Brokerages Set H. B. Fuller Company (NYSE:FUL) PT at $66.20

Shares of H. B. Fuller Company (NYSE:FUL) have earned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $66.20.

FUL has been the topic of several recent analyst reports. Seaport Res Ptn upgraded H. B. Fuller from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 26th. Weiss Ratings restated a “hold (c)” rating on shares of H. B. Fuller in a research note on Monday, December 29th. Wall Street Zen cut H. B. Fuller from a “buy” rating to a “hold” rating in a research report on Monday, November 24th. UBS Group started coverage on H. B. Fuller in a report on Friday, November 21st. They issued a “neutral” rating and a $60.00 target price for the company. Finally, Citigroup raised shares of H. B. Fuller from a “neutral” rating to a “buy” rating and upped their price target for the stock from $62.00 to $70.00 in a research note on Wednesday, October 22nd.

H. B. Fuller Stock Performance

Shares of FUL opened at $61.64 on Friday. The stock has a market capitalization of $3.33 billion, a P/E ratio of 33.32, a P/E/G ratio of 0.97 and a beta of 1.10. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.18 and a current ratio of 1.93. H. B. Fuller has a 1 year low of $47.56 and a 1 year high of $65.36. The company’s fifty day moving average is $58.69 and its two-hundred day moving average is $59.45.

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

Insider Transactions at H. B. Fuller

In other news, 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 transaction of $857,728.82. Following the sale, the chief financial officer owned 54,646 shares of the company’s stock, valued at $3,295,700.26. The trade was a 20.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Nathan D. Weaver sold 7,075 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The stock was 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 represents a 42.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.99% of the stock is currently owned by insiders.

Institutional Trading of H. B. Fuller

Institutional investors have recently bought and sold shares of the company. Salomon & Ludwin LLC purchased a new position in shares of H. B. Fuller in the third quarter valued at $28,000. Parallel Advisors LLC grew its stake in H. B. Fuller by 141.6% in the 2nd quarter. Parallel Advisors LLC now owns 534 shares of the specialty chemicals company’s stock valued at $32,000 after acquiring an additional 313 shares during the last quarter. Covestor Ltd increased its holdings in H. B. Fuller by 22,833.3% during the 3rd quarter. Covestor Ltd now owns 688 shares of the specialty chemicals company’s stock valued at $41,000 after acquiring an additional 685 shares in the last quarter. TD Waterhouse Canada Inc. acquired a new position in H. B. Fuller during the third quarter worth about $47,000. Finally, AdvisorNet Financial Inc lifted its holdings in shares of H. B. Fuller by 160.8% in the third quarter. AdvisorNet Financial Inc now owns 845 shares of the specialty chemicals company’s stock valued at $50,000 after purchasing an additional 521 shares in the last quarter. 95.93% of the stock is currently owned by hedge funds and other institutional investors.

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.