Citigroup Cuts H. B. Fuller (NYSE:FUL) Price Target to $62.00

H. B. Fuller (NYSE:FUL) had its target price decreased by Citigroup from $70.00 to $62.00 in a research report sent to investors on Friday morning, MarketBeat reports. Citigroup currently has a neutral rating on the specialty chemicals company’s stock.

FUL has been the subject of several other research reports. JPMorgan Chase & Co. upped their price objective on H. B. Fuller from $50.00 to $54.00 and gave the company an “underweight” rating in a research note on Friday, June 27th. Robert W. Baird boosted their target price on shares of H. B. Fuller from $60.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, June 27th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, H. B. Fuller presently has an average rating of “Moderate Buy” and a consensus price target of $65.75.

H. B. Fuller Stock Up 2.1%

Shares of NYSE:FUL opened at $58.15 on Friday. H. B. Fuller has a 52-week low of $47.56 and a 52-week high of $81.69. The company has a market capitalization of $3.15 billion, a PE ratio of 31.43, a price-to-earnings-growth ratio of 0.97 and a beta of 1.14. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.18 and a current ratio of 1.93. The company has a fifty day moving average of $59.67 and a 200-day moving average of $57.27.

H. B. Fuller (NYSE:FUL) last issued its quarterly earnings data on Wednesday, September 24th. The specialty chemicals company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.02. The business had revenue of $892.04 million for the quarter, compared to analyst estimates of $894.60 million. H. B. Fuller had a return on equity of 11.49% and a net margin of 3.28%.H. B. Fuller’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.13 EPS. H. B. Fuller has set its FY 2025 guidance at 4.100-4.250 EPS. On average, equities analysts predict that H. B. Fuller will post 4.07 EPS for the current fiscal year.

H. B. Fuller Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, July 31st were given a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Thursday, July 31st. H. B. Fuller’s dividend payout ratio is currently 44.98%.

Insider Activity at H. B. Fuller

In related news, VP Robert J. Martsching sold 9,546 shares of H. B. Fuller stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $64.30, for a total transaction of $613,807.80. Following the completion of the transaction, the vice president owned 14,980 shares of the company’s stock, valued at $963,214. This trade represents a 38.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Joao Magalhaes sold 1,099 shares of the business’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $56.31, for a total transaction of $61,884.69. Following the completion of the transaction, the vice president owned 3,285 shares in the company, valued at approximately $184,978.35. The trade was a 25.07% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,691 shares of company stock valued at $734,478. Company insiders own 1.99% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Parallel Advisors LLC boosted its position in shares of H. B. Fuller by 141.6% during the 2nd quarter. Parallel Advisors LLC now owns 534 shares of the specialty chemicals company’s stock valued at $32,000 after purchasing an additional 313 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in H. B. Fuller by 129.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,218 shares of the specialty chemicals company’s stock valued at $73,000 after buying an additional 688 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of H. B. Fuller by 44.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,307 shares of the specialty chemicals company’s stock worth $81,000 after buying an additional 402 shares in the last quarter. Strs Ohio acquired a new stake in shares of H. B. Fuller during the 1st quarter worth approximately $101,000. Finally, Signaturefd LLC grew its position in shares of H. B. Fuller by 20.5% during the 2nd quarter. Signaturefd LLC now owns 1,743 shares of the specialty chemicals company’s stock worth $105,000 after buying an additional 297 shares during the period. 95.93% of the stock is owned by institutional investors and hedge funds.

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.