H.B. Fuller (NYSE:FUL) Shares Gap Down – Here’s Why

H.B. Fuller (NYSE:FUL) shares gapped down before the market opened on Thursday . The stock had previously closed at $67.48, but opened at $61.71. H.B. Fuller shares last traded at $63.21, with a volume of 72,356 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Citigroup lowered their target price on shares of H.B. Fuller from $85.00 to $78.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. StockNews.com lowered H.B. Fuller from a “buy” rating to a “hold” rating in a report on Wednesday, September 18th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, H.B. Fuller presently has an average rating of “Hold” and an average target price of $92.75.

H.B. Fuller Price Performance

The company has a market cap of $3.40 billion, a price-to-earnings ratio of 19.21, a P/E/G ratio of 1.24 and a beta of 1.41. The company has a 50 day moving average price of $73.82 and a 200-day moving average price of $78.02. The company has a quick ratio of 1.16, a current ratio of 1.89 and a debt-to-equity ratio of 1.10.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Dorsey & Whitney Trust CO LLC raised its position in shares of 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 purchasing an additional 5,356 shares during the period. S&CO Inc. increased its position in shares of H.B. Fuller by 0.3% during the 3rd 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 during the last quarter. Marshall Wace LLP lifted its holdings 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 worth $22,319,000 after acquiring an additional 26,239 shares during the last quarter. Lord Abbett & CO. LLC grew its holdings in shares of H.B. Fuller by 79.8% in the third quarter. Lord Abbett & CO. LLC now owns 730,058 shares of the specialty chemicals company’s stock worth $57,952,000 after purchasing an additional 324,056 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of H.B. Fuller by 1.5% during 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 acquiring an additional 18,734 shares during the last quarter. Institutional investors and hedge funds own 95.93% of the company’s stock.

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.