H.B. Fuller (NYSE:FUL) Rating Lowered to Hold at StockNews.com

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

H.B. Fuller Trading Up 3.3 %

NYSE FUL opened at $83.91 on Wednesday. The stock has a market capitalization of $4.57 billion, a price-to-earnings ratio of 28.61, a PEG ratio of 1.27 and a beta of 1.42. The business’s fifty day moving average is $81.95 and its 200-day moving average is $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 has a one year low of $64.64 and a one year high of $87.67.

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

Insider Activity

In related news, VP Heather Campe sold 23,696 shares of the business’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $82.66, for a total value of $1,958,711.36. Following the sale, the vice president now directly owns 19,742 shares in the company, valued at approximately $1,631,873.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.96% of the company’s stock.

Hedge Funds Weigh In On H.B. Fuller

Several large investors have recently modified their holdings of the business. Bank of New York Mellon Corp boosted its holdings in H.B. Fuller by 1.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 525,731 shares of the specialty chemicals company’s stock worth $40,460,000 after buying an additional 7,292 shares during the period. Public Employees Retirement Association of Colorado grew its position in shares of H.B. Fuller by 2,588.7% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 335,119 shares of the specialty chemicals company’s stock valued at $27,282,000 after purchasing an additional 322,655 shares in the last quarter. Marshall Wace LLP raised its stake in shares of H.B. Fuller by 9.9% during the 2nd quarter. Marshall Wace LLP now owns 290,005 shares of the specialty chemicals company’s stock valued at $22,319,000 after purchasing an additional 26,239 shares during the period. New York State Teachers Retirement System raised its stake in shares of H.B. Fuller by 3.1% during the 2nd quarter. New York State Teachers Retirement System now owns 88,348 shares of the specialty chemicals company’s stock valued at $6,799,000 after purchasing an additional 2,694 shares during the period. Finally, Dorsey & Whitney Trust CO LLC boosted its stake in H.B. Fuller by 8.1% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 71,354 shares of the specialty chemicals company’s stock worth $5,491,000 after purchasing an additional 5,356 shares during the period. 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.