H. B. Fuller Company (NYSE:FUL) Receives $67.86 Average Price Target from Analysts

H. B. Fuller Company (NYSE:FUL) has received an average recommendation of “Buy” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $67.8571.

Several analysts recently commented on the company. UBS Group set a $69.00 target price on H. B. Fuller in a report on Friday, June 26th. Deutsche Bank Aktiengesellschaft upped their price objective on H. B. Fuller from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. JPMorgan Chase & Co. raised shares of H. B. Fuller from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $58.00 to $67.00 in a research note on Friday, June 26th. The Goldman Sachs Group set a $67.00 target price on shares of H. B. Fuller in a report on Friday, June 26th. Finally, Weiss Ratings cut shares of H. B. Fuller from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday.

H. B. Fuller Price Performance

NYSE:FUL opened at $50.91 on Wednesday. H. B. Fuller has a one year low of $48.71 and a one year high of $68.63. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.12 and a current ratio of 1.80. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 15.62, a PEG ratio of 0.55 and a beta of 0.97. The firm’s fifty day moving average is $56.68 and its two-hundred day moving average is $59.09.

H. B. Fuller (NYSE:FUL) last announced its quarterly earnings results on Thursday, June 25th. The specialty chemicals company reported $1.41 earnings per share for the quarter, topping 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 firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the firm earned $1.18 EPS. Research analysts expect that H. B. Fuller will post 4.87 EPS for the current year.

H. B. Fuller Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, July 30th were given a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a yield of 1.9%. The ex-dividend date was Thursday, July 30th. H. B. Fuller’s dividend payout ratio (DPR) is currently 30.06%.

Insiders Place Their Bets

In other H. B. Fuller news, VP Nathan Weaver sold 9,561 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $62.06, for a total value of $593,355.66. Following the completion of the transaction, the vice president owned 11,739 shares in the company, valued at approximately $728,522.34. This represents a 44.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.83% of the company’s stock.

Institutional Investors Weigh In On H. B. Fuller

A number of institutional investors have recently modified their holdings of FUL. Jefferies Financial Group Inc. acquired a new position in shares of H. B. Fuller during the 4th quarter worth approximately $2,644,000. Norges Bank purchased a new position in shares of H. B. Fuller during the 4th quarter valued at approximately $44,203,000. Congruence Capital LLC purchased a new position in shares of H. B. Fuller during the 4th quarter valued at approximately $10,048,000. Kennedy Capital Management LLC grew its stake in H. B. Fuller by 43.4% in the 4th quarter. Kennedy Capital Management LLC now owns 630,194 shares of the specialty chemicals company’s stock valued at $37,471,000 after acquiring an additional 190,750 shares during the period. Finally, S&CO Inc. acquired a new stake in H. B. Fuller in the 2nd quarter valued at $14,093,000. 95.93% of the stock is currently owned by institutional investors and hedge funds.

H. B. Fuller Company Profile

H.B. Fuller Company (NYSE: FUL) develops and manufactures specialty adhesives, sealants and other chemical-based products used in industrial and commercial applications. Its solutions help customers bond, seal, coat and assemble materials across a range of products and manufacturing processes.

The company serves markets including packaging, hygiene and disposable products, construction, transportation, electronics, durable assembly, woodworking, flooring, composites and renewable energy.