H.B. Fuller (NYSE:FUL) Upgraded to “Buy” by StockNews.com

H.B. Fuller (NYSE:FUL) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

H.B. Fuller Price Performance

Shares of NYSE FUL opened at $84.41 on Friday. 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 stock has a fifty day simple moving average of $80.73 and a two-hundred day simple moving average of $79.17. H.B. Fuller has a 1-year low of $64.64 and a 1-year high of $87.67. The firm has a market cap of $4.60 billion, a price-to-earnings ratio of 28.81, a price-to-earnings-growth ratio of 1.36 and a beta of 1.44.

H.B. Fuller (NYSE:FUL) last posted its quarterly earnings results on Thursday, June 27th. The specialty chemicals company reported $1.12 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $917.10 million during the quarter, compared to the consensus estimate of $914.22 million. During the same quarter in the prior year, the company earned $0.93 EPS. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. Analysts anticipate that H.B. Fuller will post 4.4 earnings per share for the current year.

Insider Activity at H.B. Fuller

In other H.B. Fuller news, VP Heather Campe sold 23,696 shares of the stock in a transaction on Friday, July 12th. The stock was sold at an average price of $82.66, for a total transaction of $1,958,711.36. Following the sale, the vice president now owns 19,742 shares in the company, valued at $1,631,873.72. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.96% of the stock is owned by company insiders.

Institutional Investors Weigh In On H.B. Fuller

A number of institutional investors and hedge funds have recently modified their holdings of FUL. Neuberger Berman Group LLC increased its holdings in H.B. Fuller by 1.6% during the 4th quarter. Neuberger Berman Group LLC now owns 11,353 shares of the specialty chemicals company’s stock worth $924,000 after acquiring an additional 179 shares during the period. Partners Capital Investment Group LLP purchased a new stake in shares of H.B. Fuller in the fourth quarter worth $5,598,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of H.B. Fuller during the 4th quarter valued at about $738,000. Public Employees Retirement Association of Colorado lifted its position in H.B. Fuller by 2,588.7% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 335,119 shares of the specialty chemicals company’s stock valued at $27,282,000 after purchasing an additional 322,655 shares during the last quarter. Finally, Security National Bank of SO Dak bought a new stake in shares of H.B. Fuller during the 4th quarter worth $236,000. 95.93% of the stock is owned by hedge funds and other institutional investors.

About H.B. Fuller

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.