H. B. Fuller's (FUL) Hold (C) Rating Reiterated at Weiss Ratings

Key Points

• Weiss Ratings has reaffirmed a "hold (c)" rating for H. B. Fuller (NYSE: FUL), indicating a cautious outlook for investors.
• Analysts have varying price targets for H. B. Fuller, with Robert W. Baird raising its target from $60.00 to $75.00, while Citigroup reduced theirs from $70.00 to $62.00.
• The company's stock currently trades at $58.46, with an average rating of "Moderate Buy" and a consensus target price of $65.75.

H. B. Fuller (NYSE:FUL - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by analysts at Weiss Ratings in a note issued to investors on Tuesday,Weiss Ratings reports.

Several other equities analysts have also weighed in on FUL. Robert W. Baird boosted their target price on shares of H. B. Fuller from $60.00 to $75.00 and gave the company an "outperform" rating in a report on Friday, June 27th. Seaport Res Ptn raised shares of H. B. Fuller from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 26th. Citigroup reduced their price target on shares of H. B. Fuller from $70.00 to $62.00 and set a "neutral" rating on the stock in a research note on Friday, September 26th. Finally, JPMorgan Chase & Co. boosted their price target on shares of H. B. Fuller from $50.00 to $54.00 and gave the company an "underweight" rating in a research note on Friday, June 27th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $65.75.

H. B. Fuller Price Performance

Shares of NYSE:FUL traded up $0.48 during midday trading on Tuesday, hitting $58.46. The company's stock had a trading volume of 41,646 shares, compared to its average volume of 463,614. The business's 50 day simple moving average is $59.75 and its 200 day simple moving average is $57.61. 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 $3.16 billion, a P/E ratio of 31.64, a price-to-earnings-growth ratio of 1.03 and a beta of 1.12. H. B. Fuller has a 12-month low of $47.56 and a 12-month high of $81.03.

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

Insiders Place Their Bets

In related news, VP Joao Magalhaes sold 1,099 shares of the company's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $56.31, for a total transaction of $61,884.69. Following the sale, the vice president directly owned 3,285 shares of the company's stock, valued at $184,978.35. This represents a 25.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.99% of the stock is currently owned by insiders.

Institutional Investors Weigh In On H. B. Fuller

Several large investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System increased its stake in H. B. Fuller by 0.3% during the 2nd quarter. California State Teachers Retirement System now owns 50,486 shares of the specialty chemicals company's stock worth $3,037,000 after buying an additional 173 shares during the period. Teacher Retirement System of Texas increased its stake in H. B. Fuller by 3.1% during the 2nd quarter. Teacher Retirement System of Texas now owns 8,232 shares of the specialty chemicals company's stock worth $495,000 after buying an additional 246 shares during the period. Cerity Partners LLC grew its holdings in H. B. Fuller by 2.3% during the 2nd quarter. Cerity Partners LLC now owns 11,499 shares of the specialty chemicals company's stock worth $692,000 after acquiring an additional 261 shares in the last quarter. Signaturefd LLC grew its holdings in H. B. Fuller by 20.5% during the 2nd quarter. Signaturefd LLC now owns 1,743 shares of the specialty chemicals company's stock worth $105,000 after acquiring an additional 297 shares in the last quarter. Finally, Corient Private Wealth LLC grew its holdings in H. B. Fuller by 1.3% during the 2nd quarter. Corient Private Wealth LLC now owns 23,835 shares of the specialty chemicals company's stock worth $1,434,000 after acquiring an additional 303 shares in the last quarter. 95.93% of the stock is owned by hedge funds and other institutional investors.

About H. B. Fuller

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products. It operates through three segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Construction Adhesives.

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