H. B. Fuller Company (FUL) Downgraded by Zacks Investment Research to “Sell”
H. B. Fuller Company (NYSE:FUL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released 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 recently commented on FUL. BidaskClub upgraded H. B. Fuller from a “hold” rating to a “buy” rating in a research report on Saturday, June 10th. KeyCorp reissued a “hold” rating on shares of H. B. Fuller in a research note on Thursday, August 24th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. H. B. Fuller has a consensus rating of “Hold” and an average target price of $52.40.
H. B. Fuller (NYSE FUL) traded down 1.65% on Wednesday, hitting $49.98. 437,911 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $50.98 and a 200-day moving average price of $51.06. H. B. Fuller has a 12 month low of $41.52 and a 12 month high of $54.32. The stock has a market cap of $2.53 billion, a P/E ratio of 22.84 and a beta of 1.68.
H. B. Fuller (NYSE:FUL) last issued its quarterly earnings results on Wednesday, June 28th. The specialty chemicals company reported $0.62 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 firm had revenue of $561.65 million for the quarter. During the same period last year, the firm earned $0.67 EPS. Equities analysts predict that H. B. Fuller will post $2.60 earnings per share for the current fiscal year.
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In related news, VP Dietrich J. Crail acquired 970 shares of the stock in a transaction on Wednesday, July 12th. The shares were bought at an average price of $51.41 per share, with a total value of $49,867.70. Following the completion of the purchase, the vice president now owns 970 shares of the company’s stock, valued at approximately $49,867.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.10% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the company. Riverhead Capital Management LLC raised its position in 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 period. Tyers Asset Management LLC raised its position 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 valued at $106,000 after buying an additional 128 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 buying an additional 218 shares during the period. Point72 Asia Hong Kong Ltd acquired a new position in shares of H. B. Fuller during the first quarter valued at approximately $117,000. Finally, Elkfork Partners LLC raised its position 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 valued at $146,000 after buying an additional 176 shares during the period. 93.46% 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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