H. B. Fuller Company (NYSE:FUL) Receives $66.20 Consensus Target Price from Analysts

H. B. Fuller Company (NYSE:FUL) has received an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, three have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $66.20.

Several research firms have recently issued reports on FUL. Citigroup upgraded shares of H. B. Fuller from a “neutral” rating to a “buy” rating and upped their target price for the stock from $62.00 to $70.00 in a research note on Wednesday, October 22nd. Weiss Ratings restated a “hold (c-)” rating on shares of H. B. Fuller in a report on Monday, December 1st. UBS Group began coverage on shares of H. B. Fuller in a research note on Friday, November 21st. They issued a “neutral” rating and a $60.00 price objective for the company. Seaport Res Ptn raised shares of H. B. Fuller from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 26th. Finally, Wall Street Zen lowered H. B. Fuller from a “buy” rating to a “hold” rating in a report on Monday, November 24th.

Insider Buying and Selling at H. B. Fuller

In other news, VP Nathan D. Weaver sold 7,075 shares of H. B. Fuller stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $58.38, for a total transaction of $413,038.50. Following the sale, the vice president directly owned 9,441 shares in the company, valued at $551,165.58. The trade was a 42.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO John J. Corkrean sold 14,222 shares of the stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $60.31, for a total transaction of $857,728.82. Following the transaction, the chief financial officer owned 54,646 shares of the company’s stock, valued at approximately $3,295,700.26. The trade was a 20.65% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.99% of the company’s stock.

Institutional Investors Weigh In On H. B. Fuller

A number of hedge funds have recently modified their holdings of the stock. Partners Capital Investment Group LLP raised its holdings in H. B. Fuller by 90.3% during the 1st quarter. Partners Capital Investment Group LLP now owns 64,901 shares of the specialty chemicals company’s stock valued at $3,642,000 after acquiring an additional 30,805 shares during the period. Entropy Technologies LP purchased a new position in shares of H. B. Fuller in the first quarter valued at $581,000. Vanguard Personalized Indexing Management LLC raised its stake in shares of H. B. Fuller by 12.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,904 shares of the specialty chemicals company’s stock valued at $596,000 after purchasing an additional 1,077 shares during the period. QRG Capital Management Inc. raised its stake in shares of H. B. Fuller by 19.1% during the 2nd quarter. QRG Capital Management Inc. now owns 8,147 shares of the specialty chemicals company’s stock valued at $490,000 after purchasing an additional 1,309 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in H. B. Fuller by 16.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 612,048 shares of the specialty chemicals company’s stock worth $36,815,000 after purchasing an additional 85,469 shares in the last quarter. Institutional investors own 95.93% of the company’s stock.

H. B. Fuller Price Performance

FUL stock opened at $59.54 on Monday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.18 and a current ratio of 1.93. The business has a 50-day simple moving average of $58.29 and a two-hundred day simple moving average of $58.77. The company has a market capitalization of $3.22 billion, a P/E ratio of 32.19, a price-to-earnings-growth ratio of 0.93 and a beta of 1.09. H. B. Fuller has a 52-week low of $47.56 and a 52-week high of $76.10.

H. B. Fuller (NYSE:FUL) last posted its earnings results on Wednesday, April 13th. The specialty chemicals company reported $0.66 earnings per share for the quarter. H. B. Fuller had a return on equity of 11.49% and a net margin of 3.28%.The company had revenue of $725.90 million for the quarter. H. B. Fuller has set its FY 2022 guidance at $4.100-$4.350 EPS. Research analysts expect that H. B. Fuller will post 4.07 EPS for the current fiscal year.

H. B. Fuller Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 30th. Shareholders of record on Thursday, October 16th were paid a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Thursday, October 16th. H. B. Fuller’s dividend payout ratio is 50.81%.

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.