H. B. Fuller Company (FUL) Upgraded by Zacks Investment Research to “Hold”
H. B. Fuller Company (NYSE:FUL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday.
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. “
Several other equities analysts have also issued reports on the company. Deutsche Bank AG boosted their price target on H. B. Fuller from $56.00 to $58.00 and gave the company a “hold” rating in a research note on Wednesday, September 6th. Robert W. Baird initiated coverage on H. B. Fuller in a research note on Thursday, September 14th. They issued a “neutral” rating and a $60.00 price target on the stock. BidaskClub lowered H. B. Fuller from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Finally, KeyCorp reaffirmed a “hold” rating on shares of H. B. Fuller in a research report on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $57.40.
H. B. Fuller (FUL) traded down 0.47% during mid-day trading on Wednesday, reaching $56.89. The company had a trading volume of 217,791 shares. The firm has a market capitalization of $2.86 billion, a P/E ratio of 27.90 and a beta of 1.72. H. B. Fuller has a one year low of $41.52 and a one year high of $58.74. The firm’s 50-day moving average is $54.74 and its 200-day moving average is $52.26.
H. B. Fuller (NYSE:FUL) last issued its quarterly earnings results on Wednesday, September 27th. The specialty chemicals company reported $0.65 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.02). H. B. Fuller had a net margin of 4.76% and a return on equity of 13.08%. The business had revenue of $562.87 million during the quarter, compared to analyst estimates of $553.66 million. On average, equities research analysts anticipate that H. B. Fuller will post $2.60 earnings per share for the current fiscal year.
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In related news, VP Traci L. Jensen sold 5,397 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $58.40, for a total transaction of $315,184.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.10% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Phocas Financial Corp. grew its holdings in H. B. Fuller by 55.2% during the second quarter. Phocas Financial Corp. now owns 150,278 shares of the specialty chemicals company’s stock worth $7,681,000 after buying an additional 53,433 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in H. B. Fuller by 5.4% during the second quarter. Public Employees Retirement System of Ohio now owns 3,339 shares of the specialty chemicals company’s stock worth $171,000 after buying an additional 172 shares in the last quarter. Piedmont Investment Advisors LLC bought a new stake in H. B. Fuller during the second quarter worth $558,000. Coldstream Capital Management Inc. bought a new stake in H. B. Fuller during the second quarter worth $632,000. Finally, Daruma Capital Management LLC grew its holdings in H. B. Fuller by 8.2% during the second quarter. Daruma Capital Management LLC now owns 1,003,679 shares of the specialty chemicals company’s stock worth $51,298,000 after buying an additional 76,421 shares in the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.
About H. B. Fuller
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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