HB Fuller (NYSE:FUL) Lowered to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of HB Fuller (NYSE:FUL) from a hold rating to a sell rating in a research note released on Wednesday morning, Zacks.com reports.

According to Zacks, “H.B. Fuller has been a leading global adhesives provider focusing on perfecting adhesives, sealants and other specialty chemical products to improve products and lives. H.B. Fuller’s commitment to innovation brings together people, products and processes that answer and solve some of the world’s biggest challenges. H.B. Fuller adhesives products used in manufacturing common consumer and industrial goods, including food and beverage containers, disposable diapers, windows, doors, flooring, appliances, sportswear, footwear, multi-wall bags, water filtration products, insulation, textiles, automotives, solar energy systems and electronics. H.B. Fuller also provides customers with technical support and unique solutions designed to address their specific needs. H.B. Fuller has established a variety of product offerings for residential construction markets, such as tile-setting adhesives, grout, sealants and related products. “

Other research analysts also recently issued reports about the company. JPMorgan Chase & Co. restated an overweight rating on shares of in a research note on Friday, June 28th. ValuEngine downgraded WideOpenWest from a hold rating to a sell rating in a research note on Friday, June 28th. Finally, TheStreet downgraded TIM Participacoes from a b rating to a c+ rating in a research note on Tuesday, June 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $55.60.

FUL stock opened at $47.02 on Wednesday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.40 and a current ratio of 2.14. The company has a 50 day moving average of $44.05. The company has a market capitalization of $2.34 billion, a P/E ratio of 15.67, a price-to-earnings-growth ratio of 1.25 and a beta of 1.59. HB Fuller has a twelve month low of $39.22 and a twelve month high of $59.58.

HB Fuller (NYSE:FUL) last posted its quarterly earnings results on Wednesday, June 26th. The specialty chemicals company reported $0.88 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.01). The company had revenue of $759.60 million during the quarter, compared to the consensus estimate of $779.07 million. HB Fuller had a net margin of 4.31% and a return on equity of 13.38%. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.89 earnings per share. On average, equities analysts forecast that HB Fuller will post 3.16 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Icon Wealth Partners LLC bought a new position in shares of HB Fuller during the 1st quarter worth approximately $27,000. Investors Research Corp bought a new position in shares of HB Fuller during the 1st quarter worth approximately $58,000. Advisor Group Inc. boosted its stake in shares of HB Fuller by 52.8% during the 4th quarter. Advisor Group Inc. now owns 1,497 shares of the specialty chemicals company’s stock worth $64,000 after acquiring an additional 517 shares during the period. Strs Ohio boosted its stake in shares of HB Fuller by 92.3% during the 1st quarter. Strs Ohio now owns 2,500 shares of the specialty chemicals company’s stock worth $121,000 after acquiring an additional 1,200 shares during the period. Finally, BerganKDV Wealth Management LLC bought a new position in shares of HB Fuller during the 1st quarter worth approximately $146,000. Institutional investors own 98.92% 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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