H. B. Fuller Company (NYSE:FUL) Receives Average Recommendation of “Hold” from Analysts

Shares of H. B. Fuller Company (NYSE:FUL) have received an average recommendation of “Hold” from the six research firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $67.75.

Several research firms recently issued reports on FUL. Wall Street Zen raised H. B. Fuller from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. UBS Group set a $66.00 price objective on H. B. Fuller in a report on Friday, January 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of H. B. Fuller in a report on Monday, December 29th. Citigroup upped their target price on 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 reissued a “buy” rating on shares of H. B. Fuller in a research report on Friday, January 16th.

H. B. Fuller Stock Performance

Shares of H. B. Fuller stock opened at $65.71 on Friday. The company has a 50 day moving average price of $62.96 and a 200 day moving average price of $60.57. The firm has a market capitalization of $3.57 billion, a P/E ratio of 21.90, a PEG ratio of 0.98 and a beta of 1.10. The company has a quick ratio of 1.06, a current ratio of 1.70 and a debt-to-equity ratio of 1.01. H. B. Fuller has a 52 week low of $47.56 and a 52 week high of $68.63.

H. B. Fuller (NYSE:FUL) last issued its quarterly earnings results on Thursday, January 15th. The specialty chemicals company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.04. The business had revenue of $894.79 million for the quarter, compared to analyst estimates of $901.34 million. H. B. Fuller had a net margin of 4.38% and a return on equity of 12.21%. H. B. Fuller’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.92 EPS. Sell-side analysts expect that H. B. Fuller will post 4.07 EPS for the current year.

H. B. Fuller Dividend Announcement

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

Hedge Funds Weigh In On H. B. Fuller

Institutional investors have recently modified their holdings of the stock. Bleakley Financial Group LLC boosted its stake in shares of H. B. Fuller by 1.5% in the fourth quarter. Bleakley Financial Group LLC now owns 11,687 shares of the specialty chemicals company’s stock worth $695,000 after buying an additional 168 shares during the last quarter. California State Teachers Retirement System raised its position in H. B. Fuller by 0.3% during the second quarter. California State Teachers Retirement System now owns 50,486 shares of the specialty chemicals company’s stock valued at $3,037,000 after acquiring an additional 173 shares in the last quarter. Glenmede Investment Management LP lifted its holdings in H. B. Fuller by 3.9% in the third quarter. Glenmede Investment Management LP now owns 4,809 shares of the specialty chemicals company’s stock valued at $285,000 after acquiring an additional 179 shares during the period. CIBC Asset Management Inc boosted its position in H. B. Fuller by 3.6% in the 4th quarter. CIBC Asset Management Inc now owns 5,273 shares of the specialty chemicals company’s stock worth $314,000 after purchasing an additional 185 shares in the last quarter. Finally, Allworth Financial LP boosted its position in H. B. Fuller by 50.1% in the 4th quarter. Allworth Financial LP now owns 578 shares of the specialty chemicals company’s stock worth $34,000 after purchasing an additional 193 shares in the last quarter. Hedge funds and other institutional investors own 95.93% of the company’s stock.

H. B. Fuller Company Profile

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.