H. B. Fuller Company (FUL) Upgraded to “Hold” by Zacks Investment Research
H. B. Fuller Company (NYSE:FUL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Thursday.
According to Zacks, “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. “
Separately, BidaskClub upgraded shares of H. B. Fuller from a “hold” rating to a “buy” rating in a research report on Saturday, June 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $52.40.
Shares of H. B. Fuller (NYSE:FUL) traded down 2.43% during mid-day trading on Thursday, reaching $49.34. 196,224 shares of the company’s stock were exchanged. The company’s 50 day moving average is $51.16 and its 200 day moving average is $51.03. H. B. Fuller has a 1-year low of $41.52 and a 1-year high of $54.32. The stock has a market capitalization of $2.49 billion, a PE ratio of 22.55 and a beta of 1.68.
H. B. Fuller (NYSE:FUL) last issued its earnings results on Wednesday, June 28th. The specialty chemicals company reported $0.62 EPS for the quarter, missing the Zacks’ consensus estimate of $0.67 by $0.05. The business 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 period last year, the business earned $0.67 EPS. Equities research analysts anticipate that H. B. Fuller will post $2.60 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 stock was purchased at an average cost of $51.41 per share, for a total transaction of $49,867.70. Following the completion of the transaction, the vice president now owns 970 shares in the company, valued at $49,867.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.10% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in FUL. Riverhead Capital Management LLC boosted its stake in H. B. Fuller by 42.6% in the second quarter. Riverhead Capital Management LLC now owns 1,996 shares of the specialty chemicals company’s stock valued at $102,000 after buying an additional 596 shares during the last quarter. Tyers Asset Management LLC boosted its stake in H. B. Fuller by 6.6% in the first quarter. Tyers Asset Management LLC now owns 2,064 shares of the specialty chemicals company’s stock valued at $106,000 after buying an additional 128 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in H. B. Fuller by 11.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,154 shares of the specialty chemicals company’s stock valued at $110,000 after buying an additional 218 shares during the last quarter. Point72 Asia Hong Kong Ltd purchased a new stake in H. B. Fuller during the first quarter valued at about $117,000. Finally, Elkfork Partners LLC boosted its stake in H. B. Fuller by 6.6% in the first quarter. Elkfork Partners LLC now owns 2,838 shares of the specialty chemicals company’s stock valued at $146,000 after buying an additional 176 shares during the last quarter. Hedge funds and other institutional investors own 93.70% of the company’s stock.
H. B. Fuller Company Profile
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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