HB Fuller Co (NYSE:FUL) – Equities research analysts at G.Research boosted their FY2024 earnings estimates for HB Fuller in a note issued to investors on Friday, June 26th. G.Research analyst R. Morbelli now anticipates that the specialty chemicals company will post earnings of $4.30 per share for the year, up from their prior forecast of $4.20.
A number of other research analysts also recently weighed in on the company. TheStreet downgraded HB Fuller from a “b-” rating to a “c+” rating in a research note on Thursday, March 5th. JPMorgan Chase & Co. raised shares of HB Fuller from a “neutral” rating to an “overweight” rating and set a $34.00 price target on the stock in a research report on Friday, April 17th. Citigroup upped their price objective on shares of HB Fuller from $30.00 to $46.00 and gave the stock a “neutral” rating in a report on Monday. Robert W. Baird lifted their target price on shares of HB Fuller from $35.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, June 26th. Finally, ValuEngine upgraded shares of HB Fuller from a “sell” rating to a “hold” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $48.43.
Shares of NYSE:FUL opened at $44.43 on Monday. The stock has a market capitalization of $2.19 billion, a P/E ratio of 18.67, a P/E/G ratio of 2.48 and a beta of 1.81. The business has a 50-day moving average of $39.13 and a two-hundred day moving average of $40.57. HB Fuller has a fifty-two week low of $23.68 and a fifty-two week high of $52.40. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.89 and a quick ratio of 1.19.
HB Fuller (NYSE:FUL) last released its quarterly earnings data on Wednesday, June 24th. The specialty chemicals company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.13. The business had revenue of $675.00 million during the quarter, compared to analyst estimates of $664.28 million. HB Fuller had a net margin of 4.43% and a return on equity of 11.89%. HB Fuller’s quarterly revenue was down 11.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.88 EPS.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Chevy Chase Trust Holdings Inc. acquired a new position in shares of HB Fuller during the fourth quarter valued at about $27,000. Advisor Group Holdings Inc. bought a new position in HB Fuller during the first quarter valued at about $27,000. Ellevest Inc. raised its holdings in HB Fuller by 117.1% in the 1st quarter. Ellevest Inc. now owns 1,196 shares of the specialty chemicals company’s stock valued at $33,000 after acquiring an additional 645 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of HB Fuller by 367.5% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,178 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 926 shares during the period. Finally, FMR LLC grew its holdings in shares of HB Fuller by 37.1% during the 4th quarter. FMR LLC now owns 1,005 shares of the specialty chemicals company’s stock worth $52,000 after purchasing an additional 272 shares in the last quarter. Institutional investors own 96.71% of the company’s stock.
About HB Fuller
H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, and other specialty chemical products worldwide. The company operates through five segments: Americas Adhesives, EIMEA, Asia Pacific, Construction Adhesives, and Engineering Adhesives.
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