Seaport Global Securities upgraded shares of H. B. Fuller Co. (NYSE:FUL) from an accumulate rating to a buy rating in a report released on Monday morning. The brokerage currently has $51.00 price objective on the stock, up from their previous price objective of $50.00.
A number of other brokerages have also issued reports on FUL. Zacks Investment Research lowered shares of H. B. Fuller from a buy rating to a hold rating in a research report on Tuesday, June 28th. Deutsche Bank AG raised their target price on shares of H. B. Fuller from $47.00 to $50.00 and gave the stock a hold rating in a research report on Friday, June 24th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. H. B. Fuller currently has a consensus rating of Hold and a consensus target price of $50.00.
Shares of H. B. Fuller (NYSE:FUL) opened at 46.04 on Monday. H. B. Fuller has a 52-week low of $32.49 and a 52-week high of $48.83. The stock’s 50 day moving average price is $46.77 and its 200-day moving average price is $45.18. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of 21.41 and a beta of 1.75.
H. B. Fuller (NYSE:FUL) last announced its earnings results on Wednesday, September 21st. The company reported $0.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.67 by $0.03. H. B. Fuller had a return on equity of 13.66% and a net margin of 5.32%. During the same quarter last year, the business posted $0.61 EPS. On average, analysts predict that H. B. Fuller will post $2.48 earnings per share for the current fiscal year.
In other H. B. Fuller news, insider James Owens sold 55,048 shares of H. B. Fuller stock in a transaction on Friday, July 29th. The shares were sold at an average price of $46.43, for a total value of $2,555,878.64. Following the transaction, the insider now owns 151,293 shares in the company, valued at approximately $7,024,533.99. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP James R. Giertz sold 25,000 shares of the firm’s stock in a transaction on Tuesday, September 27th. The shares were sold at an average price of $45.79, for a total transaction of $1,144,750.00. Following the completion of the transaction, the vice president now directly owns 108,121 shares in the company, valued at approximately $4,950,860.59. The disclosure for this sale can be found here. 3.55% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the stock. Capstone Asset Management Co. increased its position in shares of H. B. Fuller by 1.4% in the second quarter. Capstone Asset Management Co. now owns 16,526 shares of the company’s stock worth $727,000 after buying an additional 230 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of H. B. Fuller by 2.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,244,741 shares of the company’s stock worth $52,839,000 after buying an additional 33,211 shares in the last quarter. BlackRock Group LTD increased its position in shares of H. B. Fuller by 8.4% in the first quarter. BlackRock Group LTD now owns 62,861 shares of the company’s stock worth $2,669,000 after buying an additional 4,853 shares in the last quarter. Quantbot Technologies LP increased its position in shares of H. B. Fuller by 184.3% in the second quarter. Quantbot Technologies LP now owns 12,587 shares of the company’s stock worth $553,000 after buying an additional 8,160 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of H. B. Fuller during the first quarter worth approximately $438,000. 89.00% of the stock is currently owned by institutional investors and hedge funds.
About H. B. Fuller
H.B. Fuller Company is a formulator, manufacturer and marketer of adhesives, sealants and other specialty chemical products. The Company’s segments include Americas Adhesives; Europe, India, Middle East and Africa (EIMEA); Asia Pacific, and Construction Products. The Americas Adhesives segment includes a range of specialty adhesives, such as thermoplastic, thermoset, reactive, and water-based and solvent-based products.
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