Today’s Stock On Watch: Could HB Fuller Co Lose its Strength? The Stock Reaches 52-Week High

Today's Stock On Watch: Could HB Fuller Co Lose its Strength? The Stock Reaches 52 Week High

The stock of HB Fuller Co (NYSE:FUL) hit a new 52-week high and has $50.79 target or 4.00% above today’s $48.84 share price. The 6 months bullish chart indicates low risk for the $2.44 billion company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $50.79 price target is reached, the company will be worth $97.60M 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 340,741 shares traded hands or 67.21% up from the average. HB Fuller Co (NYSE:FUL) has risen 7.48% since April 26, 2016 and is uptrending. It has outperformed by 2.22% the S&P500.

Analysts await HB Fuller Co (NYSE:FUL) to report earnings on January, 11. They expect $0.75 earnings per share, up 8.70% or $0.06 from last year’s $0.69 per share. FUL’s profit will be $37.47 million for 16.28 P/E if the $0.75 EPS becomes a reality. After $0.64 actual earnings per share reported by HB Fuller Co for the previous quarter, Wall Street now forecasts 17.19% EPS growth.

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 company was upgraded on Thursday, September 3 by Zacks. The firm earned “Overweight” rating on Monday, March 28 by JP Morgan. On Thursday, September 29 the stock rating was initiated by Citigroup with “Buy”. The company was downgraded on Thursday, April 21 by Deutsche Bank. Deutsche Bank maintained it with “Buy” rating and $40 target price in Friday, September 25 report. The stock of HB Fuller Co (NYSE:FUL) has “Buy” rating given on Monday, September 26 by Seaport Global Securities. The company was maintained on Monday, March 28 by Deutsche Bank. The firm earned “Sell” rating on Friday, August 28 by Zacks. The stock of HB Fuller Co (NYSE:FUL) has “Hold” rating given on Friday, June 24 by Deutsche Bank.

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 decreased to 1.06 in Q2 2016. Its down 0.69, from 1.75 in 2016Q1. The ratio fall, 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.
Huntington Financial Bank accumulated 37 shares or 0% of the stock. State Of Wisconsin Invest Board, a Wisconsin-based fund reported 239,856 shares. Moreover, Keybank Natl Association Oh has 0.01% invested in HB Fuller Co (NYSE:FUL) for 38,305 shares. Pnc Finance Services Grp Inc has invested 0% of its portfolio in HB Fuller Co (NYSE:FUL). Peak6 Limited Partnership reported 6,481 shares or 0% of all its holdings. Pacad Investment Ltd reported 1,800 shares or 0.01% of all its holdings. Old Natl Bancorp In, a Indiana-based fund reported 10,282 shares. The New York-based Ny State Common Retirement Fund has invested 0% in HB Fuller Co (NYSE:FUL). Systematic Mngmt Limited Partnership holds 39,530 shares or 0.02% of its portfolio. Moreover, New York State Teachers Retirement has 0.02% invested in HB Fuller Co (NYSE:FUL) for 129,710 shares. Blackrock Advsrs Ltd Co holds 23,449 shares or 0% of its portfolio. Moreover, Adams Diversified Equity Fund Inc has 0.02% invested in HB Fuller Co (NYSE:FUL) for 8,300 shares. California Public Employees Retirement Systems holds 0.01% of its portfolio in HB Fuller Co (NYSE:FUL) for 143,400 shares. Louisiana State Employees Retirement Systems holds 0.05% of its portfolio in HB Fuller Co (NYSE:FUL) for 22,100 shares. Morgan Stanley accumulated 0% or 145,882 shares.

Insider Transactions: Since July 27, 2016, the stock had 0 insider purchases, and 5 insider sales for $5.60 million net activity. $1.16M worth of HB Fuller Co (NYSE:FUL) was sold by GIERTZ JAMES R. Owens James sold $2.56 million worth of stock. Shares for $370,419 were sold by Keenan Timothy J on Wednesday, November 9.

More notable 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 with their article: “HB Fuller wins case against Accenture” published on November 12, 2015, Dividend.com published: “HB Fuller Co. (FUL)” on July 09, 2008. More interesting news about HB Fuller Co (NYSE:FUL) were released by: Startribune.com and their article: “CEO Pay Watch: James Owens, HB Fuller Co.” published on March 01, 2014 as well as Startribune.com‘s news article titled: “HB Fuller to acquire 95% of Chinese adhesives firm for $230M” with publication date: June 26, 2014.

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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