StockNews.com Downgrades H.B. Fuller (NYSE:FUL) to Hold

H.B. Fuller (NYSE:FUL) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Monday.

H.B. Fuller Stock Down 0.2 %

Shares of FUL stock traded down $0.18 during midday trading on Monday, reaching $79.25. 256,694 shares of the stock were exchanged, compared to its average volume of 301,327. H.B. Fuller has a 1 year low of $64.64 and a 1 year high of $87.67. The company’s 50 day moving average is $81.46 and its two-hundred day moving average is $79.42. The company has a current ratio of 1.89, a quick ratio of 1.16 and a debt-to-equity ratio of 1.13. The firm has a market cap of $4.32 billion, a PE ratio of 27.05, a price-to-earnings-growth ratio of 1.29 and a beta of 1.42.

H.B. Fuller (NYSE:FUL) last issued its quarterly earnings results on Thursday, June 27th. The specialty chemicals company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.09. H.B. Fuller had a return on equity of 13.33% and a net margin of 4.67%. The firm had revenue of $917.10 million for the quarter, compared to analysts’ expectations of $914.22 million. During the same period in the previous year, the firm posted $0.93 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities research analysts predict that H.B. Fuller will post 4.4 EPS for the current year.

Insider Transactions at H.B. Fuller

In related news, VP Heather Campe sold 23,696 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $82.66, for a total value of $1,958,711.36. Following the transaction, the vice president now directly owns 19,742 shares of the company’s stock, valued at approximately $1,631,873.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.96% of the company’s stock.

Institutional Investors Weigh In On H.B. Fuller

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Central Pacific Bank Trust Division bought a new position in shares of H.B. Fuller during the 1st quarter valued at about $79,000. Security National Bank of SO Dak bought a new stake in H.B. Fuller in the fourth quarter worth about $236,000. Campbell & CO Investment Adviser LLC purchased a new position in H.B. Fuller during the fourth quarter valued at approximately $738,000. Neuberger Berman Group LLC increased its holdings in H.B. Fuller by 1.6% during the fourth quarter. Neuberger Berman Group LLC now owns 11,353 shares of the specialty chemicals company’s stock valued at $924,000 after buying an additional 179 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in H.B. Fuller by 9.9% during the first quarter. BNP Paribas Financial Markets now owns 45,152 shares of the specialty chemicals company’s stock valued at $3,600,000 after buying an additional 4,077 shares during the period. 95.93% of the stock is currently owned by hedge funds and other institutional investors.

H.B. Fuller Company Profile

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products. It operates through three segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Construction Adhesives.