Wall Street Zen Downgrades H. B. Fuller (NYSE:FUL) to Buy

H. B. Fuller (NYSE:FUL) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other equities analysts have also commented on FUL. Vertical Research upgraded shares of H. B. Fuller from a “hold” rating to a “strong-buy” rating in a report on Friday, March 27th. Weiss Ratings restated a “hold (c)” rating on shares of H. B. Fuller in a report on Tuesday, June 30th. UBS Group set a $69.00 target price on H. B. Fuller in a research report on Friday, June 26th. JPMorgan Chase & Co. raised H. B. Fuller from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $58.00 to $67.00 in a report on Friday, June 26th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on H. B. Fuller from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $67.86.

H. B. Fuller Stock Down 0.2%

Shares of NYSE FUL opened at $55.56 on Friday. The company has a 50 day simple moving average of $59.77 and a 200 day simple moving average of $60.85. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.80 and a quick ratio of 1.12. H. B. Fuller has a 1 year low of $48.71 and a 1 year high of $68.63. The firm has a market cap of $2.99 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 0.60 and a beta of 0.98.

H. B. Fuller (NYSE:FUL) last posted its earnings results on Thursday, June 25th. The specialty chemicals company reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. H. B. Fuller had a net margin of 5.29% and a return on equity of 12.18%. The firm had revenue of $950.27 million for the quarter, compared to analyst estimates of $924.83 million. During the same period in the previous year, the firm posted $1.18 EPS. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, research analysts forecast that H. B. Fuller will post 4.87 EPS for the current year.

Institutional Investors Weigh In On H. B. Fuller

Large investors have recently modified their holdings of the company. Bleakley Financial Group LLC lifted its holdings in H. B. Fuller by 1.5% in the fourth quarter. Bleakley Financial Group LLC now owns 11,687 shares of the specialty chemicals company’s stock valued at $695,000 after buying an additional 168 shares during the period. California State Teachers Retirement System boosted its position in H. B. Fuller by 0.3% during the second quarter. California State Teachers Retirement System now owns 50,486 shares of the specialty chemicals company’s stock valued at $3,037,000 after acquiring an additional 173 shares during the last quarter. Glenmede Investment Management LP boosted its position in H. B. Fuller by 3.9% during the third quarter. Glenmede Investment Management LP now owns 4,809 shares of the specialty chemicals company’s stock valued at $285,000 after acquiring an additional 179 shares during the last quarter. CIBC Asset Management Inc grew its holdings in H. B. Fuller by 3.6% during the 4th quarter. CIBC Asset Management Inc now owns 5,273 shares of the specialty chemicals company’s stock worth $314,000 after acquiring an additional 185 shares during the period. Finally, Allworth Financial LP grew its holdings in H. B. Fuller by 50.1% during the 4th quarter. Allworth Financial LP now owns 578 shares of the specialty chemicals company’s stock worth $34,000 after acquiring an additional 193 shares during the period. 95.93% of the stock is currently owned by institutional investors and hedge funds.

H. B. Fuller Company Profile

H. B. Fuller Company, founded in 1887 and headquartered in St. Paul, Minnesota, is a global adhesives and specialty chemical solutions provider serving a wide array of industries. The company develops, manufactures and markets adhesive technologies, sealants, polymers and related chemical products designed to enhance product performance, sustainability and manufacturing efficiency.

Fuller’s product portfolio spans multiple market segments, including packaging and converting, general industrial assembly, electronics, transportation, hygiene and construction.