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

H.B. Fuller (NYSE:FUL) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

H.B. Fuller Stock Up 3.3 %

FUL opened at $83.91 on Wednesday. The firm has a market capitalization of $4.57 billion, a P/E ratio of 28.61, a price-to-earnings-growth ratio of 1.27 and a beta of 1.42. H.B. Fuller has a one year low of $64.64 and a one year high of $87.67. The company has a fifty day moving average price of $81.95 and a 200-day moving average price of $79.48. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.89 and a quick ratio of 1.16.

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

Insider Transactions at H.B. Fuller

In other news, VP Heather Campe sold 23,696 shares of H.B. Fuller stock in a transaction on Friday, July 12th. The shares were sold at an average price of $82.66, for a total transaction of $1,958,711.36. Following the completion of the sale, 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

A number of large investors have recently added to or reduced their stakes in FUL. Neuberger Berman Group LLC increased its position in shares of 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 valued at $924,000 after purchasing an additional 179 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in H.B. Fuller during the first quarter valued at approximately $79,000. New York State Teachers Retirement System raised its stake in shares of H.B. Fuller by 3.1% during the second quarter. New York State Teachers Retirement System now owns 88,348 shares of the specialty chemicals company’s stock worth $6,799,000 after acquiring an additional 2,694 shares in the last quarter. Security National Bank of SO Dak bought a new stake in shares of H.B. Fuller in the 4th quarter worth approximately $236,000. Finally, BNP Paribas Financial Markets boosted its stake in shares of H.B. Fuller by 9.9% in the 1st quarter. BNP Paribas Financial Markets now owns 45,152 shares of the specialty chemicals company’s stock valued at $3,600,000 after purchasing an additional 4,077 shares in the last quarter. Hedge funds and other institutional investors own 95.93% of the company’s stock.

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.