H. B. Fuller Company (NYSE:FUL) hit a new 52-week high on Tuesday . The company traded as high as $55.28 and last traded at $55.33, with a volume of 311,054 shares trading hands. The stock had previously closed at $54.53.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of H. B. Fuller from a “hold” rating to a “sell” rating in a research report on Monday, July 3rd. BidaskClub cut shares of H. B. Fuller from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. KeyCorp reissued a “hold” rating on shares of H. B. Fuller in a research report on Thursday, August 24th. Finally, Deutsche Bank AG upped their target price on shares of H. B. Fuller from $56.00 to $58.00 and gave the company a “hold” rating in a report on Wednesday, September 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $55.60.
The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 25.22 and a beta of 1.69. The company’s 50 day moving average price is $51.06 and its 200 day moving average price is $51.26.
H. B. Fuller (NYSE:FUL) last issued its quarterly earnings data on Wednesday, June 28th. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.05). The firm had revenue of $561.65 million during the quarter. H. B. Fuller had a net margin of 5.23% and a return on equity of 13.32%. During the same quarter in the previous year, the company posted $0.67 EPS. Equities analysts anticipate that H. B. Fuller Company will post $2.59 EPS for the current fiscal year.
In other news, VP Dietrich J. Crail acquired 970 shares of the business’s stock in a transaction that occurred on Wednesday, July 12th. The shares were purchased at an average cost of $51.41 per share, for a total transaction of $49,867.70. Following the transaction, the vice president now directly owns 970 shares in the company, valued at approximately $49,867.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.10% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Riverhead Capital Management LLC raised its position in shares of H. B. Fuller by 42.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,996 shares of the specialty chemicals company’s stock worth $102,000 after buying an additional 596 shares in the last quarter. Tyers Asset Management LLC raised its position in shares of H. B. Fuller by 6.6% during the 1st quarter. Tyers Asset Management LLC now owns 2,064 shares of the specialty chemicals company’s stock worth $106,000 after buying an additional 128 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of H. B. Fuller by 11.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,154 shares of the specialty chemicals company’s stock worth $110,000 after buying an additional 218 shares in the last quarter. Point72 Asia Hong Kong Ltd bought a new stake in shares of H. B. Fuller during the 1st quarter worth about $117,000. Finally, Elkfork Partners LLC raised its position in shares of H. B. Fuller by 6.6% during the 1st quarter. Elkfork Partners LLC now owns 2,838 shares of the specialty chemicals company’s stock worth $146,000 after buying an additional 176 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.
About H. B. Fuller
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, Construction Products and Engineering Adhesives. The Americas Adhesives, EIMEA and Asia Pacific operating segments produce and supply industrial adhesives products for applications in various markets, including durable assembly, nonwoven and hygiene, and textile.
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