Robert W. Baird began coverage on shares of H. B. Fuller Company (NYSE:FUL) in a research note released on Thursday, Marketbeat Ratings reports. The firm issued a neutral rating and a $60.00 target price on the specialty chemicals company’s stock.
FUL has been the topic of a number of other reports. KeyCorp reiterated a hold rating on shares of H. B. Fuller in a report on Thursday, August 24th. Deutsche Bank AG lifted their price target on shares of H. B. Fuller from $56.00 to $58.00 and gave the company a hold rating in a report on Wednesday, September 6th. Zacks Investment Research downgraded shares of H. B. Fuller from a hold rating to a sell rating in a report on Monday, June 5th. Finally, BidaskClub upgraded shares of H. B. Fuller from a hold rating to a buy rating in a report on Saturday, June 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. H. B. Fuller presently has a consensus rating of Hold and an average price target of $56.33.
H. B. Fuller (FUL) opened at 55.70 on Thursday. The stock has a market cap of $2.81 billion, a PE ratio of 25.46 and a beta of 1.69. H. B. Fuller has a 12-month low of $41.52 and a 12-month high of $55.86. The firm has a 50-day moving average price of $51.60 and a 200-day moving average price of $51.42.
H. B. Fuller (NYSE:FUL) last announced its quarterly earnings results on Wednesday, June 28th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05). The company had revenue of $561.65 million during the quarter. H. B. Fuller had a net margin of 5.23% and a return on equity of 13.32%. During the same quarter in the prior year, the company posted $0.67 EPS. Analysts forecast that H. B. Fuller will post $2.59 EPS for the current fiscal year.
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In other H. B. Fuller news, VP Dietrich J. Crail acquired 970 shares of the company’s stock in a transaction on Wednesday, July 12th. The stock was acquired at an average cost of $51.41 per share, with a total value of $49,867.70. Following the purchase, the vice president now directly owns 970 shares of the company’s stock, valued at approximately $49,867.70. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 3.10% of the company’s stock.
Several large investors have recently modified their holdings of FUL. Riverhead Capital Management LLC grew its stake in shares of H. B. Fuller by 42.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,996 shares of the specialty chemicals company’s stock worth $102,000 after buying an additional 596 shares in the last quarter. Tyers Asset Management LLC grew its stake in shares of H. B. Fuller by 6.6% in the 1st quarter. Tyers Asset Management LLC now owns 2,064 shares of the specialty chemicals company’s stock worth $106,000 after buying an additional 128 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of H. B. Fuller by 11.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,154 shares of the specialty chemicals company’s stock worth $110,000 after buying an additional 218 shares in the last quarter. Point72 Asia Hong Kong Ltd purchased a new position in shares of H. B. Fuller in the 1st quarter worth $117,000. Finally, Elkfork Partners LLC grew its stake in shares of H. B. Fuller by 6.6% in the 1st quarter. Elkfork Partners LLC now owns 2,838 shares of the specialty chemicals company’s stock worth $146,000 after buying an additional 176 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.
H. B. Fuller Company Profile
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, Construction Products and Engineering Adhesives. The Americas Adhesives, EIMEA and Asia Pacific operating segments produce and supply industrial adhesives products for applications in various markets, including durable assembly, nonwoven and hygiene, and textile.
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