last close of $50.97.
- New CEO Appointment: Truist highlighted that the appointment of new CEO Jesse Singh is seen as pivotal for the company's turnaround, with Singh's experience at AZEK demonstrating the potential to enhance FBIN's core businesses (Moen and Therma-Tru) and improve capital allocation, thereby boosting market confidence in the company's future.
- Strategic Action Expectations: Truist anticipates that Singh will implement strategic actions on approximately two-thirds of EBITDA, which may include improvements or divestitures, particularly reviewing assets like Larson and parts of the security business, indicating a commitment to optimizing the asset portfolio.
- Market Focus Shift: Analysts believe that Fiberon is expected to be sold “shortly” following the company's strategic review, while emphasizing that a renewed focus on marketing and product introduction for the Moen brand could significantly alter the pace of business growth, enhancing the company's competitive position in the market.
See More
Major Rating Updates on Wall Street
- Netflix Advertising Opportunity: Loop reiterates Netflix as a buy, noting that the advertising business contributed about 240bps of growth last year and is expected to grow significantly, highlighting the company's potential in the advertising market.
- Nvidia Earnings Upgrade: CLSA raises Nvidia's price target from $300 to $360, with earnings estimates for FY27-29 increased by 21%-53%, reflecting growing confidence in a longer upcycle for the computing industry.
- Block Rating Upgrade: Piper Sandler upgrades Block from underweight to overweight with a $100 price target, citing margin upside, which indicates a positive outlook for the company's future growth.
- Comcast Value Unlocking: Deutsche Bank upgrades Comcast from hold to buy, stating that the recent spin-off will unlock value, demonstrating positive changes in the company's capital structure.
See More
Fortune Brands Innovations Appoints New CEO Jesse G. Singh
- Executive Appointment: Fortune Brands Innovations has appointed Jesse G. Singh as CEO and board member, effective June 29, 2026, marking a significant leadership change aimed at driving future strategic development.
- Predecessor Background: Prior to this role, Singh served as CEO of The AZEK Company from 2016 to 2025, bringing extensive industry experience that is expected to provide Fortune Brands with fresh perspectives and leadership.
- Market Reaction: Following the announcement, Fortune Brands Innovations' shares rose 4.5% in premarket trading, indicating positive investor sentiment towards the new leadership and potentially boosting market confidence.
- Strategic Implications: This executive change not only reflects the company's commitment to future growth but may also enhance its market competitiveness through Singh's leadership experience, driving business transformation and innovation.
See More
PEMCO Partners with Moen to Offer Smart Leak Detection Technology
- Smart Leak Detection: PEMCO partners with Moen, North America's leading faucet brand, to provide members with smart leak detection and automatic water shutoff technology, aimed at helping members identify issues before water damage occurs, thereby reducing insurance claims risk.
- Preferred Purchase Rate: PEMCO members can purchase the Flo Shutoff device at a preferred rate on Moen's website, and those who install the system may receive up to $1,000 annually toward covered plumbing repairs through eligible homeowner policies, further enhancing home protection capabilities.
- Significant Reduction in Claims: A third-party study indicates that homes with the Flo device installed experience 96% fewer water damage claim events, as the device learns water usage patterns to identify abnormalities, enabling residents to take action before issues escalate.
- Enhanced Customer Experience: Moen's VP Jeff Barnes states that this partnership combines smart water technology with PEMCO's commitment to customers, eliminating uncertainty in home maintenance and providing a safer living experience for modern homeowners.
See More
PEMCO Partners with Moen for Smart Leak Detection Technology
- Smart Leak Detection: PEMCO partners with Moen, North America's leading faucet brand, to provide smart water monitoring technology to PEMCO members, aiming to reduce water loss and insurance claims by detecting small leaks early.
- Preferred Purchase Benefits: PEMCO members can purchase the Flo Shutoff device at a preferred rate on Moen's website, and those who install it may receive up to $1,000 annually for covered plumbing repairs, enhancing home protection.
- Significant Claim Reduction: A third-party study indicates that homes equipped with the Flo device experience 96% fewer water damage claim events, demonstrating the technology's effectiveness in preventing minor leaks from escalating into major losses.
- Enhanced Customer Experience: The Moen Flo app provides real-time monitoring of water usage and alerts for abnormalities, enabling residents to respond to potential issues promptly, thereby improving home safety and maintenance convenience whether they are at home or away.
See More
Fortune Brands Innovations Showcases Fiberon Novus at AIA Conference 2026
- Exhibition Highlight: Fortune Brands Innovations showcases the industry-first Fiberon Novus composite decking at the 2026 AIA Conference, attracting numerous attendees at booth #4015, demonstrating its innovative capabilities in exterior design.
- Brand Collaboration: The Manifest Collective brings together renowned brands such as Therma-Tru, Fiberon, Larson, Fypon, and Solar Innovations, creating a unified exhibition experience that highlights specialized knowledge and innovation for residential and light commercial projects.
- Product Advantages: Fiberon Novus features advanced image capture technology for a realistic wood appearance and is backed by a 50-year warranty, showcasing exceptional durability and slip resistance, meeting modern architects' demands for high-quality materials.
- Market Positioning: The exhibition not only showcases products like Fiberon Wildwood cladding and Therma-Tru's Veris Entryways but also emphasizes the company's strategic goals in enhancing living space value and sustainability, further solidifying its leadership in the home industry.
See More
