H. B. Fuller Company (FUL) Rating Increased 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 report 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 analysts also recently commented on FUL. BidaskClub upgraded shares of H. B. Fuller from a “hold” rating to a “buy” rating in a report on Saturday, June 10th. KeyCorp reiterated a “hold” rating on shares of H. B. Fuller in a report on Thursday, August 24th. Finally, Deutsche Bank AG boosted their target price on shares of H. B. Fuller from $56.00 to $58.00 and gave the stock a “hold” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $54.60.
H. B. Fuller (NYSE FUL) traded up 0.97% on Friday, reaching $54.20. 499,804 shares of the company traded hands. The company has a 50-day moving average price of $51.07 and a 200-day moving average price of $51.23. H. B. Fuller has a 12 month low of $41.52 and a 12 month high of $55.21. The company has a market capitalization of $2.74 billion, a P/E ratio of 24.77 and a beta of 1.69.
H. B. Fuller (NYSE:FUL) last released its quarterly earnings results on Wednesday, June 28th. The specialty chemicals company reported $0.62 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 company had revenue of $561.65 million for the quarter. During the same quarter last year, the business earned $0.67 EPS. Equities research analysts expect that H. B. Fuller will post $2.59 EPS for the current year.
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In other H. B. Fuller news, VP Dietrich J. Crail bought 970 shares of the firm’s stock in a transaction on Wednesday, July 12th. The stock was bought at an average cost of $51.41 per share, with a total value of $49,867.70. Following the completion of the transaction, the vice president now directly owns 970 shares of the company’s stock, valued at approximately $49,867.70. The purchase was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 3.10% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Riverhead Capital Management LLC lifted its stake in shares of 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 worth $102,000 after buying an additional 596 shares during the last quarter. Tyers Asset Management LLC lifted its stake in shares of 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 worth $106,000 after buying an additional 128 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of 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 worth $110,000 after buying an additional 218 shares during the last quarter. Point72 Asia Hong Kong Ltd acquired a new stake in shares of H. B. Fuller in the first quarter worth $117,000. Finally, Elkfork Partners LLC lifted its stake in shares of 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 worth $146,000 after buying an additional 176 shares during the last quarter. 93.46% of the stock is owned by institutional investors.
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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