Wall Street Zen Upgrades H. B. Fuller (NYSE:FUL) to Buy

Key Points

• Wall Street Zen upgraded H. B. Fuller from a "hold" to a "buy" rating, indicating a positive outlook for the company.
• A number of research firms have raised their target prices for H. B. Fuller, with Robert W. Baird setting a new target of $75.00.
• The stock has a consensus rating of "Moderate Buy," and institutional investors own 95.93% of the shares, reflecting strong institutional confidence.

H. B. Fuller (NYSE:FUL - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday.

A number of other research firms have also issued reports on FUL. Robert W. Baird raised their target price on shares of H. B. Fuller from $60.00 to $75.00 and gave the company an "outperform" rating in a research note on Friday, June 27th. Citigroup upgraded shares of H. B. Fuller from a "neutral" rating to a "buy" rating and raised their target price for the company from $62.00 to $70.00 in a research note on Wednesday. JPMorgan Chase & Co. raised their target price 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. Weiss Ratings reiterated a "hold (c)" rating on shares of H. B. Fuller in a research note on Tuesday, October 14th. Finally, Seaport Res Ptn upgraded shares of H. B. Fuller from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 26th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $67.75.

H. B. Fuller Price Performance

Shares of FUL opened at $61.47 on Friday. The firm has a market cap of $3.32 billion, a PE ratio of 33.22, a PEG ratio of 1.09 and a beta of 1.12. The firm's 50 day moving average price is $60.12 and its 200 day moving average price is $57.91. 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 twelve month low of $47.56 and a twelve month high of $80.15.

H. B. Fuller (NYSE:FUL - Get Free Report) last issued 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. As a group, research analysts expect that H. B. Fuller will post 4.07 EPS for the current fiscal year.

Insider Activity at H. B. Fuller

In other news, VP Joao Magalhaes sold 1,099 shares of the company's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $56.31, for a total value of $61,884.69. Following the completion of 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 legal filing with the SEC, which is available through this hyperlink. 1.99% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On H. B. Fuller

Institutional investors and hedge funds have recently modified their holdings of the business. Salomon & Ludwin LLC acquired a new position in shares of H. B. Fuller in the 3rd quarter valued at approximately $28,000. Parallel Advisors LLC boosted its position in H. B. Fuller by 141.6% during the 2nd quarter. Parallel Advisors LLC now owns 534 shares of the specialty chemicals company's stock worth $32,000 after acquiring an additional 313 shares during the last quarter. AdvisorNet Financial Inc boosted its position in H. B. Fuller by 160.8% during the 3rd quarter. AdvisorNet Financial Inc now owns 845 shares of the specialty chemicals company's stock worth $50,000 after acquiring an additional 521 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in H. B. Fuller by 129.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,218 shares of the specialty chemicals company's stock worth $73,000 after acquiring an additional 688 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in H. B. Fuller by 44.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,307 shares of the specialty chemicals company's stock worth $81,000 after acquiring an additional 402 shares during the last quarter. 95.93% of the stock is currently owned by institutional investors and hedge funds.

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.

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