H.B. Fuller (NYSE:FUL) Sets New 12-Month Low – Time to Sell?

H.B. Fuller (NYSE:FUL) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as $61.36 and last traded at $61.47, with a volume of 52016 shares traded. The stock had previously closed at $63.19.

Analyst Upgrades and Downgrades

Several equities analysts have commented on FUL shares. StockNews.com downgraded H.B. Fuller from a “buy” rating to a “hold” rating in a research report on Wednesday, September 18th. Citigroup reduced their target price on shares of H.B. Fuller from $78.00 to $68.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Finally, Vertical Research cut shares of H.B. Fuller from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, H.B. Fuller currently has an average rating of “Hold” and a consensus target price of $90.25.

H.B. Fuller Stock Performance

The company has a market capitalization of $3.34 billion, a price-to-earnings ratio of 18.89, a price-to-earnings-growth ratio of 1.24 and a beta of 1.43. The stock has a 50 day moving average of $72.19 and a 200 day moving average of $77.26. 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 Trading of H.B. Fuller

Large investors have recently bought and sold shares of the business. Marshall Wace LLP boosted its position in shares of H.B. Fuller by 9.9% during 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 in the last quarter. S&CO Inc. grew 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 worth $21,209,000 after buying an additional 920 shares during the period. Geode Capital Management LLC increased its stake in shares of H.B. Fuller by 1.5% in the 3rd 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 in the last quarter. Finally, Lord Abbett & CO. LLC lifted its position in shares of 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 valued at $57,952,000 after acquiring an additional 324,056 shares during the period. 95.93% of the stock is currently owned by institutional investors and hedge funds.

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.