H.B. Fuller (NYSE:FUL) Given New $68.00 Price Target at Citigroup

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

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

H.B. Fuller Stock Performance

Shares of H.B. Fuller stock opened at $62.79 on Friday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.16 and a current ratio of 1.89. H.B. Fuller has a 1 year low of $61.71 and a 1 year high of $87.67. The firm’s 50-day simple moving average is $73.33 and its 200-day simple moving average is $77.80. The firm 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.

Institutional Trading of H.B. Fuller

Hedge funds have recently added to or reduced their stakes in the business. S&CO Inc. raised its stake in shares of H.B. Fuller by 0.3% during 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. Dorsey & Whitney Trust CO LLC raised its position in shares of 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 buying an additional 5,356 shares in the last quarter. Geode Capital Management LLC raised its position in shares of 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 buying an additional 18,734 shares in the last quarter. Marshall Wace LLP lifted its stake 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 worth $22,319,000 after acquiring an additional 26,239 shares during the period. Finally, Lord Abbett & CO. LLC boosted its holdings in shares of H.B. Fuller by 79.8% in the third quarter. Lord Abbett & CO. LLC now owns 730,058 shares of the specialty chemicals company’s stock valued at $57,952,000 after acquiring an additional 324,056 shares in the last quarter. Institutional investors own 95.93% of the company’s stock.

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.