H. B. Fuller Company (FUL) Downgraded by Zacks Investment Research
Zacks Investment Research lowered shares of H. B. Fuller Company (NYSE:FUL) from a buy rating to a hold rating in a research note published on Friday morning.
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. “
Other equities analysts also recently issued reports about the stock. BidaskClub downgraded shares of H. B. Fuller from a hold rating to a sell rating in a report on Saturday, August 12th. Deutsche Bank AG upped their price target on shares of H. B. Fuller from $56.00 to $58.00 and gave the company a hold rating in a report on Wednesday, September 6th. KeyCorp reiterated a hold rating on shares of H. B. Fuller in a report on Thursday, August 24th. Finally, Robert W. Baird started coverage on shares of H. B. Fuller in a report on Thursday, September 14th. They set a neutral rating and a $60.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of $56.33.
H. B. Fuller (NYSE FUL) opened at 56.00 on Friday. The stock’s 50 day moving average price is $51.73 and its 200-day moving average price is $51.50. H. B. Fuller has a 52 week low of $41.52 and a 52 week high of $56.35. The company has a market capitalization of $2.83 billion, a PE ratio of 25.59 and a beta of 1.69.
H. B. Fuller (NYSE:FUL) last posted its earnings results on Wednesday, June 28th. The specialty chemicals company reported $0.62 earnings per share 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 business had revenue of $561.65 million during the quarter. During the same quarter in the previous year, the business posted $0.67 EPS. On average, equities research analysts predict that H. B. Fuller will post $2.59 earnings per share for the current fiscal year.
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In other news, VP Dietrich J. Crail purchased 970 shares of the business’s stock in a transaction that occurred on Wednesday, July 12th. The shares were bought at an average cost of $51.41 per share, for a total transaction of $49,867.70. Following the acquisition, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.10% of the company’s stock.
Large investors have recently modified their holdings of the stock. Riverhead Capital Management LLC grew its holdings in H. B. Fuller by 42.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,996 shares of the specialty chemicals company’s stock valued at $102,000 after purchasing an additional 596 shares during the last quarter. Tyers Asset Management LLC grew its stake in H. B. Fuller by 6.6% in the 1st quarter. Tyers Asset Management LLC now owns 2,064 shares of the specialty chemicals company’s stock worth $106,000 after acquiring an additional 128 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in H. B. Fuller by 11.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,154 shares of the specialty chemicals company’s stock worth $110,000 after acquiring an additional 218 shares in the last quarter. Point72 Asia Hong Kong Ltd bought a new position in H. B. Fuller in the 1st quarter worth about $117,000. Finally, Elkfork Partners LLC grew its stake in H. B. Fuller by 6.6% in the 1st quarter. Elkfork Partners LLC now owns 2,838 shares of the specialty chemicals company’s stock worth $146,000 after acquiring an additional 176 shares in the last quarter. Institutional investors own 92.37% 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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