ValuEngine Downgrades HB Fuller (NYSE:FUL) to Sell

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ValuEngine lowered shares of HB Fuller (NYSE:FUL) from a hold rating to a sell rating in a report published on Friday, September 28th.

Other research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of HB Fuller from a hold rating to a buy rating and set a $65.00 target price on the stock in a report on Wednesday, August 29th. Berenberg Bank started coverage on HB Fuller in a research note on Thursday, July 12th. They issued a buy rating and a $65.00 price target for the company. JPMorgan Chase & Co. reaffirmed an overweight rating and issued a $57.00 price target on shares of HB Fuller in a research note on Thursday, July 5th. Robert W. Baird dropped their price target on HB Fuller from $60.00 to $55.00 and set a neutral rating for the company in a research note on Friday, September 28th. Finally, Deutsche Bank dropped their price target on HB Fuller from $62.00 to $60.00 and set a buy rating for the company in a research note on Friday, September 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. HB Fuller has a consensus rating of Hold and a consensus price target of $61.00.

Shares of FUL stock traded down $0.82 during trading on Friday, hitting $45.50. The company had a trading volume of 336,237 shares, compared to its average volume of 412,193. The company has a current ratio of 2.24, a quick ratio of 1.46 and a debt-to-equity ratio of 2.07. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of 18.20, a price-to-earnings-growth ratio of 0.87 and a beta of 1.42. HB Fuller has a 52 week low of $45.22 and a 52 week high of $59.58.

HB Fuller (NYSE:FUL) last issued its quarterly earnings results on Wednesday, September 26th. The specialty chemicals company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.04). HB Fuller had a net margin of 4.14% and a return on equity of 13.50%. The business had revenue of $770.11 million for the quarter, compared to the consensus estimate of $784.75 million. As a group, sell-side analysts forecast that HB Fuller will post 3.14 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 1st. Stockholders of record on Thursday, October 18th will be issued a dividend of $0.155 per share. The ex-dividend date of this dividend is Wednesday, October 17th. This represents a $0.62 annualized dividend and a dividend yield of 1.36%. HB Fuller’s payout ratio is presently 24.80%.

In related news, VP Traci L. Jensen sold 4,508 shares of HB Fuller stock in a transaction dated Thursday, August 9th. The stock was sold at an average price of $57.45, for a total value of $258,984.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Steven Kenny sold 2,200 shares of HB Fuller stock in a transaction dated Monday, July 30th. The stock was sold at an average price of $56.19, for a total value of $123,618.00. Following the completion of the sale, the vice president now owns 30,173 shares of the company’s stock, valued at $1,695,420.87. The disclosure for this sale can be found here. 3.46% of the stock is owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in FUL. Murphy Pohlad Asset Management LLC bought a new stake in shares of HB Fuller during the 2nd quarter valued at about $200,000. Balter Liquid Alternatives LLC bought a new stake in shares of HB Fuller during the 2nd quarter valued at about $259,000. Jane Street Group LLC bought a new stake in shares of HB Fuller during the 2nd quarter valued at about $269,000. SNS Financial Group LLC bought a new stake in shares of HB Fuller during the 2nd quarter valued at about $294,000. Finally, D.A. Davidson & CO. grew its stake in shares of HB Fuller by 20.0% during the 2nd quarter. D.A. Davidson & CO. now owns 6,000 shares of the specialty chemicals company’s stock valued at $322,000 after purchasing an additional 1,000 shares during the period. Institutional investors and hedge funds own 97.65% of the company’s stock.

About HB Fuller

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, and other specialty chemical products worldwide. The company operates through six segments: Americas Adhesives; EIMEA (Europe, India, Middle East and Africa); Asia Pacific; Construction Products; Engineering Adhesives; and Royal Adhesives.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for HB Fuller (NYSE:FUL)

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