Citigroup Has Lowered Expectations for H. B. Fuller (NYSE:FUL) Stock Price

H. B. Fuller (NYSE:FUL) had its price objective cut by research analysts at Citigroup from $76.00 to $67.00 in a report released on Thursday,Benzinga reports. The firm currently has a “buy” rating on the specialty chemicals company’s stock. Citigroup’s target price would indicate a potential upside of 36.25% from the stock’s current price.

A number of other research analysts have also recently issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of H. B. Fuller in a research report on Friday, January 16th. Weiss Ratings reissued a “hold (c)” rating on shares of H. B. Fuller in a report on Monday, December 29th. Wall Street Zen raised shares of H. B. Fuller from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Finally, UBS Group set a $66.00 price objective on shares of H. B. Fuller in a research report on Friday, January 16th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $65.50.

H. B. Fuller Stock Down 2.3%

NYSE FUL opened at $49.17 on Thursday. The business has a fifty day moving average price of $61.90 and a two-hundred day moving average price of $60.26. The stock has a market capitalization of $2.68 billion, a PE ratio of 16.39, a PEG ratio of 0.75 and a beta of 1.07. H. B. Fuller has a fifty-two week low of $47.56 and a fifty-two week high of $68.63. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.70 and a quick ratio of 1.06.

H. B. Fuller (NYSE:FUL) last issued its quarterly earnings results on Thursday, January 15th. The specialty chemicals company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $894.79 million for the quarter, compared to analyst estimates of $901.34 million. During the same quarter last year, the company posted $0.92 EPS. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. Equities analysts expect that H. B. Fuller will post 4.07 earnings per share for the current fiscal year.

Institutional Trading of H. B. Fuller

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bleakley Financial Group LLC raised its holdings in H. B. Fuller by 1.5% in the 4th quarter. Bleakley Financial Group LLC now owns 11,687 shares of the specialty chemicals company’s stock valued at $695,000 after buying an additional 168 shares during the last quarter. California State Teachers Retirement System grew its holdings in H. B. Fuller by 0.3% during the 2nd quarter. California State Teachers Retirement System now owns 50,486 shares of the specialty chemicals company’s stock worth $3,037,000 after acquiring an additional 173 shares during the last quarter. Glenmede Investment Management LP grew its holdings in H. B. Fuller by 3.9% during the 3rd quarter. Glenmede Investment Management LP now owns 4,809 shares of the specialty chemicals company’s stock worth $285,000 after acquiring an additional 179 shares during the last quarter. CIBC Asset Management Inc increased its position in H. B. Fuller by 3.6% in the 4th quarter. CIBC Asset Management Inc now owns 5,273 shares of the specialty chemicals company’s stock valued at $314,000 after acquiring an additional 185 shares during the period. Finally, Allworth Financial LP increased its position in H. B. Fuller by 50.1% in the 4th quarter. Allworth Financial LP now owns 578 shares of the specialty chemicals company’s stock valued at $34,000 after acquiring an additional 193 shares during the period. 95.93% of the stock is currently 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.