H.B. Fuller (NYSE:FUL) Price Target Lowered to $78.00 at Citigroup

H.B. Fuller (NYSE:FUL) had its price objective decreased by equities researchers at Citigroup from $85.00 to $78.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the specialty chemicals company’s stock. Citigroup’s price target points to a potential upside of 12.96% from the stock’s current price.

Separately, StockNews.com downgraded H.B. Fuller from a “buy” rating to a “hold” rating in a report on Wednesday, September 18th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $92.75.

H.B. Fuller Stock Down 1.1 %

Shares of NYSE FUL opened at $69.05 on Wednesday. H.B. Fuller has a 52-week low of $68.81 and a 52-week high of $87.67. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.16 and a current ratio of 1.89. The business has a fifty day moving average of $75.69 and a two-hundred day moving average of $78.61. The stock has a market cap of $3.77 billion, a PE ratio of 21.31, a PEG ratio of 1.25 and a beta of 1.41.

H.B. Fuller (NYSE:FUL) last announced its earnings results on Wednesday, September 25th. The specialty chemicals company reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.10). The firm had revenue of $917.93 million for the quarter, compared to analyst estimates of $944.04 million. H.B. Fuller had a return on equity of 13.39% and a net margin of 5.15%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.06 EPS. As a group, equities research analysts expect that H.B. Fuller will post 4.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On H.B. Fuller

A number of large investors have recently modified their holdings of FUL. S&CO Inc. increased its holdings in shares of H.B. Fuller by 0.3% in the third quarter. S&CO Inc. now owns 267,192 shares of the specialty chemicals company’s stock valued at $21,209,000 after purchasing an additional 920 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in H.B. Fuller by 3.1% during the 2nd quarter. New York State Teachers Retirement System now owns 88,348 shares of the specialty chemicals company’s stock worth $6,799,000 after buying an additional 2,694 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its position in H.B. Fuller by 8.1% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 71,354 shares of the specialty chemicals company’s stock valued at $5,491,000 after buying an additional 5,356 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of H.B. Fuller by 1.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 525,731 shares of the specialty chemicals company’s stock valued at $40,460,000 after buying an additional 7,292 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of H.B. Fuller by 1.5% during the third quarter. Geode Capital Management LLC now owns 1,258,752 shares of the specialty chemicals company’s stock worth $99,939,000 after acquiring an additional 18,734 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.