H. B. Fuller Co. (NYSE:FUL) was upgraded by investment analysts at Seaport Global Securities from an “accumulate” rating to a “buy” rating in a research report issued to clients and investors on Monday. The brokerage currently has a $51.00 price objective on the stock, up from their previous price objective of $50.00. Seaport Global Securities’ target price would indicate a potential upside of 11.35% from the company’s current price.
A number of other research firms also recently commented on FUL. Zacks Investment Research upgraded shares of H. B. Fuller from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Tuesday, June 21st. Deutsche Bank AG increased their price objective on shares of H. B. Fuller from $47.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, June 24th.
Shares of H. B. Fuller (NYSE:FUL) opened at 45.80 on Monday. The stock has a market cap of $2.30 billion, a P/E ratio of 21.30 and a beta of 1.75. The company’s 50-day moving average is $46.79 and its 200-day moving average is $45.17. H. B. Fuller has a 12-month low of $32.49 and a 12-month high of $48.83.
H. B. Fuller (NYSE:FUL) last posted its quarterly earnings data on Wednesday, September 21st. The company reported $0.64 EPS for the quarter, missing the Zacks’ consensus estimate of $0.67 by $0.03. H. B. Fuller had a net margin of 5.32% and a return on equity of 13.66%. During the same quarter in the prior year, the company earned $0.61 EPS. On average, analysts expect that H. B. Fuller will post $2.49 earnings per share for the current fiscal year.
In other news, insider James Owens sold 55,048 shares of the firm’s stock in a transaction dated 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 directly owns 151,293 shares in the company, valued at approximately $7,024,533.99. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Timothy J. Keenan sold 8,037 shares of the firm’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $46.03, for a total transaction of $369,943.11. Following the completion of the transaction, the vice president now owns 22,142 shares in the company, valued at $1,019,196.26. The disclosure for this sale can be found here. 3.55% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its stake in H. B. Fuller by 1,963.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,682 shares of the company’s stock worth $118,000 after buying an additional 2,552 shares during the period. Huntington National Bank boosted its stake in H. B. Fuller by 7,513.5% in the second quarter. Huntington National Bank now owns 2,817 shares of the company’s stock worth $124,000 after buying an additional 2,780 shares during the period. Envestnet Asset Management Inc. boosted its stake in H. B. Fuller by 24.7% in the first quarter. Envestnet Asset Management Inc. now owns 3,185 shares of the company’s stock worth $135,000 after buying an additional 630 shares during the period. Public Employees Retirement System of Ohio boosted its stake in H. B. Fuller by 4.9% in the second quarter. Public Employees Retirement System of Ohio now owns 3,417 shares of the company’s stock worth $150,000 after buying an additional 159 shares during the period. Finally, Panagora Asset Management Inc. boosted its stake in H. B. Fuller by 385.0% in the second quarter. Panagora Asset Management Inc. now owns 4,850 shares of the company’s stock worth $213,000 after buying an additional 3,850 shares during the period. Institutional investors own 89.00% of the company’s stock.
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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