H. B. Fuller (NYSE:FUL) Hits New 1-Year High – Should You Buy?

H. B. Fuller Company (NYSE:FUL) shares reached a new 52-week high during trading on Friday . The stock traded as high as $65.53 and last traded at $65.4850, with a volume of 435701 shares changing hands. The stock had previously closed at $63.26.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Citigroup raised H. B. Fuller from a “neutral” rating to a “buy” rating and increased their price target for the stock from $62.00 to $70.00 in a research note on Wednesday, October 22nd. Seaport Res Ptn upgraded shares of H. B. Fuller from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 26th. Weiss Ratings reissued a “hold (c)” rating on shares of H. B. Fuller in a research note on Monday, December 29th. Wall Street Zen lowered shares of H. B. Fuller from a “buy” rating to a “hold” rating in a research note on Monday, November 24th. Finally, UBS Group initiated coverage on shares of H. B. Fuller in a research note on Friday, November 21st. They set a “neutral” rating and a $60.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $66.20.

H. B. Fuller Price Performance

The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.18 and a current ratio of 1.93. The company’s 50 day moving average price is $58.87 and its 200-day moving average price is $59.49. The company has a market cap of $3.54 billion, a price-to-earnings ratio of 35.40, a PEG ratio of 0.99 and a beta of 1.10.

H. B. Fuller (NYSE:FUL) last issued its earnings results on Wednesday, April 13th. The specialty chemicals company reported $0.66 earnings per share for the quarter. The firm had revenue of $725.90 million during the quarter. H. B. Fuller had a net margin of 3.28% and a return on equity of 11.49%. On average, equities research analysts forecast that H. B. Fuller Company will post 4.07 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, VP Nathan D. Weaver sold 7,075 shares of the firm’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $58.38, for a total transaction of $413,038.50. Following the completion of the sale, the vice president directly owned 9,441 shares of the company’s stock, valued at $551,165.58. This trade represents a 42.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO John J. Corkrean sold 14,222 shares of H. B. Fuller stock in a transaction on Monday, October 27th. The stock was sold at an average price of $60.31, for a total value of $857,728.82. Following the completion of the transaction, the chief financial officer owned 54,646 shares in the company, valued at $3,295,700.26. The trade was a 20.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.99% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Salomon & Ludwin LLC acquired a new stake in shares of H. B. Fuller during the third quarter valued at approximately $28,000. Parallel Advisors LLC raised its stake in H. B. Fuller by 141.6% during the 2nd quarter. Parallel Advisors LLC now owns 534 shares of the specialty chemicals company’s stock valued at $32,000 after purchasing an additional 313 shares during the period. Covestor Ltd raised its stake in H. B. Fuller by 22,833.3% during the 3rd quarter. Covestor Ltd now owns 688 shares of the specialty chemicals company’s stock valued at $41,000 after purchasing an additional 685 shares during the period. TD Waterhouse Canada Inc. purchased a new stake in shares of H. B. Fuller in the third quarter valued at $47,000. Finally, AdvisorNet Financial Inc boosted its position in shares of H. B. Fuller by 160.8% in the third quarter. AdvisorNet Financial Inc now owns 845 shares of the specialty chemicals company’s stock worth $50,000 after buying an additional 521 shares during the period. 95.93% of the stock is currently owned by institutional investors and hedge funds.

About H. B. Fuller

H. B. Fuller Company, founded in 1887 and headquartered in St. Paul, Minnesota, is a global adhesives and specialty chemical solutions provider serving a wide array of industries. The company develops, manufactures and markets adhesive technologies, sealants, polymers and related chemical products designed to enhance product performance, sustainability and manufacturing efficiency.

Fuller’s product portfolio spans multiple market segments, including packaging and converting, general industrial assembly, electronics, transportation, hygiene and construction.