H.B. Fuller (NYSE:FUL) Receives $86.20 Average Target Price from Analysts

Shares of H.B. Fuller (NYSE:FUL) have been given an average rating of “Hold” by the five analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $86.20.

A number of brokerages recently commented on FUL. Robert W. Baird raised their price objective on shares of H.B. Fuller from $80.00 to $90.00 and gave the company a “neutral” rating in a research report on Monday, April 1st. Vertical Research initiated coverage on shares of H.B. Fuller in a research report on Tuesday, March 19th. They set a “buy” rating and a $88.00 price target for the company. StockNews.com upgraded shares of H.B. Fuller from a “hold” rating to a “buy” rating in a research report on Thursday, January 18th. Finally, Stifel Nicolaus lifted their price target on shares of H.B. Fuller from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, January 19th.

Insider Transactions at H.B. Fuller

In other H.B. Fuller news, EVP James J. East sold 22,316 shares of H.B. Fuller stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $78.27, for a total value of $1,746,673.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP James J. East sold 22,316 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $78.27, for a total transaction of $1,746,673.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Muhammad Shahbaz Malik sold 14,000 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $76.28, for a total transaction of $1,067,920.00. Following the sale, the vice president now directly owns 9,089 shares of the company’s stock, valued at $693,308.92. The disclosure for this sale can be found here. Insiders sold a total of 60,301 shares of company stock valued at $4,673,473 in the last ninety days. Corporate insiders own 1.96% of the company’s stock.

Institutional Trading of H.B. Fuller

Several institutional investors have recently made changes to their positions in the stock. Kennedy Capital Management LLC lifted its holdings in H.B. Fuller by 19.3% in the 3rd quarter. Kennedy Capital Management LLC now owns 82,273 shares of the specialty chemicals company’s stock worth $5,645,000 after buying an additional 13,328 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its holdings in H.B. Fuller by 11.0% in the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 66,857 shares of the specialty chemicals company’s stock worth $4,587,000 after buying an additional 6,606 shares in the last quarter. Luminus Management LLC lifted its holdings in H.B. Fuller by 123.9% in the 3rd quarter. Luminus Management LLC now owns 410,351 shares of the specialty chemicals company’s stock worth $28,154,000 after buying an additional 227,055 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in H.B. Fuller by 2.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 33,543 shares of the specialty chemicals company’s stock worth $2,301,000 after buying an additional 728 shares in the last quarter. Finally, Wesbanco Bank Inc. lifted its holdings in H.B. Fuller by 90.2% in the 3rd quarter. Wesbanco Bank Inc. now owns 9,700 shares of the specialty chemicals company’s stock worth $666,000 after buying an additional 4,600 shares in the last quarter. 95.93% of the stock is owned by hedge funds and other institutional investors.

H.B. Fuller Price Performance

Shares of NYSE:FUL opened at $75.87 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.99 and a debt-to-equity ratio of 1.03. The company has a market cap of $4.13 billion, a P/E ratio of 27.59, a PEG ratio of 1.20 and a beta of 1.52. H.B. Fuller has a 52 week low of $62.57 and a 52 week high of $84.31. The company has a 50-day moving average price of $78.55 and a 200 day moving average price of $76.27.

H.B. Fuller (NYSE:FUL) last announced its quarterly earnings data on Wednesday, March 27th. The specialty chemicals company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.03. The firm had revenue of $810.42 million during the quarter, compared to the consensus estimate of $823.04 million. H.B. Fuller had a net margin of 4.39% and a return on equity of 12.88%. The firm’s revenue was up .2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.55 earnings per share. Research analysts predict that H.B. Fuller will post 4.32 earnings per share for the current year.

H.B. Fuller Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, April 25th will be paid a dividend of $0.222 per share. This represents a $0.89 dividend on an annualized basis and a dividend yield of 1.17%. This is a boost from H.B. Fuller’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Wednesday, April 24th. H.B. Fuller’s dividend payout ratio (DPR) is 29.82%.

H.B. Fuller Company Profile

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