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

H. B. Fuller (NYSE:FUL) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

A number of other analysts also recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of H. B. Fuller in a report on Monday, December 29th. Citigroup lifted their price target on shares of H. B. Fuller from $70.00 to $76.00 and gave the company a “buy” rating in a research note on Friday, January 16th. UBS Group set a $66.00 target price on shares of H. B. Fuller in a research note on Friday, January 16th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of H. B. Fuller in a research report on Friday, January 16th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $67.75.

H. B. Fuller Stock Performance

Shares of H. B. Fuller stock opened at $67.43 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.70 and a quick ratio of 1.06. The firm has a market cap of $3.66 billion, a price-to-earnings ratio of 22.48, a price-to-earnings-growth ratio of 1.00 and a beta of 1.10. The stock’s 50-day moving average is $61.72 and its 200-day moving average is $59.91. H. B. Fuller has a one year low of $47.56 and a one year high of $68.63.

H. B. Fuller (NYSE:FUL) last posted its quarterly earnings data on Thursday, January 15th. The specialty chemicals company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.04. H. B. Fuller had a return on equity of 12.21% and a net margin of 4.38%.The business had revenue of $894.79 million during the quarter, compared to the consensus estimate of $901.34 million. During the same period last year, the company earned $0.92 earnings per share. H. B. Fuller’s quarterly revenue was down 3.1% on a year-over-year basis. Equities analysts predict that H. B. Fuller will post 4.07 earnings per share for the current fiscal year.

Hedge Funds Weigh In On H. B. Fuller

Several large investors have recently modified their holdings of the stock. Salomon & Ludwin LLC bought a new position in H. B. Fuller in the 3rd quarter valued at about $28,000. Allworth Financial LP grew its position in shares of H. B. Fuller by 50.1% in the fourth quarter. Allworth Financial LP now owns 578 shares of the specialty chemicals company’s stock valued at $34,000 after purchasing an additional 193 shares during the last quarter. Covestor Ltd increased its stake in shares of H. B. Fuller by 22,833.3% during the third quarter. Covestor Ltd now owns 688 shares of the specialty chemicals company’s stock worth $41,000 after purchasing an additional 685 shares during the period. Hantz Financial Services Inc. lifted its holdings in H. B. Fuller by 432.9% during the 4th quarter. Hantz Financial Services Inc. now owns 778 shares of the specialty chemicals company’s stock worth $46,000 after purchasing an additional 632 shares during the last quarter. Finally, TD Waterhouse Canada Inc. bought a new stake in H. B. Fuller in the 3rd quarter valued at $47,000. 95.93% of the stock is owned by institutional investors.

About H. B. Fuller

H. B. Fuller Company, founded in 1887 and headquartered in St. Paul, Minnesota, is a global adhesives and specialty chemical solutions provider serving a wide array of industries. The company develops, manufactures and markets adhesive technologies, sealants, polymers and related chemical products designed to enhance product performance, sustainability and manufacturing efficiency.

Fuller’s product portfolio spans multiple market segments, including packaging and converting, general industrial assembly, electronics, transportation, hygiene and construction.