Zacks Investment Research lowered shares of H. B. Fuller Company (NYSE:FUL) from a buy rating to a hold rating in a report issued on Friday.
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. “
A number of other equities research analysts have also weighed in on the company. Deutsche Bank AG lifted 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. BidaskClub raised H. B. Fuller from a hold rating to a buy rating in a report on Saturday, June 10th. KeyCorp reaffirmed a hold rating on shares of H. B. Fuller in a report on Thursday, August 24th. Finally, Robert W. Baird started coverage on H. B. Fuller in a report on Thursday. They issued a neutral rating and a $60.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. H. B. Fuller has a consensus rating of Hold and an average price target of $56.33.
Shares of H. B. Fuller (NYSE:FUL) traded up 0.63% during trading on Friday, reaching $55.70. The company’s stock had a trading volume of 749,261 shares. The firm has a market capitalization of $2.81 billion, a P/E ratio of 25.46 and a beta of 1.69. The company has a 50 day moving average price of $51.60 and a 200 day moving average price of $51.42. H. B. Fuller has a 52 week low of $41.52 and a 52 week high of $55.86.
H. B. Fuller (NYSE:FUL) last issued its quarterly earnings results on Wednesday, June 28th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.05). The company had revenue of $561.65 million during the quarter. H. B. Fuller had a net margin of 5.23% and a return on equity of 13.32%. During the same quarter in the previous year, the business earned $0.67 EPS. On average, equities research analysts expect that H. B. Fuller will post $2.59 EPS for the current fiscal year.
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In related news, VP Dietrich J. Crail bought 970 shares of H. B. Fuller stock in a transaction that occurred on Wednesday, July 12th. The shares were purchased at an average price of $51.41 per share, with a total value of $49,867.70. Following the purchase, the vice president now owns 970 shares in the company, valued at $49,867.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.10% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of FUL. Bank of Montreal Can lifted its stake in H. B. Fuller by 3.7% in the 1st quarter. Bank of Montreal Can now owns 8,356 shares of the specialty chemicals company’s stock valued at $431,000 after buying an additional 302 shares in the last quarter. Strs Ohio lifted its stake in H. B. Fuller by 7.7% in the 1st quarter. Strs Ohio now owns 4,200 shares of the specialty chemicals company’s stock valued at $216,000 after buying an additional 300 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in H. B. Fuller in the 1st quarter valued at approximately $442,000. Wells Fargo & Company MN lifted its stake in H. B. Fuller by 22.8% in the 1st quarter. Wells Fargo & Company MN now owns 85,673 shares of the specialty chemicals company’s stock valued at $4,417,000 after buying an additional 15,896 shares in the last quarter. Finally, Great West Life Assurance Co. Can lifted its stake in H. B. Fuller by 6.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 70,159 shares of the specialty chemicals company’s stock valued at $3,615,000 after buying an additional 4,090 shares in the last quarter. 93.46% of the stock is currently owned by hedge funds and other 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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