H. B. Fuller (NYSE:FUL) Rating Lowered to “Hold” at Wall Street Zen

H. B. Fuller (NYSE:FUL) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

FUL has been the topic of a number of other research reports. Citigroup cut their price objective on shares of H. B. Fuller from $76.00 to $67.00 and set a “buy” rating on the stock in a research report on Thursday. UBS Group set a $66.00 target price on shares of H. B. Fuller in a research report on Friday, January 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of H. B. Fuller in a research note on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of H. B. Fuller in a research report on Friday, January 16th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $65.50.

H. B. Fuller Stock Down 2.3%

Shares of H. B. Fuller stock opened at $49.17 on Friday. The firm has a market cap of $2.68 billion, a PE ratio of 16.39, a P/E/G ratio of 0.75 and a beta of 1.07. The business’s 50 day simple moving average is $61.90 and its 200 day simple moving average is $60.26. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.06 and a current ratio of 1.70. H. B. Fuller has a 52-week low of $47.56 and a 52-week high of $68.63.

H. B. Fuller (NYSE:FUL) last released its quarterly earnings results on Thursday, January 15th. The specialty chemicals company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.04. The firm had revenue of $894.79 million during the quarter, compared to the consensus estimate of $901.34 million. H. B. Fuller had a return on equity of 12.21% and a net margin of 4.38%.The business’s revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.92 EPS. On average, analysts predict that H. B. Fuller will post 4.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Strs Ohio acquired a new stake in shares of H. B. Fuller during the first quarter worth $101,000. Geode Capital Management LLC grew its stake in shares of H. B. Fuller by 0.4% in the second quarter. Geode Capital Management LLC now owns 1,286,348 shares of the specialty chemicals company’s stock valued at $77,383,000 after acquiring an additional 5,323 shares in the last quarter. Police & Firemen s Retirement System of New Jersey grew its stake in shares of H. B. Fuller by 3.7% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 12,590 shares of the specialty chemicals company’s stock valued at $757,000 after acquiring an additional 452 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in H. B. Fuller by 6.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,914 shares of the specialty chemicals company’s stock worth $837,000 after acquiring an additional 830 shares during the period. Finally, Creative Planning raised its stake in H. B. Fuller by 47.8% in the 2nd quarter. Creative Planning now owns 32,137 shares of the specialty chemicals company’s stock worth $1,933,000 after purchasing an additional 10,399 shares in the last quarter. 95.93% of the stock is owned by institutional investors and hedge funds.

About H. B. Fuller

H. B. Fuller Company, founded in 1887 and headquartered in St. Paul, Minnesota, is a global adhesives and specialty chemical solutions provider serving a wide array of industries. The company develops, manufactures and markets adhesive technologies, sealants, polymers and related chemical products designed to enhance product performance, sustainability and manufacturing efficiency.

Fuller’s product portfolio spans multiple market segments, including packaging and converting, general industrial assembly, electronics, transportation, hygiene and construction.