Robert W. Baird Increases H. B. Fuller (NYSE:FUL) Price Target to $75.00

H. B. Fuller (NYSE:FUL - Get Free Report) had its price objective boosted by analysts at Robert W. Baird from $60.00 to $75.00 in a report released on Friday,Benzinga reports. The firm currently has an "outperform" rating on the specialty chemicals company's stock. Robert W. Baird's target price suggests a potential upside of 21.37% from the stock's previous close.

FUL has been the subject of a number of other research reports. Seaport Res Ptn downgraded H. B. Fuller from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. JPMorgan Chase & Co. raised their price target on H. B. Fuller from $50.00 to $54.00 and gave the stock an "underweight" rating in a research note on Friday. Finally, Baird R W raised shares of H. B. Fuller from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $67.25.

H. B. Fuller Price Performance

Shares of NYSE:FUL traded down $0.20 on Friday, reaching $61.79. 81,550 shares of the company were exchanged, compared to its average volume of 388,769. The company has a 50-day moving average of $55.31 and a 200-day moving average of $58.48. The company has a current ratio of 1.97, a quick ratio of 1.21 and a debt-to-equity ratio of 1.23. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 33.40, a price-to-earnings-growth ratio of 0.85 and a beta of 1.12. H. B. Fuller has a 1-year low of $47.56 and a 1-year high of $87.67.

H. B. Fuller (NYSE:FUL - Get Free Report) last released its quarterly earnings data on Wednesday, June 25th. The specialty chemicals company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.08. The firm had revenue of $898.10 million during the quarter, compared to the consensus estimate of $894.87 million. H. B. Fuller had a return on equity of 11.59% and a net margin of 2.92%. H. B. Fuller's quarterly revenue was down 2.1% on a year-over-year basis. During the same period last year, the business posted $1.12 EPS. Equities analysts forecast that H. B. Fuller will post 4.07 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Celeste Beeks Mastin purchased 3,500 shares of H. B. Fuller stock in a transaction dated Tuesday, April 1st. The shares were acquired at an average price of $56.66 per share, with a total value of $198,310.00. Following the completion of the transaction, the chief executive officer now owns 3,500 shares of the company's stock, valued at approximately $198,310. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.99% of the company's stock.

Institutional Investors Weigh In On H. B. Fuller

A number of institutional investors have recently made changes to their positions in FUL. Jones Financial Companies Lllp raised its position in shares of H. B. Fuller by 128.8% during the 4th quarter. Jones Financial Companies Lllp now owns 899 shares of the specialty chemicals company's stock worth $61,000 after purchasing an additional 506 shares during the period. Sterling Capital Management LLC lifted its stake in H. B. Fuller by 731.1% in the fourth quarter. Sterling Capital Management LLC now owns 1,255 shares of the specialty chemicals company's stock valued at $85,000 after buying an additional 1,104 shares during the last quarter. Strs Ohio acquired a new position in shares of H. B. Fuller during the first quarter valued at $101,000. Quantbot Technologies LP bought a new position in shares of H. B. Fuller during the fourth quarter worth about $266,000. Finally, Neuberger Berman Group LLC increased its holdings in shares of H. B. Fuller by 25.4% in the 1st quarter. Neuberger Berman Group LLC now owns 6,538 shares of the specialty chemicals company's stock worth $367,000 after acquiring an additional 1,323 shares during the period. 95.93% of the stock is currently owned by institutional investors.

H. B. Fuller Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.