H.B. Fuller (NYSE:FUL) Lowered to “Hold” Rating by Vertical Research

H.B. Fuller (NYSE:FUL) was downgraded by equities researchers at Vertical Research from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, MarketBeat Ratings reports.

Other analysts have also issued reports about the stock. StockNews.com lowered shares of H.B. Fuller from a “buy” rating to a “hold” rating in a research report on Wednesday, September 18th. Citigroup decreased their target price on H.B. Fuller from $78.00 to $68.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $90.25.

H.B. Fuller Stock Down 0.7 %

FUL opened at $62.93 on Monday. The business has a 50 day moving average of $72.85 and a 200-day moving average of $77.57. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of 19.42, a P/E/G ratio of 1.24 and a beta of 1.43. The company has a current ratio of 1.89, a quick ratio of 1.16 and a debt-to-equity ratio of 1.10. H.B. Fuller has a 1-year low of $61.71 and a 1-year high of $87.67.

Hedge Funds Weigh In On H.B. Fuller

A number of hedge funds and other institutional investors have recently made changes to their positions in FUL. Dorsey & Whitney Trust CO LLC increased its stake in H.B. Fuller by 8.1% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 71,354 shares of the specialty chemicals company’s stock valued at $5,491,000 after acquiring an additional 5,356 shares during the period. S&CO Inc. boosted its holdings in H.B. Fuller by 0.3% during the third quarter. S&CO Inc. now owns 267,192 shares of the specialty chemicals company’s stock valued at $21,209,000 after purchasing an additional 920 shares in the last quarter. Marshall Wace LLP grew its stake in shares of H.B. Fuller by 9.9% in the 2nd quarter. Marshall Wace LLP now owns 290,005 shares of the specialty chemicals company’s stock valued at $22,319,000 after purchasing an additional 26,239 shares during the period. Lord Abbett & CO. LLC raised its holdings in shares of H.B. Fuller by 79.8% in the 3rd quarter. Lord Abbett & CO. LLC now owns 730,058 shares of the specialty chemicals company’s stock worth $57,952,000 after buying an additional 324,056 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of H.B. Fuller by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,258,752 shares of the specialty chemicals company’s stock worth $99,939,000 after buying an additional 18,734 shares during the period. 95.93% of the stock is owned by institutional investors.

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.