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. “
A number of other research firms also recently commented on FUL. JPMorgan Chase & Co. downgraded HB Fuller from an “overweight” rating to a “neutral” rating and set a $50.79 target price on the stock. in a research report on Tuesday, April 9th. They noted that the move was a valuation call. TheStreet downgraded HB Fuller from a “b-” rating to a “c+” rating in a research report on Tuesday, June 4th. Finally, ValuEngine downgraded HB Fuller from a “hold” rating to a “sell” rating in a research report on Monday, May 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $57.97.
HB Fuller (NYSE:FUL) last posted its earnings results on Wednesday, March 27th. The specialty chemicals company reported $0.34 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.34. The company had revenue of $673.00 million for the quarter, compared to the consensus estimate of $697.64 million. HB Fuller had a return on equity of 13.53% and a net margin of 4.52%. The firm’s revenue was down 5.6% on a year-over-year basis. On average, equities analysts anticipate that HB Fuller will post 3.29 earnings per share for the current fiscal year.
In other news, VP Heather Campe sold 11,457 shares of the company’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $50.36, for a total value of $576,974.52. Following the sale, the vice president now directly owns 20,644 shares in the company, valued at $1,039,631.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.46% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the company. Icon Wealth Partners LLC purchased a new stake in shares of HB Fuller in the first quarter valued at $27,000. Investors Research Corp purchased a new stake in shares of HB Fuller in the first quarter valued at $58,000. Advisor Group Inc. lifted its position in shares of 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 acquiring an additional 517 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in shares of HB Fuller by 16.5% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,643 shares of the specialty chemicals company’s stock valued at $113,000 after acquiring an additional 375 shares in the last quarter. Finally, Strs Ohio lifted its position in shares of 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 acquiring an additional 1,200 shares in the last quarter. Institutional investors and hedge funds own 98.94% of the company’s stock.
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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