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

H.B. Fuller (NYSE:FUL) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Tuesday.

H.B. Fuller Trading Up 1.1 %

Shares of NYSE:FUL traded up $0.86 during midday trading on Tuesday, hitting $78.89. 382,920 shares of the stock were exchanged, compared to its average volume of 319,099. The business’s 50-day moving average price is $79.68 and its 200 day moving average price is $78.71. H.B. Fuller has a 12 month low of $64.64 and a 12 month high of $87.67. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.16 and a current ratio of 1.89. The stock has a market capitalization 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 posted its earnings results on Thursday, June 27th. The specialty chemicals company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.09. The firm had revenue of $917.10 million for the quarter, compared to analyst estimates of $914.22 million. H.B. Fuller had a net margin of 4.67% and a return on equity of 13.33%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.93 EPS. Analysts predict that H.B. Fuller will post 4.4 earnings per share for the current year.

Insider Buying and Selling at H.B. Fuller

In other H.B. Fuller news, VP Heather Campe sold 23,696 shares of the stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $82.66, for a total transaction of $1,958,711.36. Following the completion of the sale, the vice president now 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 Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.96% of the company’s stock.

Institutional Investors Weigh In On H.B. Fuller

Large investors have recently added to or reduced their stakes in the business. Neuberger Berman Group LLC increased its stake in 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 valued at $924,000 after purchasing an additional 179 shares in the last quarter. Partners Capital Investment Group LLP bought a new stake in H.B. Fuller in the 4th quarter valued at about $5,598,000. Campbell & CO Investment Adviser LLC acquired a new position in H.B. Fuller during the 4th quarter worth approximately $738,000. Public Employees Retirement Association of Colorado grew 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 acquiring an additional 322,655 shares during the period. Finally, Security National Bank of SO Dak bought a new stake in shares of H.B. Fuller during the fourth quarter valued at approximately $236,000. Institutional investors and hedge funds 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.