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

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

FUL has been the topic of a number of other research reports. Seaport Res Ptn raised H. B. Fuller from a “hold” rating to a “strong-buy” rating in a report on Friday, September 26th. Citigroup raised shares of H. B. Fuller from a “neutral” rating to a “buy” rating and upped their price target for the stock from $62.00 to $70.00 in a research note on Wednesday, October 22nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of H. B. Fuller in a report on Tuesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $67.75.

H. B. Fuller Stock Performance

H. B. Fuller stock traded up $0.61 during trading hours on Friday, reaching $57.81. 251,152 shares of the stock were exchanged, compared to its average volume of 460,315. H. B. Fuller has a 52-week low of $47.56 and a 52-week high of $79.00. The stock has a market cap of $3.13 billion, a P/E ratio of 31.25, a P/E/G ratio of 1.05 and a beta of 1.13. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.18 and a current ratio of 1.93. The firm’s 50 day moving average is $59.60 and its 200 day moving average is $58.30.

H. B. Fuller (NYSE:FUL) last issued its quarterly earnings results on Wednesday, April 13th. The specialty chemicals company reported $0.66 earnings per share (EPS) for the quarter. The business had revenue of $725.90 million for the quarter. H. B. Fuller had a net margin of 3.28% and a return on equity of 11.49%. H. B. Fuller has set its FY 2022 guidance at $4.100-$4.350 EPS. Analysts predict that H. B. Fuller will post 4.07 EPS for the current fiscal year.

Insider Activity at H. B. Fuller

In related news, CFO John J. Corkrean sold 14,222 shares of H. B. Fuller stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $60.31, for a total transaction of $857,728.82. Following the sale, the chief financial officer directly owned 54,646 shares in the company, valued at $3,295,700.26. The trade was a 20.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.99% of the company’s stock.

Hedge Funds Weigh In On H. B. Fuller

Large investors have recently bought and sold shares of the stock. Salomon & Ludwin LLC acquired a new stake in shares of H. B. Fuller in the 3rd quarter worth approximately $28,000. Parallel Advisors LLC lifted its position in H. B. Fuller by 141.6% in the second quarter. Parallel Advisors LLC now owns 534 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 313 shares during the period. Covestor Ltd lifted its position in H. B. Fuller by 22,833.3% in the third 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. TD Waterhouse Canada Inc. bought a new position in H. B. Fuller during the 3rd quarter valued at $47,000. Finally, AdvisorNet Financial Inc grew its holdings in H. B. Fuller by 160.8% during the third quarter. AdvisorNet Financial Inc now owns 845 shares of the specialty chemicals company’s stock worth $50,000 after acquiring an additional 521 shares during the period. Institutional investors and hedge funds own 95.93% of the company’s stock.

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.