H.B. Fuller (NYSE:FUL) Cut to “Hold” at Vertical Research

H.B. Fuller (NYSE:FUL) was downgraded by equities research analysts at Vertical Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Briefing.com Automated Import reports.

A number of other equities research analysts also recently commented on the company. StockNews.com downgraded H.B. Fuller from a “buy” rating to a “hold” rating in a research report on Wednesday, September 18th. Citigroup dropped their price objective on H.B. Fuller from $78.00 to $68.00 and set a “neutral” rating on the stock in a report on Friday. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $90.25.

H.B. Fuller Stock Performance

Shares of H.B. Fuller stock opened at $62.79 on Monday. The business’s 50 day moving average price is $73.33 and its 200 day moving average price is $77.78. The company has a market cap of $3.43 billion, a price-to-earnings ratio of 19.38, a PEG ratio of 1.24 and a beta of 1.43. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.16 and a current ratio of 1.89. H.B. Fuller has a one year low of $61.71 and a one year high of $87.67.

Institutional Investors Weigh In On H.B. Fuller

Several hedge funds have recently modified their holdings of the stock. Lord Abbett & CO. LLC raised its position in H.B. Fuller by 79.8% during 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 during the last quarter. Geode Capital Management LLC grew its position in shares of H.B. Fuller by 1.5% in the third quarter. Geode Capital Management LLC now owns 1,258,752 shares of the specialty chemicals company’s stock valued at $99,939,000 after purchasing an additional 18,734 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its stake in shares of H.B. Fuller by 8.1% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 71,354 shares of the specialty chemicals company’s stock worth $5,491,000 after purchasing an additional 5,356 shares in the last quarter. Marshall Wace LLP lifted its stake in 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 buying an additional 26,239 shares in the last quarter. Finally, S&CO Inc. raised its holdings in shares of H.B. Fuller by 0.3% in the third quarter. S&CO Inc. now owns 267,192 shares of the specialty chemicals company’s stock worth $21,209,000 after acquiring an additional 920 shares during the last quarter. 95.93% of the stock is owned by institutional investors and hedge funds.

H.B. Fuller Company Profile

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.