H. B. Fuller Company (NYSE:FUL) Receives $66.20 Consensus Target Price from Brokerages

H. B. Fuller Company (NYSE:FUL) has earned an average recommendation of “Moderate Buy” from the nine analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, three have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $66.20.

Several analysts have recently commented on FUL shares. Weiss Ratings reissued a “hold (c)” rating on shares of H. B. Fuller in a research note on Monday, December 29th. Seaport Res Ptn upgraded H. B. Fuller from a “hold” rating to a “strong-buy” rating in a report on Friday, September 26th. Citigroup upgraded H. B. Fuller from a “neutral” rating to a “buy” rating and raised their price objective for the company from $62.00 to $70.00 in a research note on Wednesday, October 22nd. UBS Group began coverage on shares of H. B. Fuller in a report on Friday, November 21st. They set a “neutral” rating and a $60.00 price objective on the stock. Finally, Wall Street Zen lowered shares of H. B. Fuller from a “buy” rating to a “hold” rating in a research note on Monday, November 24th.

Insider Transactions at H. B. Fuller

In other H. B. Fuller news, VP Nathan D. Weaver sold 7,075 shares of the stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $58.38, for a total value of $413,038.50. Following the completion of the sale, the vice president owned 9,441 shares in the company, valued at approximately $551,165.58. This trade represents a 42.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO John J. Corkrean sold 14,222 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $60.31, for a total value of $857,728.82. Following the completion of the transaction, the chief financial officer owned 54,646 shares in the company, valued at $3,295,700.26. The trade was a 20.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.99% of the company’s stock.

Institutional Investors Weigh In On H. B. Fuller

Large investors have recently made changes to their positions in the business. Cooke & Bieler LP grew its position in H. B. Fuller by 94.9% during the third quarter. Cooke & Bieler LP now owns 1,481,030 shares of the specialty chemicals company’s stock valued at $87,795,000 after buying an additional 721,100 shares during the period. Norges Bank purchased a new position in H. B. Fuller in the second quarter valued at about $40,584,000. UBS Group AG grew its position in shares of H. B. Fuller by 200.8% during the 3rd quarter. UBS Group AG now owns 820,871 shares of the specialty chemicals company’s stock valued at $48,661,000 after acquiring an additional 548,017 shares during the period. Cramer Rosenthal Mcglynn LLC increased its stake in shares of H. B. Fuller by 287.2% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 371,650 shares of the specialty chemicals company’s stock worth $22,031,000 after purchasing an additional 275,654 shares during the last quarter. Finally, Kennedy Capital Management LLC raised its holdings in shares of H. B. Fuller by 131.2% in the 3rd quarter. Kennedy Capital Management LLC now owns 439,444 shares of the specialty chemicals company’s stock worth $26,050,000 after purchasing an additional 249,350 shares during the period. 95.93% of the stock is owned by hedge funds and other institutional investors.

H. B. Fuller Stock Performance

FUL opened at $60.41 on Friday. H. B. Fuller has a 1-year low of $47.56 and a 1-year high of $65.36. The company has a market cap of $3.27 billion, a price-to-earnings ratio of 32.65, a PEG ratio of 0.98 and a beta of 1.10. The company’s fifty day moving average price is $58.66 and its two-hundred day moving average price is $59.36. The company has a current ratio of 1.93, a quick ratio of 1.18 and a debt-to-equity ratio of 1.06.

H. B. Fuller (NYSE:FUL) last posted its earnings results on Wednesday, April 13th. The specialty chemicals company reported $0.66 EPS for the quarter. H. B. Fuller had a net margin of 3.28% and a return on equity of 11.49%. The company had revenue of $725.90 million during the quarter. H. B. Fuller has set its FY 2022 guidance at $4.100-$4.350 EPS. On average, analysts expect that H. B. Fuller will post 4.07 EPS for the current fiscal year.

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.