Fortune Brands Home & c. Inc.

Fortune Brands appointed Jesse Singh as its new CEO effective June 29, 2026; interim CEO David Barry will become COO. The stock rose about 2.4% in premarket trading after the announcement. Truist Securities upgraded its rating from "hold" to "buy" and set a $70 price target. Activist Ed Garden signaled full support, which the market saw as easing governance concerns; additionally, the positive market backdrop supported the move. » Więcej na de.investing.com

Shares of Fortune Brands Innovations rose about 8.6% after Jesse Singh was named and took office as the new CEO. Singh previously served as CEO of The AZEK Company (2016–2025). The leadership change follows engagement by activist investor Ed Garden, who joined the board in March. Interim CEO David Barry was appointed chief operating officer and executive vice president; analysts view the personnel move positively given the favorable valuation. » Więcej na de.investing.com

Director Edward P. Garden purchased 320,067 common shares of Fortune Brands on June 10 at a weighted average price of $40.60 per share (transaction value about $13 million). The purchases were made in several transactions at prices between $40.40 and $40.74. After the transaction, entities controlled by Garden hold 3,940,234 shares; he additionally indirectly holds 4,765 shares from the Long-Term Incentive Plan. The stock rose about 2% in after-hours trading after the required filing with the SEC was released. » Więcej na de.investing.com

The stock of Fortune Brands fell to a 52‑week low of $36.93 after having dropped 36.7% over the past year. The company missed expectations in Q4 2025 with EPS of $0.86 (expectation $1.00) and revenue of $1.08 billion (expectation $1.14 billion). Analysts reacted with rating and price‑target adjustments; Barclays downgraded and cut its target to $55. Fortune Brands is seeking a new CEO and plans to add activist investor Ed Garden to the board to avoid a proxy fight. » Więcej na de.investing.com

Shares of Fortune Brands Home & Security fell to a 52-week low of $42.94 and are down 31.53% year to date. For fiscal fourth quarter 2025 the company reported EPS of $0.86 (expectation $1.00) and revenue of $1.08 billion (expectation $1.14 billion). Following the results, Barclays cut its rating to equalweight and lowered its price target from $68 to $55, while RBC maintained an outperform rating with a $61 price target. Fortune Brands has agreed to begin a search for a new CEO and to add Ed Garden to the board to avoid a possible proxy fight. » Więcej na de.investing.com