Short Interest in H.B. Fuller (NYSE:FUL) Rises By 9.1%

H.B. Fuller (NYSE:FUL) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totalling 1,320,000 shares, an increase of 9.1% from the November 30th total of 1,210,000 shares. Based on an average daily volume of 301,700 shares, the short-interest ratio is presently 4.4 days.

H.B. Fuller Trading Up 0.6 %

Shares of NYSE:FUL opened at $67.48 on Thursday. The company has a quick ratio of 1.16, a current ratio of 1.89 and a debt-to-equity ratio of 1.10. H.B. Fuller has a 12-month low of $66.46 and a 12-month high of $87.67. The firm has a fifty day moving average of $73.82 and a two-hundred day moving average of $78.02. The firm has a market capitalization of $3.69 billion, a P/E ratio of 20.83, a price-to-earnings-growth ratio of 1.24 and a beta of 1.41.

Analysts Set New Price Targets

A number of brokerages have issued reports on FUL. Citigroup decreased their target price on shares of H.B. Fuller from $85.00 to $78.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. StockNews.com lowered shares of H.B. Fuller from a “buy” rating to a “hold” rating in a research note on Wednesday, September 18th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $92.75.

Institutional Investors Weigh In On H.B. Fuller

Institutional investors and hedge funds have recently modified their holdings of the business. Dorsey & Whitney Trust CO LLC lifted its stake in shares of 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 purchasing an additional 5,356 shares during the last quarter. S&CO Inc. lifted its stake in shares of H.B. Fuller by 0.3% in the 3rd 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 during the last quarter. Marshall Wace LLP lifted its stake in shares of H.B. Fuller by 9.9% in the 2nd quarter. Marshall Wace LLP now owns 290,005 shares of the specialty chemicals company’s stock valued at $22,319,000 after purchasing an additional 26,239 shares during the last quarter. Bank of New York Mellon Corp lifted 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 purchasing an additional 7,292 shares during the last quarter. Finally, Lord Abbett & CO. LLC lifted its stake in shares of H.B. Fuller by 79.8% in the 3rd quarter. Lord Abbett & CO. LLC now owns 730,058 shares of the specialty chemicals company’s stock valued at $57,952,000 after purchasing an additional 324,056 shares during the last quarter. Institutional investors and hedge funds own 95.93% of the company’s stock.

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.