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

H.B. Fuller (NYSE:FUL) had its price objective decreased by stock analysts at Citigroup from $85.00 to $78.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the specialty chemicals company’s stock. Citigroup’s price target indicates a potential upside of 8.20% from the company’s previous close.

Separately, 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 analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, H.B. Fuller has a consensus rating of “Hold” and a consensus price target of $92.75.

H.B. Fuller Trading Up 0.2 %

NYSE FUL traded up $0.12 during trading hours on Wednesday, reaching $72.09. The company had a trading volume of 29,149 shares, compared to its average volume of 297,056. The stock has a 50-day moving average of $76.04 and a 200 day moving average of $78.74. H.B. Fuller has a 1-year low of $71.51 and a 1-year high of $87.67. The company has a current ratio of 1.89, a quick ratio of 1.16 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $3.94 billion, a P/E ratio of 22.25, a price-to-earnings-growth ratio of 1.25 and a beta of 1.41.

H.B. Fuller (NYSE:FUL) last posted its earnings results on Wednesday, September 25th. The specialty chemicals company reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.10). The company had revenue of $917.93 million during the quarter, compared to analyst estimates of $944.04 million. H.B. Fuller had a net margin of 5.15% and a return on equity of 13.39%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.06 EPS. As a group, research analysts anticipate that H.B. Fuller will post 4.17 earnings per share for the current fiscal year.

Institutional Trading of H.B. Fuller

A number of large investors have recently made changes to their positions in FUL. Dorsey & Whitney Trust CO LLC increased its stake in shares of H.B. Fuller by 8.1% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 71,354 shares of the specialty chemicals company’s stock worth $5,491,000 after buying an additional 5,356 shares during the period. New York State Teachers Retirement System boosted its holdings in H.B. Fuller by 3.1% in the second quarter. New York State Teachers Retirement System now owns 88,348 shares of the specialty chemicals company’s stock valued at $6,799,000 after purchasing an additional 2,694 shares in the last quarter. S&CO Inc. boosted its holdings in H.B. Fuller by 0.3% in the third 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 in the last quarter. Marshall Wace LLP boosted its holdings in H.B. Fuller by 9.9% in the second 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 in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in H.B. Fuller by 1.4% in the second 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 in the last quarter. 95.93% of the stock is currently 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.