H. B. Fuller Company (FUL) Lifted to “Hold” at 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 note issued on Friday.
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. “
A number of other equities analysts have also recently issued reports on the company. BidaskClub raised H. B. Fuller from a “hold” rating to a “buy” rating in a report on Saturday, June 10th. KeyCorp reaffirmed a “hold” rating on shares of H. B. Fuller in a report on Thursday, August 24th. Finally, Deutsche Bank AG upped their target price on H. B. Fuller from $56.00 to $58.00 and gave the stock a “hold” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. H. B. Fuller has a consensus rating of “Hold” and a consensus target price of $54.60.
H. B. Fuller (NYSE:FUL) traded up 0.97% during trading on Friday, reaching $54.20. The company had a trading volume of 499,804 shares. The firm has a market capitalization of $2.74 billion, a PE ratio of 24.77 and a beta of 1.69. H. B. Fuller has a 12-month low of $41.52 and a 12-month high of $55.21. The firm’s 50 day moving average price is $51.07 and its 200 day moving average price is $51.23.
H. B. Fuller (NYSE:FUL) last issued its earnings results on Wednesday, June 28th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by $0.05. H. B. Fuller had a return on equity of 13.32% and a net margin of 5.23%. The firm had revenue of $561.65 million during the quarter. During the same period in the previous year, the firm posted $0.67 earnings per share. Analysts anticipate that H. B. Fuller will post $2.59 earnings per share for the current year.
In related news, VP Dietrich J. Crail purchased 970 shares of H. B. Fuller stock in a transaction on Wednesday, July 12th. The shares were purchased at an average price of $51.41 per share, for a total transaction of $49,867.70. Following the transaction, the vice president now owns 970 shares of the company’s stock, valued at approximately $49,867.70. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 3.10% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in FUL. BlackRock Inc. grew its position in shares of H. B. Fuller by 10,635.2% in the 1st quarter. BlackRock Inc. now owns 6,217,806 shares of the specialty chemicals company’s stock valued at $320,590,000 after buying an additional 6,159,886 shares during the last quarter. Janus Henderson Group PLC bought a new stake in shares of H. B. Fuller in the 2nd quarter valued at about $105,912,000. Janus Capital Management LLC grew its position in shares of H. B. Fuller by 425.6% in the 1st quarter. Janus Capital Management LLC now owns 1,545,716 shares of the specialty chemicals company’s stock valued at $79,697,000 after buying an additional 1,251,620 shares during the last quarter. Champlain Investment Partners LLC grew its position in shares of H. B. Fuller by 53.9% in the 1st quarter. Champlain Investment Partners LLC now owns 1,664,330 shares of the specialty chemicals company’s stock valued at $85,813,000 after buying an additional 582,945 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of H. B. Fuller by 141.0% in the 2nd quarter. Principal Financial Group Inc. now owns 977,899 shares of the specialty chemicals company’s stock valued at $49,980,000 after buying an additional 572,177 shares during the last quarter. Hedge funds and other institutional investors own 93.46% 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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