According to Zacks, “H.B. Fuller has been a leading global adhesives provider focusing on perfecting adhesives, sealants and other specialty chemical products to improve products and lives. H.B. Fuller’s commitment to innovation brings together people, products and processes that answer and solve some of the world’s biggest challenges. H.B. Fuller adhesives products used in manufacturing common consumer and industrial goods, including food and beverage containers, disposable diapers, windows, doors, flooring, appliances, sportswear, footwear, multi-wall bags, water filtration products, insulation, textiles, automotives, solar energy systems and electronics. H.B. Fuller also provides customers with technical support and unique solutions designed to address their specific needs. H.B. Fuller has established a variety of product offerings for residential construction markets, such as tile-setting adhesives, grout, sealants and related products. “
Several other analysts also recently commented on FUL. ValuEngine downgraded HB Fuller from a hold rating to a sell rating in a research note on Monday, May 20th. TheStreet cut HB Fuller from a b- rating to a c+ rating in a report on Tuesday, June 4th. Finally, JPMorgan Chase & Co. cut HB Fuller from an overweight rating to a neutral rating and set a $50.79 price target on the stock. in a report on Tuesday, April 9th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The company has an average rating of Hold and a consensus target price of $57.97.
HB Fuller (NYSE:FUL) last issued its earnings results on Wednesday, March 27th. The specialty chemicals company reported $0.34 EPS for the quarter, meeting the consensus estimate of $0.34. HB Fuller had a return on equity of 13.53% and a net margin of 4.52%. The business had revenue of $673.00 million for the quarter, compared to the consensus estimate of $697.64 million. HB Fuller’s quarterly revenue was down 5.6% on a year-over-year basis. On average, analysts expect that HB Fuller will post 3.29 EPS for the current fiscal year.
In related news, VP Heather Campe sold 11,457 shares of HB Fuller stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $50.36, for a total value of $576,974.52. Following the completion of the transaction, the vice president now owns 20,644 shares in the company, valued at $1,039,631.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.46% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in FUL. Teachers Advisors LLC lifted its stake in HB Fuller by 2.0% in the third quarter. Teachers Advisors LLC now owns 102,031 shares of the specialty chemicals company’s stock worth $5,272,000 after purchasing an additional 1,980 shares during the last quarter. Bank of Montreal Can raised its stake in shares of HB Fuller by 6.1% during the fourth quarter. Bank of Montreal Can now owns 7,686 shares of the specialty chemicals company’s stock valued at $328,000 after acquiring an additional 442 shares in the last quarter. Rhumbline Advisers raised its stake in shares of HB Fuller by 20.6% during the fourth quarter. Rhumbline Advisers now owns 157,704 shares of the specialty chemicals company’s stock valued at $6,729,000 after acquiring an additional 26,957 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of HB Fuller by 8.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 18,500 shares of the specialty chemicals company’s stock valued at $789,000 after acquiring an additional 1,381 shares in the last quarter. Finally, Chatham Capital Group Inc. raised its stake in shares of HB Fuller by 14.5% during the fourth quarter. Chatham Capital Group Inc. now owns 32,708 shares of the specialty chemicals company’s stock valued at $1,396,000 after acquiring an additional 4,153 shares in the last quarter. Institutional investors own 98.94% of the company’s stock.
HB Fuller Company Profile
H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, and other specialty chemical products worldwide. The company operates through five segments: Americas Adhesives, EIMEA, Asia Pacific, Construction Adhesives, and Engineering Adhesives.
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