H.B. Fuller (NYSE:FUL) Reaches New 12-Month Low - Here's Why

H.B. Fuller (NYSE:FUL - Get Free Report)'s share price 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 traded. The stock had previously closed at $63.19.

Analyst Ratings Changes

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

H.B. Fuller Stock Down 3.1 %

The company has a quick ratio of 1.16, a current ratio of 1.89 and a debt-to-equity ratio of 1.10. The company 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 business's 50-day moving average is $72.42 and its 200-day moving average is $77.37.

Hedge Funds Weigh In On H.B. Fuller

Several institutional investors have recently made changes to their positions in FUL. Geode Capital Management LLC grew its stake in 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 during the period. Lord Abbett & CO. LLC increased its stake in shares of H.B. Fuller by 79.8% during 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 in the last quarter. Marshall Wace LLP raised 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 worth $22,319,000 after purchasing an additional 26,239 shares during the last quarter. Finally, S&CO Inc. raised 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 purchasing an additional 920 shares during the last quarter. 95.93% of the stock is owned by hedge funds and other institutional investors.

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.