H.B. Fuller (NYSE:FUL) Lowered 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 issued on Tuesday.

H.B. Fuller Stock Up 1.1 %

Shares of FUL stock traded up $0.86 during trading hours on Tuesday, reaching $78.89. 382,920 shares of the company’s stock were exchanged, compared to its average volume of 319,099. H.B. Fuller has a fifty-two week low of $64.64 and a fifty-two week high of $87.67. The stock’s 50 day moving average is $79.68 and its 200-day moving average is $78.71. The company has a current ratio of 1.89, a quick ratio of 1.16 and a debt-to-equity ratio of 1.13. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 26.92, a P/E/G ratio of 1.36 and a beta of 1.44.

H.B. Fuller (NYSE:FUL) last announced its earnings results 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. H.B. Fuller had a return on equity of 13.33% and a net margin of 4.67%. The firm had revenue of $917.10 million for the quarter, compared to the consensus estimate of $914.22 million. During the same period in the previous year, the business earned $0.93 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. Analysts predict that H.B. Fuller will post 4.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, VP Heather Campe sold 23,696 shares of the company’s stock in a transaction 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 transaction, the vice president now directly owns 19,742 shares of the company’s stock, valued at approximately $1,631,873.72. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.96% of the stock is owned by company insiders.

Hedge Funds Weigh In On H.B. Fuller

Several hedge funds and other institutional investors have recently bought and sold shares of FUL. Neuberger Berman Group LLC boosted its stake in shares of H.B. Fuller by 1.6% in the fourth quarter. Neuberger Berman Group LLC now owns 11,353 shares of the specialty chemicals company’s stock worth $924,000 after buying an additional 179 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of H.B. Fuller during the 1st quarter worth approximately $79,000. New York State Teachers Retirement System grew 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 worth $6,799,000 after purchasing an additional 2,694 shares during the period. Security National Bank of SO Dak purchased a new position in shares of H.B. Fuller during the 4th quarter valued at approximately $236,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of H.B. Fuller by 9.9% in the 1st quarter. BNP Paribas Financial Markets now owns 45,152 shares of the specialty chemicals company’s stock valued at $3,600,000 after purchasing an additional 4,077 shares during the period. Institutional investors and hedge funds own 95.93% of the company’s stock.

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.