H. B. Fuller (NYSE:FUL) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of H. B. Fuller (NYSE:FUL) from a hold rating to a buy rating in a research note published on Saturday.

A number of other equities research analysts also recently commented on FUL. Weiss Ratings restated a “hold (c)” rating on shares of H. B. Fuller in a research report on Monday, December 29th. UBS Group set a $66.00 price objective on H. B. Fuller in a research report on Friday, January 16th. Citigroup upped their target price on shares of H. B. Fuller from $70.00 to $76.00 and gave the company a “buy” rating in a research report on Friday, January 16th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of H. B. Fuller in a research report on Friday, January 16th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, H. B. Fuller presently has an average rating of “Hold” and a consensus target price of $67.75.

H. B. Fuller Stock Performance

NYSE:FUL opened at $67.43 on Friday. The company’s 50-day moving average is $61.72 and its two-hundred day moving average is $59.92. H. B. Fuller has a 1-year low of $47.56 and a 1-year high of $68.63. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.70 and a quick ratio of 1.06. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of 22.48, a PEG ratio of 1.01 and a beta of 1.10.

H. B. Fuller (NYSE:FUL) last announced its quarterly earnings results on Thursday, January 15th. The specialty chemicals company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.04. H. B. Fuller had a net margin of 4.38% and a return on equity of 12.21%. The business had revenue of $894.79 million during the quarter, compared to the consensus estimate of $901.34 million. During the same quarter last year, the firm earned $0.92 EPS. The business’s revenue was down 3.1% compared to the same quarter last year. Analysts forecast that H. B. Fuller will post 4.07 EPS for the current year.

H. B. Fuller Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Stockholders of record on Thursday, February 5th will be given a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, February 5th. H. B. Fuller’s dividend payout ratio is currently 31.33%.

Institutional Investors Weigh In On H. B. Fuller

Several large investors have recently added to or reduced their stakes in the business. Capital World Investors boosted its position in H. B. Fuller by 0.5% in the 3rd quarter. Capital World Investors now owns 2,583,213 shares of the specialty chemicals company’s stock valued at $153,133,000 after buying an additional 12,720 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of H. B. Fuller by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,475,448 shares of the specialty chemicals company’s stock valued at $147,193,000 after acquiring an additional 61,102 shares in the last quarter. Cooke & Bieler LP boosted its holdings in H. B. Fuller by 13.3% in the fourth quarter. Cooke & Bieler LP now owns 1,677,674 shares of the specialty chemicals company’s stock valued at $99,754,000 after purchasing an additional 196,644 shares during the period. Geode Capital Management LLC grew its stake in H. B. Fuller by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 1,286,348 shares of the specialty chemicals company’s stock worth $77,383,000 after purchasing an additional 5,323 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in H. B. Fuller by 5.7% during the 4th quarter. Victory Capital Management Inc. now owns 1,228,068 shares of the specialty chemicals company’s stock worth $73,021,000 after purchasing an additional 66,686 shares during the period. 95.93% of the stock is owned by hedge funds and other institutional investors.

About H. B. Fuller

H. B. Fuller Company, founded in 1887 and headquartered in St. Paul, Minnesota, is a global adhesives and specialty chemical solutions provider serving a wide array of industries. The company develops, manufactures and markets adhesive technologies, sealants, polymers and related chemical products designed to enhance product performance, sustainability and manufacturing efficiency.

Fuller’s product portfolio spans multiple market segments, including packaging and converting, general industrial assembly, electronics, transportation, hygiene and construction.