ValuEngine Downgrades H. B. Fuller Company (FUL) to Hold
H. B. Fuller Company (NYSE:FUL) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Friday.
Other research analysts have also issued research reports about the company. Zacks Investment Research upgraded H. B. Fuller from a “sell” rating to a “hold” rating in a report on Thursday, August 24th. BidaskClub lowered H. B. Fuller from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Robert W. Baird started coverage on H. B. Fuller in a report on Thursday, September 14th. They issued a “neutral” rating and a $60.00 price objective on the stock. Deutsche Bank AG raised their price objective on H. B. Fuller from $56.00 to $58.00 and gave the company a “hold” rating in a report on Wednesday, September 6th. Finally, Citigroup Inc. lowered H. B. Fuller from a “buy” rating to a “neutral” rating and set a $60.00 price objective on the stock. in a report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. H. B. Fuller currently has a consensus rating of “Hold” and an average price target of $57.60.
H. B. Fuller (NYSE:FUL) traded down $1.09 during trading on Friday, reaching $53.66. 490,516 shares of the company were exchanged, compared to its average volume of 313,424. H. B. Fuller has a 1 year low of $45.82 and a 1 year high of $58.74. The firm has a market cap of $2,767.80, a PE ratio of 22.08 and a beta of 1.73. The company has a quick ratio of 1.72, a current ratio of 2.63 and a debt-to-equity ratio of 0.74.
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 (EPS) 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 company had revenue of $562.87 million during the quarter, compared to analyst estimates of $553.66 million. sell-side analysts predict that H. B. Fuller will post 2.6 EPS for the current fiscal year.
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In other news, VP Traci L. Jensen sold 5,397 shares of H. B. Fuller stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $58.40, for a total transaction of $315,184.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Robert J. Martsching sold 3,870 shares of H. B. Fuller stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $57.93, for a total value of $224,189.10. The disclosure for this sale can be found here. 3.10% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its holdings in shares of H. B. Fuller by 0.6% during the 2nd quarter. BlackRock Inc. now owns 6,252,664 shares of the specialty chemicals company’s stock worth $319,575,000 after acquiring an additional 34,858 shares during the period. Vanguard Group Inc. raised its holdings in shares of H. B. Fuller by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 5,108,535 shares of the specialty chemicals company’s stock worth $261,098,000 after acquiring an additional 53,030 shares during the period. Janus Henderson Group PLC purchased a new position in shares of H. B. Fuller during the 2nd quarter worth $105,912,000. Dimensional Fund Advisors LP raised its holdings in shares of H. B. Fuller by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,019,675 shares of the specialty chemicals company’s stock worth $103,226,000 after acquiring an additional 15,212 shares during the period. Finally, Macquarie Group Ltd. raised its holdings in shares of H. B. Fuller by 7.2% during the 3rd quarter. Macquarie Group Ltd. now owns 1,698,348 shares of the specialty chemicals company’s stock worth $98,606,000 after acquiring an additional 114,635 shares during the period. Institutional investors and hedge funds own 91.60% of the company’s stock.
H. B. Fuller Company Profile
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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