JPMorgan Chase & Co. Has Lowered Expectations for H. B. Fuller (NYSE:FUL) Stock Price

H. B. Fuller (NYSE:FUL) had its price target lowered by equities research analysts at JPMorgan Chase & Co. from $67.00 to $66.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the specialty chemicals company’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 33.72% from the company’s current price.

A number of other brokerages have also recently commented on FUL. Robert W. Baird decreased their price objective on H. B. Fuller from $75.00 to $65.00 and set an “outperform” rating for the company in a research note on Friday. UBS Group set a $69.00 target price on H. B. Fuller in a research note on Friday, June 26th. Weiss Ratings cut H. B. Fuller from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, September 14th. The Goldman Sachs Group set a $67.00 target price on H. B. Fuller in a research report on Friday, June 26th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on H. B. Fuller from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $65.88.

H. B. Fuller Trading Down 1.4%

FUL stock traded down $0.70 during midday trading on Monday, reaching $49.36. The company’s stock had a trading volume of 177,027 shares, compared to its average volume of 662,976. The business’s 50-day simple moving average is $55.71 and its 200-day simple moving average is $58.37. The company has a quick ratio of 1.10, a current ratio of 1.82 and a debt-to-equity ratio of 0.95. H. B. Fuller has a 52 week low of $46.70 and a 52 week high of $68.63. The stock has a market cap of $2.65 billion, a PE ratio of 13.76, a price-to-earnings-growth ratio of 0.55 and a beta of 0.97.

H. B. Fuller (NYSE:FUL) last issued its earnings results on Thursday, September 24th. The specialty chemicals company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.47 by $0.05. The company had revenue of $938.17 million during the quarter, compared to analysts’ expectations of $945.59 million. H. B. Fuller had a net margin of 5.56% and a return on equity of 12.65%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 EPS. As a group, sell-side analysts expect that H. B. Fuller will post 4.78 EPS for the current year.

Insider Transactions at H. B. Fuller

In other H. B. Fuller news, VP Nathan Weaver sold 9,561 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $62.06, for a total value of $593,355.66. Following the completion of the transaction, the vice president directly owned 11,739 shares of the company’s stock, valued at approximately $728,522.34. The trade was a 44.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.83% of the company’s stock.

Institutional Investors Weigh In On H. B. Fuller

A number of hedge funds have recently modified their holdings of FUL. Dimensional Fund Advisors LP grew its position in shares of H. B. Fuller by 5.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,608,006 shares of the specialty chemicals company’s stock valued at $160,854,000 after purchasing an additional 132,558 shares during the period. Norges Bank acquired a new stake in H. B. Fuller during the 4th quarter worth approximately $44,203,000. Royal Bank of Canada lifted its stake in H. B. Fuller by 2,694.7% in the first quarter. Royal Bank of Canada now owns 675,765 shares of the specialty chemicals company’s stock valued at $41,681,000 after buying an additional 651,585 shares in the last quarter. Kennedy Capital Management LLC lifted its stake in H. B. Fuller by 43.4% in the fourth quarter. Kennedy Capital Management LLC now owns 630,194 shares of the specialty chemicals company’s stock valued at $37,471,000 after buying an additional 190,750 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of H. B. Fuller by 36.3% in the first quarter. Bank of America Corp DE now owns 513,163 shares of the specialty chemicals company’s stock valued at $31,652,000 after buying an additional 136,666 shares during the period. Institutional investors and hedge funds own 95.93% of the company’s stock.

About H. B. Fuller

H.B. Fuller Company (NYSE: FUL) develops and manufactures specialty adhesives, sealants and other chemical-based products used in industrial and commercial applications. Its solutions help customers bond, seal, coat and assemble materials across a range of products and manufacturing processes.

The company serves markets including packaging, hygiene and disposable products, construction, transportation, electronics, durable assembly, woodworking, flooring, composites and renewable energy.