HB Fuller (FUL) Stock Rating Lowered by ValuEngine

HB Fuller (NYSE:FUL) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday, ValuEngine reports.

FUL has been the subject of several other research reports. Deutsche Bank downgraded shares of HB Fuller from a “buy” rating to a “hold” rating and set a $50.00 target price for the company. in a report on Tuesday, February 5th. Zacks Investment Research downgraded shares of HB Fuller from a “hold” rating to a “sell” rating in a report on Thursday, January 24th. Finally, JPMorgan Chase & Co. downgraded shares of HB Fuller from an “overweight” rating to a “neutral” rating and set a $50.79 price objective for the company. in a report on Tuesday, April 9th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $57.97.

Shares of FUL stock traded down $1.09 on Monday, hitting $42.79. The stock had a trading volume of 343,500 shares, compared to its average volume of 412,411. The company has a market cap of $2.23 billion, a P/E ratio of 14.26, a P/E/G ratio of 1.11 and a beta of 1.42. The company has a debt-to-equity ratio of 1.83, a current ratio of 2.10 and a quick ratio of 1.36. HB Fuller has a 12-month low of $39.61 and a 12-month high of $59.58.

HB Fuller (NYSE:FUL) last announced its earnings results on Wednesday, March 27th. The specialty chemicals company reported $0.34 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.34. The company had revenue of $673.00 million during the quarter, compared to the consensus estimate of $697.64 million. HB Fuller had a net margin of 4.52% and a return on equity of 13.53%. The company’s quarterly revenue was down 5.6% on a year-over-year basis. As a group, research analysts expect that HB Fuller will post 3.29 earnings per share for the current fiscal year.

In related news, VP Heather Campe sold 11,457 shares of the firm’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $50.36, for a total transaction of $576,974.52. Following the completion of the sale, the vice president now owns 20,644 shares in the company, valued at $1,039,631.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.46% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Trust Co. of Vermont bought a new position in shares of HB Fuller in the fourth quarter valued at approximately $26,000. Icon Wealth Partners LLC purchased a new stake in HB Fuller in the first quarter valued at approximately $27,000. Investors Research Corp purchased a new stake in HB Fuller in the first quarter valued at approximately $58,000. Advisor Group Inc. raised its stake in HB Fuller by 52.8% in the fourth quarter. Advisor Group Inc. now owns 1,497 shares of the specialty chemicals company’s stock valued at $64,000 after purchasing an additional 517 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in HB Fuller by 16.5% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,643 shares of the specialty chemicals company’s stock valued at $113,000 after purchasing an additional 375 shares in the last quarter. Institutional investors and hedge funds own 98.70% of the company’s stock.

About HB Fuller

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, and other specialty chemical products worldwide. The company operates through five segments: Americas Adhesives, EIMEA, Asia Pacific, Construction Adhesives, and Engineering Adhesives.

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