FY2022 Earnings Forecast for H.B. Fuller (NYSE:FUL) Issued By Seaport Res Ptn

H.B. Fuller (NYSE:FULGet Rating) – Analysts at Seaport Res Ptn lowered their FY2022 earnings per share estimates for shares of H.B. Fuller in a note issued to investors on Wednesday, September 14th. Seaport Res Ptn analyst M. Harrison now forecasts that the specialty chemicals company will post earnings of $4.13 per share for the year, down from their prior forecast of $4.26. The consensus estimate for H.B. Fuller’s current full-year earnings is $4.22 per share.

H.B. Fuller (NYSE:FULGet Rating) last posted its earnings results on Wednesday, June 22nd. The specialty chemicals company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.04. H.B. Fuller had a return on equity of 12.95% and a net margin of 5.09%. The business had revenue of $993.26 million during the quarter, compared to analyst estimates of $965.21 million. During the same quarter in the previous year, the firm earned $0.94 EPS.

FUL has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft cut their price objective on H.B. Fuller from $85.00 to $72.00 and set a “buy” rating for the company in a report on Friday, June 24th. JPMorgan Chase & Co. lowered H.B. Fuller from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $70.00 to $52.00 in a report on Friday, June 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, H.B. Fuller has a consensus rating of “Hold” and a consensus target price of $71.00.

H.B. Fuller Stock Up 3.5 %

Shares of NYSE FUL opened at $61.88 on Monday. H.B. Fuller has a 12 month low of $57.36 and a 12 month high of $81.73. The company has a current ratio of 1.95, a quick ratio of 1.20 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 18.69 and a beta of 1.54. The business has a 50-day moving average of $64.67 and a 200-day moving average of $65.78.

Institutional Trading of H.B. Fuller

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Eagle Bay Advisors LLC bought a new position in shares of H.B. Fuller during the second quarter valued at approximately $33,000. Castleview Partners LLC bought a new position in shares of H.B. Fuller during the fourth quarter valued at approximately $127,000. Russell Investments Group Ltd. raised its holdings in shares of H.B. Fuller by 40.5% during the first quarter. Russell Investments Group Ltd. now owns 5,598 shares of the specialty chemicals company’s stock valued at $369,000 after acquiring an additional 1,613 shares in the last quarter. Mutual of America Capital Management LLC raised its holdings in shares of H.B. Fuller by 6.0% during the first quarter. Mutual of America Capital Management LLC now owns 7,613 shares of the specialty chemicals company’s stock valued at $503,000 after acquiring an additional 434 shares in the last quarter. Finally, Sciencast Management LP bought a new position in shares of H.B. Fuller during the second quarter valued at approximately $564,000. Institutional investors own 96.38% of the company’s stock.

Insiders Place Their Bets

In other news, Director Trangsrud Teresa J. Rasmussen bought 1,000 shares of the business’s stock in a transaction on Tuesday, July 5th. The stock was acquired at an average price of $58.20 per share, with a total value of $58,200.00. Following the completion of the purchase, the director now directly owns 1,000 shares in the company, valued at $58,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Trangsrud Teresa J. Rasmussen acquired 1,000 shares of the stock in a transaction on Tuesday, July 5th. The stock was purchased at an average price of $58.20 per share, for a total transaction of $58,200.00. Following the completion of the transaction, the director now owns 1,000 shares of the company’s stock, valued at approximately $58,200. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Nathan D. Weaver sold 5,988 shares of the business’s stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $62.82, for a total value of $376,166.16. Following the completion of the sale, the vice president now owns 3,766 shares of the company’s stock, valued at approximately $236,580.12. The disclosure for this sale can be found here. 4.69% of the stock is owned by insiders.

H.B. Fuller Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 28th. Shareholders of record on Thursday, July 14th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Wednesday, July 13th. H.B. Fuller’s dividend payout ratio is currently 22.96%.

About H.B. Fuller

(Get Rating)

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products worldwide. The company operates through three segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Construction Adhesives.

See Also

Earnings History and Estimates for H.B. Fuller (NYSE:FUL)

Receive News & Ratings for H.B. Fuller Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for H.B. Fuller and related companies with MarketBeat.com's FREE daily email newsletter.