H. B. Fuller Company (NYSE:FUL) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of H. B. Fuller Company (NYSE:FUL) have received a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $67.75.

Several research analysts recently commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of H. B. Fuller in a report on Monday. Wall Street Zen upgraded shares of H. B. Fuller from a “hold” rating to a “buy” rating in a report on Sunday. Citigroup raised shares of H. B. Fuller from a “neutral” rating to a “buy” rating and upped their price target for the stock from $62.00 to $70.00 in a research report on Wednesday, October 22nd. Finally, Seaport Res Ptn raised H. B. Fuller from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 26th.

Insider Activity at H. B. Fuller

In other news, CFO John J. Corkrean sold 14,222 shares of the business’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $60.31, for a total transaction of $857,728.82. Following the transaction, the chief financial officer directly owned 54,646 shares of the company’s stock, valued at approximately $3,295,700.26. The trade was a 20.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Nathan D. Weaver sold 7,075 shares of the company’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $58.38, for a total transaction of $413,038.50. Following the completion of the transaction, the vice president owned 9,441 shares of the company’s stock, valued at $551,165.58. This trade represents a 42.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.99% of the company’s stock.

Institutional Investors Weigh In On H. B. Fuller

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capital World Investors boosted its position in H. B. Fuller by 0.5% in the 3rd quarter. Capital World Investors now owns 2,583,213 shares of the specialty chemicals company’s stock valued at $153,133,000 after buying an additional 12,720 shares during the last quarter. Cooke & Bieler LP boosted its holdings in H. B. Fuller by 94.9% in the third quarter. Cooke & Bieler LP now owns 1,481,030 shares of the specialty chemicals company’s stock valued at $87,795,000 after purchasing an additional 721,100 shares during the last quarter. Geode Capital Management LLC grew its stake in H. B. Fuller by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 1,286,348 shares of the specialty chemicals company’s stock valued at $77,383,000 after purchasing an additional 5,323 shares in the last quarter. Wellington Management Group LLP grew its stake in H. B. Fuller by 3.6% during the 3rd quarter. Wellington Management Group LLP now owns 976,005 shares of the specialty chemicals company’s stock valued at $57,858,000 after purchasing an additional 33,522 shares in the last quarter. Finally, UBS Group AG increased its holdings in H. B. Fuller by 200.8% during the 3rd quarter. UBS Group AG now owns 820,871 shares of the specialty chemicals company’s stock worth $48,661,000 after purchasing an additional 548,017 shares during the last quarter. Hedge funds and other institutional investors own 95.93% of the company’s stock.

H. B. Fuller Price Performance

Shares of H. B. Fuller stock opened at $55.82 on Thursday. The business’s fifty day moving average price is $58.96 and its 200 day moving average price is $58.48. H. B. Fuller has a twelve month low of $47.56 and a twelve month high of $78.68. The company has a current ratio of 1.93, a quick ratio of 1.18 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $3.02 billion, a P/E ratio of 30.17, a PEG ratio of 1.05 and a beta of 1.13.

H. B. Fuller (NYSE:FUL) last announced its quarterly earnings results on Wednesday, April 13th. The specialty chemicals company reported $0.66 EPS for the quarter. The company had revenue of $725.90 million during the quarter. H. B. Fuller had a return on equity of 11.49% and a net margin of 3.28%. H. B. Fuller has set its FY 2022 guidance at $4.100-$4.350 EPS. As a group, research analysts anticipate that H. B. Fuller will post 4.07 earnings per share for the current year.

H. B. Fuller Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 30th. Investors of record on Thursday, October 16th were issued a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Thursday, October 16th. H. B. Fuller’s dividend payout ratio (DPR) is presently 50.81%.

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.