Zacks Investment Research Upgrades H. B. Fuller Company (FUL) to Hold
Zacks Investment Research upgraded shares of H. B. Fuller Company (NYSE:FUL) from a sell rating to a hold rating in a research note issued to investors 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 analysts have also commented on the stock. Robert W. Baird began coverage on shares of H. B. Fuller in a research report on Thursday, September 14th. They issued a neutral rating and a $60.00 price objective on the stock. Deutsche Bank AG lifted their price objective on shares of H. B. Fuller from $56.00 to $58.00 and gave the stock a hold rating in a research report on Wednesday, September 6th. KeyCorp reaffirmed a hold rating on shares of H. B. Fuller in a research report on Thursday, August 24th. Finally, BidaskClub lowered shares of H. B. Fuller from a hold rating to a sell rating in a research report on Saturday, August 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. H. B. Fuller currently has a consensus rating of Hold and an average price target of $57.40.
Shares of H. B. Fuller (NYSE:FUL) opened at 56.99 on Wednesday. The stock has a 50 day moving average of $55.24 and a 200-day moving average of $52.34. The company has a market capitalization of $2.87 billion, a PE ratio of 27.95 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.
H. B. Fuller (NYSE:FUL) last released its quarterly earnings results on Wednesday, September 27th. The specialty chemicals company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $562.87 million for the quarter, compared to the consensus estimate of $553.66 million. On average, equities analysts forecast that H. B. Fuller will post $2.60 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 2nd. Shareholders of record on Thursday, October 19th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Wednesday, October 18th. H. B. Fuller’s dividend payout ratio is 29.41%.
In other news, VP Traci L. Jensen sold 5,397 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $58.40, for a total value of $315,184.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 3.10% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Riverhead Capital Management LLC raised its position 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 valued at $102,000 after purchasing an additional 596 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position 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 valued at $110,000 after purchasing an additional 218 shares during the period. Point72 Asia Hong Kong Ltd bought a new stake in shares of H. B. Fuller in the first quarter valued at approximately $117,000. Public Employees Retirement System of Ohio raised its position in shares of H. B. Fuller by 5.4% in the second quarter. Public Employees Retirement System of Ohio now owns 3,339 shares of the specialty chemicals company’s stock valued at $171,000 after purchasing an additional 172 shares during the period. Finally, Suntrust Banks Inc. bought a new stake in shares of H. B. Fuller in the second quarter valued at approximately $202,000. 92.74% of the stock is currently owned by institutional investors.
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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