Price Don’t Lie: HB Fuller Co Just Reaches 52-Week High?

Price Don't Lie: HB Fuller Co Just Reaches 52 Week High?

The stock of HB Fuller Co (NYSE:FUL) hit a new 52-week high and has $70.19 target or 45.00% above today’s $48.41 share price. The 8 months bullish chart indicates low risk for the $2.47 billion company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $70.19 price target is reached, the company will be worth $1.11B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 87,266 shares traded hands. HB Fuller Co (NYSE:FUL) has risen 8.51% since April 15, 2016 and is uptrending. It has outperformed by 3.89% the S&P500.

HB Fuller Co (NYSE:FUL) Ratings Coverage

Out of 5 analysts covering HB Fuller (NYSE:FUL), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. HB Fuller has been the topic of 10 analyst reports since August 28, 2015 according to StockzIntelligence Inc. The rating was upgraded by Seaport Global Securities to “Buy” on Monday, September 26. Zacks upgraded the stock to “Sell” rating in Friday, August 28 report. The rating was downgraded by Deutsche Bank on Thursday, April 21 to “Hold”. Deutsche Bank maintained HB Fuller Co (NYSE:FUL) rating on Friday, June 24. Deutsche Bank has “Hold” rating and $50 price target. The firm earned “Overweight” rating on Monday, March 28 by JP Morgan. The company was maintained on Monday, March 28 by Deutsche Bank. Citigroup initiated it with “Buy” rating and $53 target price in Thursday, September 29 report. The rating was maintained by Deutsche Bank with “Buy” on Friday, September 25. The rating was upgraded by Zacks to “Hold” on Thursday, September 3.

According to Zacks Investment Research, “H.B. Fuller Company is a worldwide manufacturer and marketer of adhesives, sealants, coatings, paints and other specialty chemical products. The company’s largest worldwide business category is adhesives, sealants and coatings. These products are sold to customers in a wide range of industries, including packaging, woodworking, automotive, aerospace, graphic arts (books/magazines), appliances, filtration, windows, sporting goods, nonwovens, shoes and ceramic tile.”

Insitutional Activity: The institutional sentiment increased to 1.75 in 2016 Q2. Its up 0.09, from 1.66 in 2016Q1. The ratio improved, as 16 funds sold all HB Fuller Co shares owned while 51 reduced positions. 41 funds bought stakes while 76 increased positions. They now own 44.61 million shares or 2.24% less from 45.63 million shares in 2016Q1.
Victory accumulated 1.20M shares or 0.21% of the stock. Commonwealth Equity Ser accumulated 5,014 shares or 0% of the stock. The United Kingdom-based Cantab Capital Prtn Llp has invested 0% in HB Fuller Co (NYSE:FUL). Texas Permanent School Fund, a Texas-based fund reported 38,192 shares. Schwartz Invest Counsel Incorporated holds 55,000 shares or 0.17% of its portfolio. Prudential Financial holds 0.01% or 142,842 shares in its portfolio. The Texas-based Capstone Asset Mgmt has invested 0.02% in HB Fuller Co (NYSE:FUL). Goldman Sachs holds 0.01% or 348,840 shares in its portfolio. Fmr Ltd Limited Liability Company reported 26,000 shares or 0% of all its holdings. Menta Cap Ltd Liability Corporation accumulated 0.06% or 9,125 shares. Capstone Investment Advsrs Ltd Llc last reported 9,700 shares in the company. Arizona State Retirement Systems last reported 25,893 shares in the company. Citigroup Inc has 0% invested in the company for 23,261 shares. Ahl Prns Llp accumulated 52,731 shares or 0.13% of the stock. Tudor Corporation Et Al holds 7,137 shares or 0.01% of its portfolio.

Insider Transactions: Since July 27, 2016, the stock had 0 buys, and 5 selling transactions for $5.60 million net activity. Keenan Timothy J sold $369,955 worth of stock. GIERTZ JAMES R had sold 25,000 shares worth $1.14 million. On Wednesday, July 27 Owens James sold $2.56M worth of the stock or 55,048 shares.

More recent HB Fuller Co (NYSE:FUL) news were published by: Marketwatch.com which released: “HB Fuller stock price target raised to $47 from $44 at Deutsche Bank” on June 23, 2009. Also Startribune.com published the news titled: “HB Fuller wins case against Accenture” on November 12, 2015. Dividend.com‘s news article titled: “HB Fuller Co. (FUL)” with publication date: July 09, 2008 was also an interesting one.

FUL Company Profile

H.B. Fuller Company, incorporated on December 16, 1915, is a formulator, maker and marketer of adhesives, sealants and other specialty chemical products. The Company’s divisions 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 and solvent products. The EIMEA segment consists of an adhesives component with the same range of products as the Americas Adhesives segment. The Asia Pacific segment offers the same products as the American Adhesives segment, and also includes caulks and sealants for the consumer market and professional trade, sold through retailers, primarily in Australia. The Construction Products operating segment provides floor preparation, grouts and mortars for tile setting, as well as sealants and related products for heating, ventilation and air conditioning installations.

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