HB Fuller (NYSE:FUL) Lowered to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of HB Fuller (NYSE:FUL) from a hold rating to a sell rating in a research note issued to investors on Wednesday morning, Zacks.com reports.

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 equities analysts have also issued reports on FUL. ValuEngine lowered WideOpenWest from a hold rating to a sell rating in a research note on Friday, June 28th. TheStreet lowered TIM Participacoes from a b rating to a c+ rating in a research note on Tuesday, June 4th. Finally, JPMorgan Chase & Co. reaffirmed an overweight rating on shares of in a research note on Friday, June 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The stock has an average rating of Hold and an average target price of $55.60.

Shares of FUL stock opened at $47.02 on Wednesday. The business’s fifty day simple moving average is $44.05. The company has a quick ratio of 1.40, a current ratio of 2.14 and a debt-to-equity ratio of 1.85. The company has a market capitalization of $2.34 billion, a PE ratio of 15.67, a PEG ratio of 1.25 and a beta of 1.59. HB Fuller has a 52 week low of $39.22 and a 52 week high of $59.58.

HB Fuller (NYSE:FUL) last announced its earnings results on Wednesday, June 26th. The specialty chemicals company reported $0.88 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.01). The business had revenue of $759.60 million for the quarter, compared to the consensus estimate of $779.07 million. HB Fuller had a return on equity of 13.38% and a net margin of 4.31%. HB Fuller’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.89 EPS. Equities research analysts forecast that HB Fuller will post 3.16 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Icon Wealth Partners LLC acquired a new position in HB Fuller in the first quarter valued at about $27,000. Investors Research Corp acquired a new position in HB Fuller in the first quarter valued at about $58,000. Advisor Group Inc. lifted its stake in HB Fuller by 52.8% in the fourth quarter. Advisor Group Inc. now owns 1,497 shares of the specialty chemicals company’s stock valued at $64,000 after buying an additional 517 shares during the period. Strs Ohio lifted its stake in HB Fuller by 92.3% in the first quarter. Strs Ohio now owns 2,500 shares of the specialty chemicals company’s stock valued at $121,000 after buying an additional 1,200 shares during the period. Finally, BerganKDV Wealth Management LLC acquired a new position in HB Fuller in the first quarter valued at about $146,000. 98.92% of the stock is currently owned by institutional investors and hedge funds.

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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