H. B. Fuller (NYSE:FUL) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen cut shares of H. B. Fuller (NYSE:FUL) from a buy rating to a hold rating in a report issued on Saturday.

FUL has been the topic of several other reports. UBS Group set a $66.00 target price on shares of H. B. Fuller in a research report on Friday, January 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of H. B. Fuller in a research report on Friday, January 16th. Weiss Ratings restated a “hold (c)” rating on shares of H. B. Fuller in a report on Monday, December 29th. Finally, Citigroup lowered their target price on H. B. Fuller from $76.00 to $67.00 and set a “buy” rating on the stock in a research note on Thursday. Three 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $65.50.

H. B. Fuller Trading Down 2.3%

Shares of NYSE:FUL opened at $49.17 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.06 and a current ratio of 1.70. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of 16.39, a PEG ratio of 0.74 and a beta of 1.07. H. B. Fuller has a 1-year low of $47.56 and a 1-year high of $68.63. The company has a 50 day moving average price of $61.90 and a 200 day moving average price of $60.26.

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

H. B. Fuller Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Thursday, February 5th were issued a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a yield of 1.9%. The ex-dividend date was Thursday, February 5th. H. B. Fuller’s dividend payout ratio (DPR) is 31.33%.

Institutional Trading of H. B. Fuller

Institutional investors and hedge funds have recently modified their holdings of the company. Bayban acquired a new position in shares of H. B. Fuller during the 4th quarter worth about $156,000. Caitong International Asset Management Co. Ltd grew its holdings in H. B. Fuller by 510.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,466 shares of the specialty chemicals company’s stock valued at $87,000 after buying an additional 1,226 shares during the last quarter. DGS Capital Management LLC bought a new position in H. B. Fuller in the 4th quarter worth approximately $204,000. Invesco Ltd. increased its position in H. B. Fuller by 1.4% in the 4th quarter. Invesco Ltd. now owns 152,960 shares of the specialty chemicals company’s stock worth $9,095,000 after buying an additional 2,042 shares during the period. Finally, Mercer Global Advisors Inc. ADV lifted its holdings in shares of H. B. Fuller by 92.7% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,433 shares of the specialty chemicals company’s stock worth $442,000 after buying an additional 3,575 shares during the last quarter. 95.93% of the stock is currently 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.