H. B. Fuller Company (NYSE:FUL) Given Average Recommendation of “Moderate Buy” by Analysts

H. B. Fuller Company (NYSE:FUL) has been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, three have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $66.20.

FUL has been the topic of a number of recent research reports. Seaport Res Ptn upgraded H. B. Fuller from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 26th. Citigroup upgraded shares of H. B. Fuller from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $62.00 to $70.00 in a research report on Wednesday, October 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of H. B. Fuller in a research note on Monday. 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. Finally, UBS Group initiated coverage on H. B. Fuller in a research report on Friday, November 21st. They set a “neutral” rating and a $60.00 price objective for the company.

Insiders Place Their Bets

In other H. B. Fuller news, CFO John J. Corkrean sold 14,222 shares of the business’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $60.31, for a total transaction of $857,728.82. Following the sale, the chief financial officer directly owned 54,646 shares in the company, valued at approximately $3,295,700.26. The trade was a 20.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction of $413,038.50. Following the completion of the sale, the vice president directly owned 9,441 shares of the company’s stock, valued at approximately $551,165.58. This represents a 42.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.99% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On H. B. Fuller

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capital World Investors boosted its stake in H. B. Fuller by 0.5% during the 3rd quarter. Capital World Investors now owns 2,583,213 shares of the specialty chemicals company’s stock valued at $153,133,000 after purchasing an additional 12,720 shares in the last quarter. Cooke & Bieler LP lifted its holdings in shares of H. B. Fuller by 94.9% in 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. Geode Capital Management LLC boosted its stake in H. B. Fuller by 0.4% during the second quarter. Geode Capital Management LLC now owns 1,286,348 shares of the specialty chemicals company’s stock valued at $77,383,000 after buying an additional 5,323 shares in the last quarter. Wellington Management Group LLP grew its holdings in H. B. Fuller by 3.6% during the third quarter. Wellington Management Group LLP now owns 976,005 shares of the specialty chemicals company’s stock worth $57,858,000 after acquiring an additional 33,522 shares during the period. Finally, UBS Group AG grew its holdings in H. B. Fuller by 200.8% during the third quarter. UBS Group AG now owns 820,871 shares of the specialty chemicals company’s stock worth $48,661,000 after acquiring an additional 548,017 shares during the period. Institutional investors own 95.93% of the company’s stock.

H. B. Fuller Trading Down 1.5%

H. B. Fuller stock opened at $59.45 on Friday. H. B. Fuller has a 1 year low of $47.56 and a 1 year high of $68.14. The firm’s 50-day moving average is $58.68 and its 200-day moving average is $59.24. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.18 and a current ratio of 1.93. The company has a market cap of $3.22 billion, a P/E ratio of 32.14, a PEG ratio of 0.96 and a beta of 1.10.

H. B. Fuller (NYSE:FUL) last released its quarterly earnings data 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 firm 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, equities analysts expect that H. B. Fuller will post 4.07 earnings per share for the current 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.