H.B. Fuller (NYSE:FUL) Given Average Rating of “Hold” by Brokerages

Shares of H.B. Fuller (NYSE:FUL) have been given an average recommendation of “Hold” by the five ratings firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $84.20.

Several research firms have recently issued reports on FUL. Citigroup decreased their target price on shares of H.B. Fuller from $78.00 to $68.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. JPMorgan Chase & Co. decreased their target price on shares of H.B. Fuller from $70.00 to $60.00 and set an “underweight” rating for the company in a research report on Friday. Finally, Vertical Research downgraded shares of H.B. Fuller from a “buy” rating to a “hold” rating in a research report on Monday, January 6th.

Institutional Investors Weigh In On H.B. Fuller

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC increased its position in shares of H.B. Fuller by 79.8% during the third quarter. Lord Abbett & CO. LLC now owns 730,058 shares of the specialty chemicals company’s stock valued at $57,952,000 after buying an additional 324,056 shares during the period. Geode Capital Management LLC increased its position in shares of H.B. Fuller by 1.5% during the third quarter. Geode Capital Management LLC now owns 1,258,752 shares of the specialty chemicals company’s stock valued at $99,939,000 after buying an additional 18,734 shares during the period. Marshall Wace LLP increased its position in shares of H.B. Fuller by 9.9% during the second quarter. Marshall Wace LLP now owns 290,005 shares of the specialty chemicals company’s stock valued at $22,319,000 after buying an additional 26,239 shares during the period. Finally, S&CO Inc. increased its position in shares of H.B. Fuller by 0.3% during the third quarter. S&CO Inc. now owns 267,192 shares of the specialty chemicals company’s stock valued at $21,209,000 after buying an additional 920 shares during the period. 95.93% of the stock is currently owned by institutional investors.

H.B. Fuller Stock Performance

Shares of H.B. Fuller stock traded up $0.83 during trading on Friday, reaching $63.05. The company’s stock had a trading volume of 208,153 shares, compared to its average volume of 425,068. The business’s 50-day moving average price is $71.13 and its 200-day moving average price is $76.89. The firm has a market cap of $3.44 billion, a PE ratio of 19.48, a P/E/G ratio of 1.50 and a beta of 1.43. H.B. Fuller has a 52 week low of $60.96 and a 52 week high of $87.67. The company has a quick ratio of 1.16, a current ratio of 1.89 and a debt-to-equity ratio of 1.10.

H.B. Fuller (NYSE:FUL) last posted its quarterly earnings data on Wednesday, January 15th. The specialty chemicals company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.08). The firm had revenue of $923.00 million for the quarter, compared to the consensus estimate of $916.84 million. H.B. Fuller had a return on equity of 13.39% and a net margin of 5.15%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.32 EPS. Equities analysts forecast that H.B. Fuller will post 3.84 earnings per share for the current year.

About H.B. Fuller

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products. It operates through three segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Construction Adhesives.