H. B. Fuller (NYSE:FUL) Raised to “Buy” at Wall Street Zen

H. B. Fuller (NYSE:FUL) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Sunday.

FUL has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of H. B. Fuller in a research note on Friday, January 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of H. B. Fuller in a research note on Monday, December 29th. Vertical Research upgraded H. B. Fuller from a “hold” rating to a “strong-buy” rating in a report on Friday. UBS Group cut their target price on H. B. Fuller from $66.00 to $63.00 and set a “neutral” rating on the stock in a research note on Friday. Finally, Citigroup reduced their target price on H. B. Fuller from $76.00 to $67.00 and set a “buy” rating on the stock in a report on Thursday, March 19th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, H. B. Fuller has an average rating of “Moderate Buy” and a consensus price target of $65.50.

H. B. Fuller Price Performance

Shares of FUL stock opened at $59.40 on Friday. H. B. Fuller has a 52 week low of $47.56 and a 52 week high of $68.63. The stock’s fifty day moving average is $61.01 and its 200-day moving average is $60.02. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.15 and a current ratio of 1.92. The stock has a market capitalization of $3.24 billion, a PE ratio of 19.80, a PEG ratio of 0.88 and a beta of 1.07.

H. B. Fuller (NYSE:FUL) last posted its quarterly earnings data on Wednesday, March 25th. The specialty chemicals company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.01. H. B. Fuller had a net margin of 4.62% and a return on equity of 11.84%. The firm had revenue of $770.84 million during the quarter, compared to analysts’ expectations of $787.77 million. During the same quarter last year, the company posted $0.54 EPS. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. Equities research analysts expect that H. B. Fuller will post 4.07 EPS for the current fiscal year.

Institutional Trading of H. B. Fuller

Large investors have recently made changes to their positions in the company. Deprince Race & Zollo Inc. grew its stake in H. B. Fuller by 80.4% in the third quarter. Deprince Race & Zollo Inc. now owns 555,877 shares of the specialty chemicals company’s stock valued at $32,952,000 after acquiring an additional 247,815 shares during the period. New York State Common Retirement Fund raised its position in shares of H. B. Fuller by 38.3% during the third quarter. New York State Common Retirement Fund now owns 149,448 shares of the specialty chemicals company’s stock worth $8,859,000 after purchasing an additional 41,365 shares during the period. JPMorgan Chase & Co. raised its position in shares of H. B. Fuller by 16.2% during the second quarter. JPMorgan Chase & Co. now owns 612,048 shares of the specialty chemicals company’s stock worth $36,815,000 after purchasing an additional 85,469 shares during the period. Squarepoint Ops LLC bought a new position in shares of H. B. Fuller during the 2nd quarter valued at about $1,661,000. Finally, Luminus Management LLC bought a new position in shares of H. B. Fuller during the 3rd quarter valued at about $2,172,000. Institutional investors own 95.93% of the company’s stock.

H. B. Fuller Company Profile

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.