Published On: Fri, Sep 23rd, 2016

H. B. Fuller Co. (FUL) Price Target Lowered to $47.00 at Deutsche Bank AG

H. B. Fuller Co. (NYSE:FUL) had its target price dropped by investment analysts at Deutsche Bank AG from $50.00 to $47.00 in a research note issued on Friday. The firm presently has a “hold” rating on the stock. Deutsche Bank AG’s price target would suggest a potential upside of 6.38% from the stock’s current price.
Separately, Zacks Investment Research lowered H. B. Fuller from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th.
Shares of H. B. Fuller (NYSE:FUL) traded down 0.826% during midday trading on Friday, hitting $43.815. The stock had a trading volume of 287,586 shares. H. B. Fuller has a 12 month low of $32.49 and a 12 month high of $48.83. The stock’s 50-day moving average is $46.94 and its 200-day moving average is $44.98. The stock has a market cap of $2.20 billion, a PE ratio of 20.379 and a beta of 1.75.

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H. B. Fuller (NYSE:FUL) last released its quarterly earnings results on Wednesday, September 21st. The company reported $0.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by $0.03. H. B. Fuller had a net margin of 5.32% and a return on equity of 13.90%. During the same period in the prior year, the business earned $0.61 EPS. Equities analysts anticipate that H. B. Fuller will post $2.54 EPS for the current year.
In other news, VP Timothy J. Keenan sold 8,037 shares of the business’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $46.03, for a total value of $369,943.11. Following the completion of the transaction, the vice president now owns 22,142 shares in the company, valued at $1,019,196.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James Owens sold 55,048 shares of the business’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $46.43, for a total value of $2,555,878.64. Following the completion of the transaction, the insider now owns 151,293 shares of the company’s stock, valued at approximately $7,024,533.99. The disclosure for this sale can be found here. 3.55% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. Norges Bank purchased a new stake in H. B. Fuller during the fourth quarter worth approximately $15,710,000. Goldman Sachs Group Inc. boosted its stake in H. B. Fuller by 268.6% in the first quarter. Goldman Sachs Group Inc. now owns 414,955 shares of the company’s stock worth $17,615,000 after buying an additional 302,369 shares during the period. Vanguard Group Inc. boosted its stake in H. B. Fuller by 3.4% in the second quarter. Vanguard Group Inc. now owns 4,400,040 shares of the company’s stock worth $193,558,000 after buying an additional 145,591 shares during the period. Dimensional Fund Advisors LP boosted its stake in H. B. Fuller by 8.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,790,936 shares of the company’s stock worth $78,781,000 after buying an additional 144,249 shares during the period. Finally, BlackRock Fund Advisors boosted its stake in H. B. Fuller by 3.4% in the second quarter. BlackRock Fund Advisors now owns 3,331,107 shares of the company’s stock worth $146,535,000 after buying an additional 109,588 shares during the period. Institutional investors own 89.00% of the company’s stock.
H. B. Fuller Company Profile
H.B. Fuller Company is a formulator, manufacturer and marketer of adhesives, sealants and other specialty chemical products. The Company’s segments include Americas Adhesives; Europe, India, Middle East and Africa (EIMEA); Asia Pacific, and Construction Products. The Americas Adhesives segment includes a range of specialty adhesives, such as thermoplastic, thermoset, reactive, and water-based and solvent-based products.

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