Brokerages Set H. B. Fuller Company (NYSE:FUL) PT at $67.86

H. B. Fuller Company (NYSE:FUL) has been assigned an average rating of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $67.8571.

Several equities research analysts recently weighed in on FUL shares. UBS Group set a $69.00 price target on H. B. Fuller in a report on Friday, June 26th. Wall Street Zen downgraded shares of H. B. Fuller from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 25th. JPMorgan Chase & Co. upgraded shares of H. B. Fuller from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $58.00 to $67.00 in a research note on Friday, June 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of H. B. Fuller in a report on Tuesday, June 30th. Finally, Raymond James Financial set a $67.00 price target on shares of H. B. Fuller in a research note on Friday, June 26th.

Insider Activity at H. B. Fuller

In other news, VP Nathan D. Weaver sold 9,561 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $62.06, for a total value of $593,355.66. Following the completion of the sale, the vice president directly owned 11,739 shares of the company’s stock, valued at $728,522.34. This trade represents a 44.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.83% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Allworth Financial LP increased its holdings in shares of H. B. Fuller by 50.1% in the 4th quarter. Allworth Financial LP now owns 578 shares of the specialty chemicals company’s stock valued at $34,000 after purchasing an additional 193 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in H. B. Fuller by 432.9% in the fourth quarter. Hantz Financial Services Inc. now owns 778 shares of the specialty chemicals company’s stock valued at $46,000 after purchasing an additional 632 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of H. B. Fuller in the fourth quarter valued at $46,000. Torren Management LLC acquired a new position in shares of H. B. Fuller during the 4th quarter worth $52,000. Finally, Brown Brothers Harriman & Co. acquired a new position in shares of H. B. Fuller during the 3rd quarter worth $56,000. Hedge funds and other institutional investors own 95.93% of the company’s stock.

H. B. Fuller Stock Up 1.5%

FUL opened at $60.78 on Friday. H. B. Fuller has a 52 week low of $48.71 and a 52 week high of $68.63. The business has a 50 day moving average price of $59.37 and a two-hundred day moving average price of $60.54. The company has a quick ratio of 1.12, a current ratio of 1.80 and a debt-to-equity ratio of 1.00. The company has a market cap of $3.27 billion, a PE ratio of 18.64, a P/E/G ratio of 0.65 and a beta of 0.98.

H. B. Fuller (NYSE:FUL) last announced its earnings results on Thursday, June 25th. The specialty chemicals company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.04. The company had revenue of $950.27 million for the quarter, compared to the consensus estimate of $924.83 million. H. B. Fuller had a return on equity of 12.18% and a net margin of 5.29%.The company’s revenue was up 5.8% on a year-over-year basis. During the same period last year, the business posted $1.18 EPS. As a group, research analysts anticipate that H. B. Fuller will post 4.87 EPS for the current year.

H. B. Fuller Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th were issued a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Thursday, July 30th. H. B. Fuller’s payout ratio is currently 30.06%.

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.