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

H.B. Fuller (NYSE:FUL) gapped down prior to trading 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.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Citigroup decreased their price objective 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 research note on Wednesday, September 18th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $92.75.

H.B. Fuller Stock Down 7.8 %

The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.16 and a current ratio of 1.89. The company has a fifty day simple moving average of $73.82 and a two-hundred day simple moving average of $78.02. The firm has a market capitalization of $3.40 billion, a PE ratio of 19.21, a PEG ratio of 1.24 and a beta of 1.41.

Institutional Investors Weigh In On H.B. Fuller

Several hedge funds have recently added to or reduced their stakes in FUL. Lord Abbett & CO. LLC increased its stake in 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 worth $57,952,000 after buying an additional 324,056 shares in the last quarter. Geode Capital Management LLC lifted its holdings in H.B. Fuller by 1.5% in 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. S&CO Inc. raised 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 valued at $21,209,000 after buying an additional 920 shares during the period. 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. Finally, Dorsey & Whitney Trust CO LLC grew its stake 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 buying an additional 5,356 shares in the last quarter. 95.93% of the stock is owned by hedge funds and other institutional investors.

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.