Shares of HB Fuller Co (NYSE:FUL) have received a consensus rating of “Hold” from the ten analysts that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $60.43.
A number of brokerages have recently issued reports on FUL. Zacks Investment Research raised shares of HB Fuller from a “sell” rating to a “hold” rating in a research note on Tuesday, November 13th. Deutsche Bank reduced their price objective on shares of HB Fuller from $62.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, September 28th. Robert W. Baird reduced their price objective on shares of HB Fuller from $60.00 to $55.00 and set a “neutral” rating for the company in a research note on Friday, September 28th. Finally, ValuEngine cut shares of HB Fuller from a “hold” rating to a “sell” rating in a research note on Friday, September 28th.
FUL stock traded down $0.09 during midday trading on Monday, reaching $46.41. 337,000 shares of the company’s stock traded hands, compared to its average volume of 406,056. The company has a current ratio of 2.25, a quick ratio of 1.48 and a debt-to-equity ratio of 2.03. The stock has a market cap of $2.36 billion, a P/E ratio of 18.56, a P/E/G ratio of 0.79 and a beta of 1.46. HB Fuller has a 52-week low of $41.26 and a 52-week high of $59.58.
HB Fuller (NYSE:FUL) last announced its quarterly earnings data on Wednesday, September 26th. The specialty chemicals company reported $0.86 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.04). The firm had revenue of $770.11 million during the quarter, compared to analysts’ expectations of $784.75 million. HB Fuller had a return on equity of 13.41% and a net margin of 4.14%. As a group, equities analysts forecast that HB Fuller will post 3.11 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 1st. Stockholders of record on Thursday, October 18th were paid a $0.155 dividend. The ex-dividend date of this dividend was Wednesday, October 17th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.34%. HB Fuller’s dividend payout ratio (DPR) is presently 24.80%.
In other news, VP Traci L. Jensen sold 4,129 shares of the stock in a transaction on Tuesday, November 13th. The shares were sold at an average price of $46.01, for a total value of $189,975.29. Following the completion of the sale, the vice president now directly owns 20,997 shares of the company’s stock, valued at $966,071.97. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.46% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of FUL. Murphy Pohlad Asset Management LLC purchased a new position in HB Fuller during the second quarter valued at $200,000. Riverhead Capital Management LLC grew its stake in HB Fuller by 39.1% during the third quarter. Riverhead Capital Management LLC now owns 4,271 shares of the specialty chemicals company’s stock valued at $221,000 after acquiring an additional 1,200 shares in the last quarter. Balter Liquid Alternatives LLC purchased a new position in HB Fuller during the second quarter valued at $259,000. Jane Street Group LLC purchased a new position in HB Fuller during the second quarter valued at $269,000. Finally, SNS Financial Group LLC purchased a new position in HB Fuller during the second quarter valued at $294,000.
About HB Fuller
H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, and other specialty chemical products worldwide. The company operates through six segments: Americas Adhesives; EIMEA (Europe, India, Middle East and Africa); Asia Pacific; Construction Products; Engineering Adhesives; and Royal Adhesives.
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