Wall Street Zen Downgrades H. B. Fuller (NYSE:FUL) to Hold

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

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

H. B. Fuller Price Performance

Shares of FUL stock opened at $49.17 on Friday. The stock has a 50-day moving average price of $61.90 and a 200 day moving average price of $60.26. The company has a quick ratio of 1.06, a current ratio of 1.70 and a debt-to-equity ratio of 1.01. The firm has a market cap of $2.68 billion, a price-to-earnings ratio of 16.39, a PEG ratio of 0.75 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.

H. B. Fuller (NYSE:FUL) last released its earnings results on Thursday, January 15th. The specialty chemicals company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.04. The company had revenue of $894.79 million for the quarter, compared to the consensus estimate of $901.34 million. H. B. Fuller had a net margin of 4.38% and a return on equity of 12.21%. The company’s revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.92 EPS. Research analysts expect that H. B. Fuller will post 4.07 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Salomon & Ludwin LLC bought a new stake in shares of H. B. Fuller during the third quarter worth $28,000. Allworth Financial LP lifted its position in H. B. Fuller by 50.1% in the 4th quarter. Allworth Financial LP now owns 578 shares of the specialty chemicals company’s stock valued at $34,000 after acquiring an additional 193 shares in the last quarter. Covestor Ltd boosted its stake in H. B. Fuller by 22,833.3% in the 3rd quarter. Covestor Ltd now owns 688 shares of the specialty chemicals company’s stock worth $41,000 after purchasing an additional 685 shares during the period. Hantz Financial Services Inc. boosted its stake in H. B. Fuller by 432.9% in the 4th quarter. Hantz Financial Services Inc. now owns 778 shares of the specialty chemicals company’s stock worth $46,000 after purchasing an additional 632 shares during the period. Finally, Aster Capital Management DIFC Ltd bought a new position in H. B. Fuller during the 4th quarter worth about $46,000. Institutional investors and hedge funds own 95.93% of the company’s stock.

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.