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

H.B. Fuller (NYSE:FUL) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Wednesday.

H.B. Fuller Price Performance

Shares of NYSE FUL opened at $81.67 on Wednesday. The firm has a market cap of $4.45 billion, a P/E ratio of 27.87, a price-to-earnings-growth ratio of 1.27 and a beta of 1.42. The business’s 50 day moving average is $81.80 and its 200-day moving average is $79.46. The company has a current ratio of 1.89, a quick ratio of 1.16 and a debt-to-equity ratio of 1.13. H.B. Fuller has a 1-year low of $64.64 and a 1-year high of $87.67.

H.B. Fuller (NYSE:FUL) last posted its quarterly earnings data on Thursday, June 27th. The specialty chemicals company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.09. The firm had revenue of $917.10 million for the quarter, compared to analysts’ expectations 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 quarter last year, the business earned $0.93 EPS. Equities research analysts predict that H.B. Fuller will post 4.4 earnings per share for the current year.

Insider Transactions at H.B. Fuller

In related news, VP Heather Campe sold 23,696 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the vice president now directly owns 19,742 shares in the company, valued at $1,631,873.72. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.96% of the company’s stock.

Hedge Funds Weigh In On H.B. Fuller

Several hedge funds and other institutional investors have recently modified their holdings of the business. Public Employees Retirement Association of Colorado boosted its stake in 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 buying an additional 322,655 shares in the last quarter. Partners Capital Investment Group LLP acquired a new stake in shares of H.B. Fuller in the 4th quarter valued at approximately $5,598,000. Marshall Wace LLP grew its holdings 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 last quarter. Campbell & CO Investment Adviser LLC acquired a new position in H.B. Fuller during the 4th quarter worth approximately $738,000. Finally, Bank of New York Mellon Corp increased its position in H.B. Fuller by 1.4% during 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 purchasing an additional 7,292 shares in the last quarter. 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.