H.B. Fuller (NYSE:FUL) Downgraded to “Hold” Rating by Vertical Research

Vertical Research cut shares of H.B. Fuller (NYSE:FUL) from a buy rating to a hold rating in a research report sent to investors on Monday morning, Marketbeat Ratings reports.

A number of other analysts also recently weighed in on FUL. StockNews.com downgraded H.B. Fuller from a “buy” rating to a “hold” rating in a research note on Wednesday, September 18th. Citigroup reduced their target price on H.B. Fuller from $78.00 to $68.00 and set a “neutral” rating for the company in a report on Friday. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $90.25.

H.B. Fuller Price Performance

Shares of NYSE:FUL opened at $63.31 on Monday. H.B. Fuller has a 52 week low of $61.71 and a 52 week high of $87.67. The company has a 50-day moving average price of $73.09 and a 200 day moving average price of $77.68. The company has a market cap of $3.46 billion, a P/E ratio of 19.54, a PEG ratio of 1.24 and a beta of 1.43. The company has a quick ratio of 1.16, a current ratio of 1.89 and a debt-to-equity ratio of 1.10.

Hedge Funds Weigh In On H.B. Fuller

Hedge funds have recently bought and sold shares of the company. Dorsey & Whitney Trust CO LLC grew its holdings in H.B. Fuller by 8.1% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 71,354 shares of the specialty chemicals company’s stock valued at $5,491,000 after purchasing an additional 5,356 shares during the last quarter. Marshall Wace LLP grew its stake in H.B. Fuller by 9.9% in the 2nd quarter. Marshall Wace LLP now owns 290,005 shares of the specialty chemicals company’s stock valued at $22,319,000 after acquiring an additional 26,239 shares during the last quarter. S&CO Inc. grew its stake in H.B. Fuller by 0.3% in the 3rd quarter. S&CO Inc. now owns 267,192 shares of the specialty chemicals company’s stock valued at $21,209,000 after acquiring an additional 920 shares during the last quarter. Geode Capital Management LLC increased its holdings in H.B. Fuller by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,258,752 shares of the specialty chemicals company’s stock valued at $99,939,000 after acquiring an additional 18,734 shares in the last quarter. Finally, Lord Abbett & CO. LLC raised its position in H.B. Fuller by 79.8% during the third quarter. Lord Abbett & CO. LLC now owns 730,058 shares of the specialty chemicals company’s stock worth $57,952,000 after acquiring an additional 324,056 shares during the last quarter. 95.93% of the stock is owned by hedge funds and other institutional investors.

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.