HB Fuller Co (NYSE:FUL) – Research analysts at KeyCorp issued their Q2 2018 earnings per share estimates for HB Fuller in a report released on Monday, April 2nd. KeyCorp analyst M. Sison anticipates that the specialty chemicals company will earn $0.84 per share for the quarter. KeyCorp also issued estimates for HB Fuller’s Q3 2018 earnings at $0.94 EPS and Q4 2018 earnings at $1.02 EPS.
Several other equities research analysts also recently issued reports on FUL. Zacks Investment Research downgraded HB Fuller from a “buy” rating to a “hold” rating in a research report on Monday, December 11th. Deutsche Bank raised HB Fuller from a “hold” rating to a “buy” rating and raised their price target for the company from $60.00 to $62.00 in a research report on Thursday, January 25th. Seaport Global Securities raised HB Fuller from a “neutral” rating to a “buy” rating and raised their price target for the company from $63.00 to $66.00 in a research report on Thursday, January 25th. Citigroup lifted their target price on HB Fuller from $57.50 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, January 25th. Finally, Longbow Research raised HB Fuller from a “neutral” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $60.50.
HB Fuller (NYSE:FUL) last issued its quarterly earnings results on Wednesday, March 28th. The specialty chemicals company reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The company had revenue of $713.08 million for the quarter, compared to the consensus estimate of $663.98 million. HB Fuller had a return on equity of 11.97% and a net margin of 3.62%.
A number of hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC lifted its stake in HB Fuller by 1,935.1% during the fourth quarter. Renaissance Technologies LLC now owns 224,000 shares of the specialty chemicals company’s stock worth $12,067,000 after purchasing an additional 212,993 shares during the period. Deutsche Bank AG lifted its stake in HB Fuller by 188.9% during the fourth quarter. Deutsche Bank AG now owns 307,407 shares of the specialty chemicals company’s stock worth $16,557,000 after purchasing an additional 200,995 shares during the period. SG Capital Management LLC bought a new position in HB Fuller during the fourth quarter worth about $7,798,000. Assenagon Asset Management S.A. bought a new position in HB Fuller during the fourth quarter worth about $6,567,000. Finally, Anchor Bolt Capital LP bought a new position in HB Fuller during the third quarter worth about $6,007,000. 93.78% of the stock is currently owned by institutional investors and hedge funds.
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HB Fuller Company Profile
H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, and other specialty chemical products worldwide. The company operates through six segments: Americas Adhesives; EIMEA (Europe, India, Middle East and Africa); Asia Pacific; Construction Products; Engineering Adhesives; and Royal Adhesives.
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