H.B. Fuller (NYSE:FUL) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of H.B. Fuller (NYSE:FUL) from a hold rating to a sell rating in a research note published on Wednesday morning, Zacks.com reports.

According to Zacks, “H.B. Fuller has been a leading global adhesives provider focusing on perfecting adhesives, sealants and other specialty chemical products to improve products and lives. H.B. Fuller’s commitment to innovation brings together people, products and processes that answer and solve some of the world’s biggest challenges. H.B. Fuller adhesives products used in manufacturing common consumer and industrial goods, including food and beverage containers, disposable diapers, windows, doors, flooring, appliances, sportswear, footwear, multi-wall bags, water filtration products, insulation, textiles, automotives, solar energy systems and electronics. H.B. Fuller also provides customers with technical support and unique solutions designed to address their specific needs. H.B. Fuller has established a variety of product offerings for residential construction markets, such as tile-setting adhesives, grout, sealants and related products. “

Several other research firms have also recently weighed in on FUL. Deutsche Bank Aktiengesellschaft upped their price objective on shares of H.B. Fuller from $65.00 to $67.00 and gave the stock a hold rating in a research report on Friday, June 25th. cut shares of H.B. Fuller from a buy rating to a neutral rating and cut their price objective for the stock from $71.00 to $68.00 in a research report on Friday, June 25th. Finally, Citigroup cut shares of H.B. Fuller from a buy rating to a neutral rating in a research report on Friday, June 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Hold and an average target price of $69.50.

Shares of FUL stock opened at $65.72 on Wednesday. The firm has a fifty day moving average of $64.93 and a 200-day moving average of $65.37. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 21.76 and a beta of 1.80. H.B. Fuller has a 52-week low of $43.91 and a 52-week high of $70.58. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.13 and a current ratio of 1.79.

H.B. Fuller (NYSE:FUL) last announced its earnings results on Tuesday, September 21st. The specialty chemicals company reported $0.79 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.79. The company had revenue of $826.83 million during the quarter, compared to analysts’ expectations of $797.40 million. H.B. Fuller had a net margin of 5.33% and a return on equity of 12.76%. H.B. Fuller’s quarterly revenue was up 19.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.76 earnings per share. On average, sell-side analysts predict that H.B. Fuller will post 3.51 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 29th. Shareholders of record on Thursday, July 15th were paid a dividend of $0.1675 per share. This represents a $0.67 annualized dividend and a yield of 1.02%. The ex-dividend date was Wednesday, July 14th. H.B. Fuller’s payout ratio is 23.59%.

In other H.B. Fuller news, CEO James Owens sold 5,000 shares of the business’s stock in a transaction dated Wednesday, June 30th. The stock was sold at an average price of $62.67, for a total transaction of $313,350.00. Following the completion of the transaction, the chief executive officer now owns 198,703 shares of the company’s stock, valued at $12,452,717.01. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have sold 15,000 shares of company stock valued at $975,750. Insiders own 4.19% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. raised its stake in H.B. Fuller by 4,550.2% during the first quarter. Russell Investments Group Ltd. now owns 185,310 shares of the specialty chemicals company’s stock worth $11,656,000 after acquiring an additional 181,325 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of H.B. Fuller by 8.9% in the first quarter. Geode Capital Management LLC now owns 822,389 shares of the specialty chemicals company’s stock valued at $51,736,000 after buying an additional 67,093 shares during the period. California State Teachers Retirement System increased its stake in shares of H.B. Fuller by 0.8% in the first quarter. California State Teachers Retirement System now owns 78,488 shares of the specialty chemicals company’s stock valued at $4,938,000 after buying an additional 633 shares during the period. Wesbanco Bank Inc. acquired a new position in shares of H.B. Fuller in the second quarter valued at approximately $343,000. Finally, Luminus Management LLC acquired a new position in shares of H.B. Fuller in the first quarter valued at approximately $3,176,000. 93.96% of the stock is owned by hedge funds and other institutional investors.

H.B. Fuller Company Profile

H.B. Fuller Co engages in the formulation, manufactures, and markets the adhesives, sealants, and other specialty chemical products. It operates through the following segments: Americas Adhesives, EIMEA, Asia Pacific, Construction Adhesives and Engineering Adhesives. The Americas Adhesives, EIMEA and Asia Pacific segments include a full range of specialty adhesives such as thermoplastic, thermoset, reactive, and water-based and solvent-based products.

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