Robert W. Baird Forecasts Strong Price Appreciation for H. B. Fuller (NYSE:FUL) Stock

H. B. Fuller (NYSE:FUL) had its price target raised by analysts at Robert W. Baird from $60.00 to $75.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the specialty chemicals company’s stock. Robert W. Baird’s target price would suggest a potential upside of 21.23% from the company’s previous close.

Several other equities analysts also recently weighed in on FUL. Seaport Res Ptn downgraded shares of H. B. Fuller from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Baird R W upgraded shares of H. B. Fuller from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 17th. Finally, JPMorgan Chase & Co. lifted their price target on shares of H. B. Fuller from $50.00 to $54.00 and gave the stock an “underweight” rating in a report on Friday. One research analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $67.25.

H. B. Fuller Stock Performance

NYSE:FUL opened at $61.86 on Friday. The company has a current ratio of 1.97, a quick ratio of 1.21 and a debt-to-equity ratio of 1.23. The firm has a 50-day moving average price of $55.47 and a two-hundred day moving average price of $58.28. H. B. Fuller has a twelve month low of $47.56 and a twelve month high of $87.67. The company has a market capitalization of $3.35 billion, a P/E ratio of 33.44, a price-to-earnings-growth ratio of 0.93 and a beta of 1.12.

H. B. Fuller (NYSE:FUL) last posted its earnings results on Wednesday, June 25th. The specialty chemicals company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.08. H. B. Fuller had a net margin of 2.92% and a return on equity of 11.59%. The firm had revenue of $898.10 million during the quarter, compared to the consensus estimate of $894.87 million. During the same period last year, the firm posted $1.12 EPS. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. As a group, research analysts expect that H. B. Fuller will post 4.07 earnings per share for the current fiscal year.

Insider Transactions at H. B. Fuller

In related news, CEO Celeste Beeks Mastin bought 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The shares were acquired at an average cost of $56.66 per share, with a total value of $198,310.00. Following the completion of the transaction, the chief executive officer now owns 3,500 shares of the company’s stock, valued at approximately $198,310. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.99% of the company’s stock.

Institutional Investors Weigh In On H. B. Fuller

Several hedge funds have recently modified their holdings of FUL. Jones Financial Companies Lllp boosted its position in shares of H. B. Fuller by 128.8% in the fourth quarter. Jones Financial Companies Lllp now owns 899 shares of the specialty chemicals company’s stock worth $61,000 after acquiring an additional 506 shares during the last quarter. Sterling Capital Management LLC boosted its position in shares of H. B. Fuller by 731.1% in the fourth quarter. Sterling Capital Management LLC now owns 1,255 shares of the specialty chemicals company’s stock worth $85,000 after acquiring an additional 1,104 shares during the last quarter. Strs Ohio acquired a new stake in shares of H. B. Fuller in the first quarter worth approximately $101,000. Quantbot Technologies LP acquired a new stake in shares of H. B. Fuller in the fourth quarter worth approximately $266,000. Finally, Neuberger Berman Group LLC boosted its position in shares of H. B. Fuller by 25.4% in the first quarter. Neuberger Berman Group LLC now owns 6,538 shares of the specialty chemicals company’s stock worth $367,000 after acquiring an additional 1,323 shares during the last quarter. 95.93% of the stock is 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.