H. B. Fuller Company (NYSE:FUL) Receives $67.75 Average PT from Analysts

H. B. Fuller Company (NYSE:FUL) has been given a consensus recommendation of “Hold” by the six brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $65.50.

FUL has been the topic of several recent research reports. Citigroup reduced their price target on shares of H. B. Fuller from $76.00 to $67.00 and set a “buy” rating on the stock in a report on Thursday. Wall Street Zen downgraded H. B. Fuller from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of H. B. Fuller in a research note on Monday, December 29th. UBS Group set a $66.00 price target on H. B. Fuller in a research report on Friday, January 16th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of H. B. Fuller in a report on Friday, January 16th.

H. B. Fuller Trading Down 2.3%

Shares of FUL stock opened at $49.17 on Wednesday. The stock has a market cap of $2.68 billion, a P/E ratio of 16.39, a P/E/G ratio of 0.75 and a beta of 1.07. 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 fifty-two week low of $47.56 and a fifty-two week high of $68.63. The business has a fifty day simple moving average of $61.90 and a 200-day simple moving average of $60.26.

H. B. Fuller (NYSE:FUL) last issued its quarterly earnings data on Thursday, January 15th. The specialty chemicals company reported $1.28 EPS for the quarter, beating 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 firm had revenue of $894.79 million for the quarter, compared to analysts’ expectations of $901.34 million. During the same period in the prior year, the company earned $0.92 EPS. The firm’s revenue was down 3.1% on a year-over-year basis. On average, analysts forecast that H. B. Fuller will post 4.07 earnings per share for the current fiscal year.

H. B. Fuller Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Thursday, February 5th were paid a $0.235 dividend. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $0.94 annualized dividend and a yield of 1.9%. H. B. Fuller’s payout ratio is presently 31.33%.

Institutional Investors Weigh In On H. B. Fuller

Several hedge funds have recently modified their holdings of FUL. Bleakley Financial Group LLC increased its stake in H. B. Fuller by 1.5% during the fourth quarter. Bleakley Financial Group LLC now owns 11,687 shares of the specialty chemicals company’s stock worth $695,000 after acquiring an additional 168 shares during the last quarter. California State Teachers Retirement System raised its holdings in shares of H. B. Fuller by 0.3% in the 2nd quarter. California State Teachers Retirement System now owns 50,486 shares of the specialty chemicals company’s stock worth $3,037,000 after purchasing an additional 173 shares during the period. Glenmede Investment Management LP lifted its stake in shares of H. B. Fuller by 3.9% in the 3rd quarter. Glenmede Investment Management LP now owns 4,809 shares of the specialty chemicals company’s stock valued at $285,000 after purchasing an additional 179 shares in the last quarter. CIBC Asset Management Inc lifted its stake in shares of 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 valued at $314,000 after purchasing an additional 185 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in shares of H. B. Fuller by 50.1% during 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 during the period. 95.93% of the stock is owned by institutional investors and hedge funds.

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.