H. B. Fuller Co. (FUL) Research Coverage Started at Citigroup Inc.
Citigroup Inc. initiated coverage on shares of H. B. Fuller Co. (NYSE:FUL) in a research note issued to investors on Thursday. The brokerage issued a buy rating and a $53.00 price target on the stock.
A number of other brokerages have also recently weighed in on FUL. Zacks Investment Research cut shares of H. B. Fuller from a buy rating to a hold rating in a research report on Tuesday, June 28th. Seaport Global Securities upgraded shares of H. B. Fuller from an accumulate rating to a buy rating and lifted their price target for the company from $50.00 to $51.00 in a research report on Monday, September 26th. Finally, Deutsche Bank AG lifted their price target on shares of H. B. Fuller from $47.00 to $50.00 and gave the company a hold rating in a research report on Friday, June 24th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock has an average rating of Hold and an average target price of $50.00.
Shares of H. B. Fuller (NYSE:FUL) opened at 46.13 on Thursday. The company’s 50-day moving average is $46.77 and its 200-day moving average is $45.35. H. B. Fuller has a 52-week low of $32.49 and a 52-week high of $48.83. The stock has a market cap of $2.32 billion, a PE ratio of 21.46 and a beta of 1.69.
H. B. Fuller (NYSE:FUL) last issued its earnings results on Wednesday, September 21st. The company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates 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 in the previous year, the company earned $0.61 EPS. Equities analysts anticipate that H. B. Fuller will post $2.48 EPS for the current year.
In related news, insider James Owens sold 55,048 shares of H. B. Fuller stock in a transaction that occurred 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 completion of the transaction, the insider now owns 151,293 shares in the company, valued at $7,024,533.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP James R. Giertz sold 25,000 shares of H. B. Fuller stock in a transaction that occurred 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 owns 108,121 shares of the company’s stock, 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 corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in FUL. Capstone Asset Management Co. boosted 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 during the period. BlackRock Institutional Trust Company N.A. boosted 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 during the period. BlackRock Group LTD boosted 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 during the period. Quantbot Technologies LP boosted 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 during the period. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of H. B. Fuller during the first quarter worth $438,000. Hedge funds and other 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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