Citigroup Cuts H.B. Fuller (NYSE:FUL) Price Target to $68.00

H.B. Fuller (NYSE:FUL) had its target price cut by Citigroup from $78.00 to $68.00 in a research report released on Friday morning,Benzinga reports. They currently have a neutral rating on the specialty chemicals company’s stock.

Separately, StockNews.com cut H.B. Fuller from a “buy” rating to a “hold” rating in a research note on Wednesday, September 18th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $90.25.

H.B. Fuller Stock Performance

Shares of FUL stock opened at $62.79 on Friday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.89 and a quick ratio of 1.16. The stock has a market cap of $3.43 billion, a PE ratio of 19.38, a price-to-earnings-growth ratio of 1.24 and a beta of 1.41. The stock has a 50-day moving average of $73.33 and a 200-day moving average of $77.78. H.B. Fuller has a one year low of $61.71 and a one year high of $87.67.

Institutional Trading of H.B. Fuller

Large investors have recently bought and sold shares of the business. Lord Abbett & CO. LLC increased its stake in H.B. Fuller by 79.8% during the 3rd quarter. Lord Abbett & CO. LLC now owns 730,058 shares of the specialty chemicals company’s stock worth $57,952,000 after purchasing an additional 324,056 shares in the last quarter. Geode Capital Management LLC boosted its position in H.B. Fuller by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,258,752 shares of the specialty chemicals company’s stock worth $99,939,000 after acquiring an additional 18,734 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its position in H.B. Fuller by 8.1% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 71,354 shares of the specialty chemicals company’s stock worth $5,491,000 after acquiring an additional 5,356 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of H.B. Fuller by 9.9% in the 2nd quarter. Marshall Wace LLP now owns 290,005 shares of the specialty chemicals company’s stock valued at $22,319,000 after buying an additional 26,239 shares during the last quarter. Finally, S&CO Inc. boosted its holdings in shares of H.B. Fuller by 0.3% in the 3rd quarter. S&CO Inc. now owns 267,192 shares of the specialty chemicals company’s stock valued at $21,209,000 after buying an additional 920 shares during the last quarter. 95.93% of the stock is owned by institutional investors.

About H.B. Fuller

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.