H.B. Fuller Company (FUL) Cut to “Hold” at ValuEngine

ValuEngine downgraded shares of H.B. Fuller Company (NYSE:FUL) from a buy rating to a hold rating in a research note published on Friday morning.

Other equities research analysts have also recently issued reports about the company. Zacks Investment Research upgraded H.B. Fuller from a sell rating to a hold rating in a research note on Wednesday, October 11th. KeyCorp reiterated a hold rating on shares of H.B. Fuller in a research note on Thursday, August 24th. Deutsche Bank AG lifted their target price on H.B. Fuller from $56.00 to $58.00 and gave the stock a hold rating in a research note on Wednesday, September 6th. Robert W. Baird initiated coverage on H.B. Fuller in a research note on Thursday, September 14th. They set a neutral rating and a $60.00 target price on the stock. Finally, Citigroup Inc. cut H.B. Fuller from a buy rating to a neutral rating and set a $60.00 target price on the stock. in a research note on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. H.B. Fuller has a consensus rating of Hold and an average target price of $57.60.

Shares of H.B. Fuller (NYSE FUL) traded down $1.09 during trading hours on Friday, reaching $53.66. The company’s stock had a trading volume of 505,900 shares, compared to its average volume of 313,426. The company has a current ratio of 2.63, a quick ratio of 1.72 and a debt-to-equity ratio of 0.74. H.B. Fuller has a fifty-two week low of $45.82 and a fifty-two week high of $58.74. The company has a market cap of $2,700.86, a PE ratio of 21.55 and a beta of 1.73.

H.B. Fuller (NYSE:FUL) last issued its quarterly earnings data on Wednesday, September 27th. The specialty chemicals company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.02). H.B. Fuller had a net margin of 4.76% and a return on equity of 13.08%. The company had revenue of $562.87 million for the quarter, compared to the consensus estimate of $553.66 million. equities research analysts forecast that H.B. Fuller will post 2.6 earnings per share for the current year.

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The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 2nd. Investors of record on Thursday, October 19th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date was Wednesday, October 18th. H.B. Fuller’s dividend payout ratio is currently 29.41%.

In related news, VP Robert J. Martsching sold 3,870 shares of the business’s stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $57.93, for a total value of $224,189.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Traci L. Jensen sold 5,397 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $58.40, for a total value of $315,184.80. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE raised its stake in H.B. Fuller by 36.3% in the 1st quarter. Bank of America Corp DE now owns 189,510 shares of the specialty chemicals company’s stock valued at $9,771,000 after acquiring an additional 50,441 shares during the period. Principal Financial Group Inc. raised its stake in H.B. Fuller by 141.0% in the 2nd quarter. Principal Financial Group Inc. now owns 977,899 shares of the specialty chemicals company’s stock valued at $49,980,000 after acquiring an additional 572,177 shares during the period. Legal & General Group Plc raised its stake in H.B. Fuller by 9.9% in the 2nd quarter. Legal & General Group Plc now owns 99,591 shares of the specialty chemicals company’s stock valued at $5,093,000 after acquiring an additional 9,008 shares during the period. Westfield Capital Management Co. LP bought a new stake in H.B. Fuller in the 2nd quarter valued at about $10,338,000. Finally, Vanguard Group Inc. raised its stake in H.B. Fuller by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 5,108,535 shares of the specialty chemicals company’s stock valued at $261,098,000 after acquiring an additional 53,030 shares during the period. Institutional investors and hedge funds own 92.59% of the company’s stock.

About H.B. Fuller

H.B. Fuller Company is a formulator, manufacturer and marketer of adhesives, sealants and other specialty chemical products. The Company’s segments include Americas Adhesives, Europe, India, Middle East and Africa (EIMEA), Asia Pacific, Construction Products and Engineering Adhesives. The Americas Adhesives, EIMEA and Asia Pacific operating segments produce and supply industrial adhesives products for applications in various markets, including durable assembly, nonwoven and hygiene, and textile.

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