H.B. Fuller (NYSE:FUL) Sets New 12-Month Low – What’s Next?

H.B. Fuller (NYSE:FUL)’s stock price 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 changing hands. The stock had previously closed at $63.19.

Wall Street Analysts Forecast Growth

FUL has been the subject of a number of recent analyst reports. StockNews.com lowered H.B. Fuller from a “buy” rating to a “hold” rating in a research report on Wednesday, September 18th. Vertical Research cut H.B. Fuller from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Citigroup reduced their price target on H.B. Fuller from $78.00 to $68.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $90.25.

H.B. Fuller Trading Down 3.2 %

The stock has a 50-day moving average of $72.42 and a two-hundred day moving average of $77.37. The company has a market cap of $3.34 billion, a P/E ratio of 18.89, a price-to-earnings-growth 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.

Hedge Funds Weigh In On H.B. Fuller

Several large investors have recently modified their holdings of the stock. Lord Abbett & CO. LLC lifted its position in H.B. Fuller by 79.8% in 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 in the last quarter. Marshall Wace LLP lifted its holdings in shares of H.B. Fuller by 9.9% during the second 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. Geode Capital Management LLC boosted its position 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 buying an additional 18,734 shares during the last quarter. Finally, S&CO Inc. increased its holdings in H.B. Fuller by 0.3% in 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 in the last quarter. Hedge funds and other institutional investors 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.