H. B. Fuller Co. (FUL) Now Covered by Citigroup Inc.
Citigroup Inc. began coverage on shares of H. B. Fuller Co. (NYSE:FUL) in a research report issued on Thursday. The brokerage set a “buy” rating and a $53.00 price target on the stock. Citigroup Inc.’s target price points to a potential upside of 14.00% from the company’s current price.
Other analysts have also recently issued research reports about the company. Zacks Investment Research cut H. B. Fuller from a “hold” rating to a “sell” rating in a research report on Wednesday. Seaport Global Securities raised H. B. Fuller from an “accumulate” rating to a “buy” rating and lifted their price target for the stock from $50.00 to $51.00 in a research report on Monday. Finally, Deutsche Bank AG lifted their price target on H. B. Fuller from $47.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday, June 24th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. H. B. Fuller presently has an average rating of “Hold” and an average price target of $50.00.
H. B. Fuller (NYSE:FUL) opened at 46.49 on Thursday. The stock has a market capitalization of $2.34 billion, a PE ratio of 21.62 and a beta of 1.75. The stock’s 50 day moving average price is $46.79 and its 200 day moving average price is $45.18. H. B. Fuller has a 1-year low of $32.49 and a 1-year high of $48.83.
H. B. Fuller (NYSE:FUL) last posted its quarterly earnings data on Wednesday, September 21st. The company reported $0.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.67 by $0.03. H. B. Fuller had a return on equity of 13.66% and a net margin of 5.32%. During the same period last year, the firm posted $0.61 earnings per share. On average, equities research analysts predict that H. B. Fuller will post $2.49 earnings per share for the current fiscal year.
In other H. B. Fuller news, insider James Owens sold 55,048 shares of H. B. Fuller stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $46.43, for a total transaction of $2,555,878.64. Following the completion of the transaction, the insider now owns 151,293 shares in the company, valued at approximately $7,024,533.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Timothy J. Keenan sold 8,037 shares of H. B. Fuller stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $46.03, for a total value of $369,943.11. Following the transaction, the vice president now owns 22,142 shares of the company’s stock, valued at approximately $1,019,196.26. The disclosure for this sale can be found here. Company insiders own 3.55% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. A.R.T. Advisors LLC bought a new position in H. B. Fuller during the first quarter worth $556,000. Envestnet Asset Management Inc. raised its position in H. B. Fuller by 24.7% in the first quarter. Envestnet Asset Management Inc. now owns 3,185 shares of the company’s stock worth $135,000 after buying an additional 630 shares during the last quarter. Mariner Wealth Advisors LLC bought a new position in H. B. Fuller during the first quarter worth $624,000. Geode Capital Management LLC raised its position in H. B. Fuller by 5.7% in the first quarter. Geode Capital Management LLC now owns 330,214 shares of the company’s stock worth $14,017,000 after buying an additional 17,908 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in H. B. Fuller by 268.6% in the first quarter. Goldman Sachs Group Inc. now owns 414,955 shares of the company’s stock worth $17,615,000 after buying an additional 302,369 shares during the last quarter. Institutional investors and hedge funds own 89.00% of the company’s stock.
H. B. Fuller Company Profile
H.B. Fuller Company is a formulator, manufacturer and marketer of adhesives, sealants and other specialty chemical products. The Company’s segments include Americas Adhesives; Europe, India, Middle East and Africa (EIMEA); Asia Pacific, and Construction Products. The Americas Adhesives segment includes a range of specialty adhesives, such as thermoplastic, thermoset, reactive, and water-based and solvent-based products.
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