H.B. Fuller (NYSE:FUL) Receives $63.33 Consensus PT from Brokerages

H.B. Fuller (NYSE:FUL) has earned a consensus rating of “Hold” from the five ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $63.33.

A number of equities research analysts have recently issued reports on FUL shares. Vertical Research cut shares of H.B. Fuller from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Citigroup cut their price target on shares of H.B. Fuller from $78.00 to $68.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Deutsche Bank Aktiengesellschaft decreased their price objective on H.B. Fuller from $75.00 to $72.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Seaport Res Ptn cut H.B. Fuller from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. lowered their price objective on H.B. Fuller from $60.00 to $50.00 and set an “underweight” rating for the company in a research report on Friday, March 28th.

Insider Buying and Selling

In other H.B. Fuller news, CEO Celeste Beeks Mastin bought 3,500 shares of the business’s stock in a transaction on Tuesday, April 1st. The shares were acquired at an average cost of $56.66 per share, for a total transaction of $198,310.00. Following the purchase, the chief executive officer now owns 3,500 shares in the company, valued at approximately $198,310. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.99% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FUL. Jones Financial Companies Lllp boosted its holdings in shares of H.B. Fuller by 128.8% during the 4th quarter. Jones Financial Companies Lllp now owns 899 shares of the specialty chemicals company’s stock valued at $61,000 after acquiring an additional 506 shares during the last quarter. Sterling Capital Management LLC raised its stake in H.B. Fuller by 731.1% during the 4th quarter. Sterling Capital Management LLC now owns 1,255 shares of the specialty chemicals company’s stock valued at $85,000 after buying an additional 1,104 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in shares of H.B. Fuller by 4.7% during the 4th quarter. MetLife Investment Management LLC now owns 33,058 shares of the specialty chemicals company’s stock valued at $2,231,000 after buying an additional 1,472 shares during the period. Quantbot Technologies LP purchased a new position in shares of H.B. Fuller in the 4th quarter worth $266,000. Finally, Wesbanco Bank Inc. lifted its holdings in H.B. Fuller by 41.2% in the fourth quarter. Wesbanco Bank Inc. now owns 13,700 shares of the specialty chemicals company’s stock valued at $924,000 after acquiring an additional 4,000 shares during the period. 95.93% of the stock is owned by institutional investors.

H.B. Fuller Trading Down 3.1 %

NYSE:FUL opened at $52.66 on Wednesday. The company has a market cap of $2.85 billion, a P/E ratio of 22.80, a P/E/G ratio of 1.13 and a beta of 1.27. H.B. Fuller has a 1 year low of $51.16 and a 1 year high of $87.67. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.81 and a quick ratio of 1.16. The stock’s fifty day moving average price is $57.65 and its two-hundred day moving average price is $67.91.

H.B. Fuller (NYSE:FUL) last posted its earnings results on Wednesday, March 26th. The specialty chemicals company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.05. The business had revenue of $788.66 million for the quarter, compared to analysts’ expectations of $769.55 million. H.B. Fuller had a net margin of 3.65% and a return on equity of 12.01%. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.67 EPS. As a group, analysts expect that H.B. Fuller will post 4.07 EPS for the current year.

H.B. Fuller Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were issued a $0.2225 dividend. This represents a $0.89 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date was Thursday, February 6th. H.B. Fuller’s dividend payout ratio (DPR) is presently 44.50%.

About H.B. Fuller

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.