H. B. Fuller (NYSE:FUL) Rating Lowered to “Hold” at Wall Street Zen

H. B. Fuller (NYSE:FUL) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

A number of other equities analysts have also recently issued reports on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of H. B. Fuller in a report on Friday, January 16th. Weiss Ratings restated a “hold (c)” rating on shares of H. B. Fuller in a research note on Monday, December 29th. Citigroup reduced their target price on shares of H. B. Fuller from $76.00 to $67.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, UBS Group set a $66.00 price target on shares of H. B. Fuller in a research note on Friday, January 16th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $65.50.

H. B. Fuller Price Performance

H. B. Fuller stock opened at $49.17 on Friday. The firm has a market capitalization of $2.68 billion, a PE ratio of 16.39, a price-to-earnings-growth ratio of 0.74 and a beta of 1.07. H. B. Fuller has a 12-month low of $47.56 and a 12-month high of $68.63. The firm has a 50-day moving average price of $61.90 and a 200-day moving average price of $60.27. The company has a current ratio of 1.70, a quick ratio of 1.06 and a debt-to-equity ratio of 1.01.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FUL. Salomon & Ludwin LLC bought a new position in shares of H. B. Fuller in the 3rd quarter worth $28,000. Allworth Financial LP boosted its position in H. B. Fuller by 50.1% during the fourth quarter. Allworth Financial LP now owns 578 shares of the specialty chemicals company’s stock valued at $34,000 after purchasing an additional 193 shares in the last quarter. Covestor Ltd boosted its position in H. B. Fuller by 22,833.3% during the third quarter. Covestor Ltd now owns 688 shares of the specialty chemicals company’s stock valued at $41,000 after purchasing an additional 685 shares in the last quarter. Hantz Financial Services Inc. grew its stake in H. B. Fuller by 432.9% in the fourth quarter. Hantz Financial Services Inc. now owns 778 shares of the specialty chemicals company’s stock valued at $46,000 after purchasing an additional 632 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new position in H. B. Fuller in the fourth quarter valued at about $46,000. 95.93% of the stock is currently owned by hedge funds and other institutional investors.

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.