H.B. Fuller (NYSE:FUL) Sets New 52-Week Low – Should You Sell?

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

Analyst Ratings Changes

Several research firms have commented on FUL. StockNews.com downgraded shares of H.B. Fuller from a “buy” rating to a “hold” rating in a report on Wednesday, September 18th. Citigroup decreased their price target on shares of 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. Finally, Vertical Research downgraded shares of H.B. Fuller from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, H.B. Fuller currently has an average rating of “Hold” and a consensus price target of $90.25.

H.B. Fuller Price Performance

The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 18.89, a P/E/G ratio of 1.24 and a beta of 1.43. The company’s 50 day moving average is $72.19 and its 200 day moving average is $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 Investors Weigh In On H.B. Fuller

Large investors have recently added to or reduced their stakes in the stock. S&CO Inc. lifted its holdings 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 acquiring an additional 920 shares during the period. Geode Capital Management LLC lifted its stake in 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 worth $99,939,000 after purchasing an additional 18,734 shares during the last quarter. Marshall Wace LLP boosted 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 valued at $22,319,000 after purchasing an additional 26,239 shares in the last quarter. Finally, Lord Abbett & CO. LLC increased its stake in shares of 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 purchasing an additional 324,056 shares during the last quarter. Institutional investors and hedge funds own 95.93% of the company’s stock.

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.