JPMorgan Chase & Co. Forecasts Strong Price Appreciation for H. B. Fuller (NYSE:FUL) Stock

H. B. Fuller (NYSE:FUL) had its target price increased by stock analysts at JPMorgan Chase & Co. from $50.00 to $54.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “underweight” rating on the specialty chemicals company’s stock. JPMorgan Chase & Co.‘s price objective points to a potential downside of 12.71% from the company’s previous close.

A number of other analysts have also commented on FUL. Seaport Res Ptn lowered shares of H. B. Fuller from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Baird R W raised shares of H. B. Fuller from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 17th. Finally, Robert W. Baird raised shares of H. B. Fuller from a “neutral” rating to an “outperform” rating and set a $60.00 price objective for the company in a research note on Thursday, April 17th. One equities 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 assigned a strong buy rating to the company. According to data from MarketBeat, H. B. Fuller currently 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. H. B. Fuller has a twelve month low of $47.56 and a twelve month high of $87.67. 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 company has a 50-day moving average of $55.47 and a 200-day moving average of $58.28. The firm has a market cap of $3.35 billion, a price-to-earnings 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 quarterly earnings data 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 company had revenue of $898.10 million during the quarter, compared to analyst estimates of $894.87 million. During the same quarter last year, the firm posted $1.12 EPS. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. Analysts forecast 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 purchased 3,500 shares of H. B. Fuller stock in a transaction dated Tuesday, April 1st. The stock was 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 directly owns 3,500 shares of the company’s stock, valued at $198,310. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.99% of the stock is owned by insiders.

Institutional Trading of H. B. Fuller

A number of hedge funds have recently made changes to their positions in FUL. Jones Financial Companies Lllp lifted 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 purchasing an additional 506 shares in the last quarter. Sterling Capital Management LLC lifted 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 purchasing an additional 1,104 shares in the last quarter. Strs Ohio purchased a new stake in shares of H. B. Fuller in the first quarter worth approximately $101,000. Quantbot Technologies LP purchased a new stake in shares of H. B. Fuller in the fourth quarter worth approximately $266,000. Finally, Neuberger Berman Group LLC lifted 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 purchasing an additional 1,323 shares in the last quarter. 95.93% of the stock is owned by hedge funds and other institutional investors.

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.