Brokerages Set HB Fuller Co (NYSE:FUL) Target Price at $56.56

HB Fuller Co (NYSE:FUL) has earned a consensus recommendation of “Hold” from the eight analysts that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $56.56.

FUL has been the subject of several recent research reports. Zacks Investment Research upgraded HB Fuller from a “sell” rating to a “hold” rating in a report on Tuesday. TheStreet downgraded HB Fuller from a “b-” rating to a “c+” rating in a report on Tuesday, June 4th. ValuEngine downgraded HB Fuller from a “hold” rating to a “sell” rating in a report on Monday, May 20th. Finally, JPMorgan Chase & Co. downgraded HB Fuller from an “overweight” rating to a “neutral” rating and set a $50.79 price objective for the company. in a report on Tuesday, April 9th. They noted that the move was a valuation call.

In other HB Fuller news, VP Heather Campe sold 11,457 shares of the business’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $50.36, for a total value of $576,974.52. Following the completion of the transaction, the vice president now directly owns 20,644 shares in the company, valued at $1,039,631.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.46% of the company’s stock.



A number of institutional investors have recently made changes to their positions in FUL. Brinker Capital Inc. lifted its holdings in shares of HB Fuller by 4.0% in the first quarter. Brinker Capital Inc. now owns 5,389 shares of the specialty chemicals company’s stock valued at $262,000 after purchasing an additional 206 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in HB Fuller by 1.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 19,635 shares of the specialty chemicals company’s stock valued at $955,000 after buying an additional 355 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in HB Fuller by 16.5% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,643 shares of the specialty chemicals company’s stock valued at $113,000 after buying an additional 375 shares in the last quarter. Piedmont Investment Advisors Inc. raised its holdings in HB Fuller by 3.5% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 12,063 shares of the specialty chemicals company’s stock valued at $515,000 after buying an additional 404 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in HB Fuller by 6.1% during the fourth quarter. Bank of Montreal Can now owns 7,686 shares of the specialty chemicals company’s stock valued at $328,000 after buying an additional 442 shares in the last quarter. Institutional investors and hedge funds own 98.94% of the company’s stock.

Shares of FUL traded up $0.50 during trading hours on Friday, reaching $43.86. 7,679 shares of the company traded hands, compared to its average volume of 394,824. The firm has a market capitalization of $2.19 billion, a P/E ratio of 14.59, a P/E/G ratio of 1.09 and a beta of 1.52. HB Fuller has a 12-month low of $39.22 and a 12-month high of $59.58. The company has a current ratio of 2.10, a quick ratio of 1.36 and a debt-to-equity ratio of 1.83.

HB Fuller (NYSE:FUL) last released its quarterly earnings data on Wednesday, March 27th. The specialty chemicals company reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. The firm had revenue of $673.00 million during the quarter, compared to the consensus estimate of $697.64 million. HB Fuller had a return on equity of 13.53% and a net margin of 4.52%. HB Fuller’s revenue was down 5.6% compared to the same quarter last year. Analysts predict that HB Fuller will post 3.29 earnings per share for the current year.

About HB Fuller

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, and other specialty chemical products worldwide. The company operates through five segments: Americas Adhesives, EIMEA, Asia Pacific, Construction Adhesives, and Engineering Adhesives.

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Analyst Recommendations for HB Fuller (NYSE:FUL)

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