Zacks Research Upgrades H. B. Fuller (NYSE:FUL) to “Strong-Buy”

H. B. Fuller (NYSE:FULGet Free Report) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

Several other equities analysts also recently weighed in on FUL. Deutsche Bank Aktiengesellschaft lifted their target price on H. B. Fuller from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Tuesday, June 30th. Royal Bank Of Canada set a $58.00 price target on shares of H. B. Fuller in a research report on Wednesday, May 27th. UBS Group set a $69.00 price objective on shares of H. B. Fuller in a research note on Friday, June 26th. Raymond James Financial set a $67.00 price objective on shares of H. B. Fuller in a report on Friday, June 26th. Finally, JPMorgan Chase & Co. raised shares of H. B. Fuller from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $58.00 to $67.00 in a research note on Friday, June 26th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $67.86.

Check Out Our Latest Research Report on FUL

H. B. Fuller Trading Down 1.7%

FUL opened at $57.02 on Monday. H. B. Fuller has a 52 week low of $48.71 and a 52 week high of $68.63. The business has a fifty day simple moving average of $58.92 and a 200-day simple moving average of $60.41. The firm has a market cap of $3.07 billion, a P/E ratio of 17.49, a P/E/G ratio of 0.63 and a beta of 0.98. The company has a quick ratio of 1.12, a current ratio of 1.80 and a debt-to-equity ratio of 1.00.

H. B. Fuller (NYSE:FULGet Free Report) last issued its quarterly earnings data on Thursday, June 25th. The specialty chemicals company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. The business had revenue of $950.27 million during the quarter, compared to analysts’ expectations of $924.83 million. H. B. Fuller had a return on equity of 12.18% and a net margin of 5.29%.The company’s revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.18 earnings per share. On average, equities analysts expect that H. B. Fuller will post 4.87 earnings per share for the current year.

Insider Transactions at H. B. Fuller

In other H. B. Fuller news, VP Nathan D. Weaver sold 9,561 shares of the stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $62.06, for a total transaction of $593,355.66. Following the sale, the vice president directly owned 11,739 shares of the company’s stock, valued at approximately $728,522.34. This represents a 44.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.83% of the stock is owned by company insiders.

Hedge Funds Weigh In On H. B. Fuller

Several institutional investors have recently made changes to their positions in FUL. California State Teachers Retirement System lifted its holdings in shares of H. B. Fuller by 5,774.0% in the 2nd quarter. California State Teachers Retirement System now owns 3,619,751 shares of the specialty chemicals company’s stock worth $210,995,000 after purchasing an additional 3,558,128 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of H. B. Fuller during the second quarter worth about $86,000. Bank of New York Mellon Corp acquired a new stake in shares of H. B. Fuller in the 2nd quarter worth about $29,611,000. S&CO Inc. acquired a new stake in shares of H. B. Fuller in the 2nd quarter worth about $14,093,000. Finally, Parallel Advisors LLC lifted its position in H. B. Fuller by 85.6% in the 1st quarter. Parallel Advisors LLC now owns 1,034 shares of the specialty chemicals company’s stock valued at $64,000 after purchasing an additional 477 shares during the last quarter. 95.93% of the stock is owned by institutional investors.

H. B. Fuller Company Profile

(Get Free Report)

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.

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Analyst Recommendations for H. B. Fuller (NYSE:FUL)

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