H. B. Fuller Company (NYSE:FUL) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of H. B. Fuller Company (NYSE:FUL) have received an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $65.50.

A number of research firms have recently weighed in on FUL. Citigroup increased their price target on H. B. Fuller from $67.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, March 30th. UBS Group lowered their price target on H. B. Fuller from $66.00 to $63.00 and set a “neutral” rating for the company in a report on Friday, March 27th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of H. B. Fuller in a report on Friday, January 16th. Vertical Research upgraded H. B. Fuller from a “hold” rating to a “strong-buy” rating in a report on Friday, March 27th. Finally, Wall Street Zen upgraded H. B. Fuller from a “hold” rating to a “buy” rating in a report on Sunday, March 29th.

Insider Transactions at H. B. Fuller

In other news, CEO Celeste Beeks Mastin bought 5,170 shares of the firm’s stock in a transaction that occurred on Tuesday, April 7th. The shares were purchased at an average price of $57.08 per share, with a total value of $295,103.60. Following the purchase, the chief executive officer owned 8,670 shares in the company, valued at approximately $494,883.60. The trade was a 147.71% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.83% of the company’s stock.

Hedge Funds Weigh In On H. B. Fuller

Several hedge funds have recently bought and sold shares of FUL. Allworth Financial LP lifted its stake in H. B. Fuller by 50.1% during the 4th quarter. Allworth Financial LP now owns 578 shares of the specialty chemicals company’s stock worth $34,000 after acquiring an additional 193 shares in the last quarter. Covestor Ltd lifted its stake in H. B. Fuller by 22,833.3% during the 3rd quarter. Covestor Ltd now owns 688 shares of the specialty chemicals company’s stock worth $41,000 after acquiring an additional 685 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in H. B. Fuller by 432.9% during the 4th quarter. Hantz Financial Services Inc. now owns 778 shares of the specialty chemicals company’s stock worth $46,000 after acquiring an additional 632 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in H. B. Fuller during the 4th quarter worth about $46,000. Finally, TD Waterhouse Canada Inc. acquired a new position in H. B. Fuller during the 3rd quarter worth about $47,000. Institutional investors and hedge funds own 95.93% of the company’s stock.

H. B. Fuller Stock Down 1.7%

Shares of NYSE:FUL opened at $59.41 on Thursday. The company has a quick ratio of 1.15, a current ratio of 1.92 and a debt-to-equity ratio of 1.01. The business has a fifty day moving average of $59.67 and a two-hundred day moving average of $60.49. The stock has a market cap of $3.24 billion, a P/E ratio of 19.61, a PEG ratio of 0.79 and a beta of 0.95. H. B. Fuller has a 52-week low of $48.71 and a 52-week high of $68.63.

H. B. Fuller (NYSE:FUL) last released its quarterly earnings results on Thursday, March 26th. The specialty chemicals company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. The business had revenue of $770.84 million during the quarter, compared to analysts’ expectations of $787.77 million. H. B. Fuller had a return on equity of 11.84% and a net margin of 4.62%.The company’s revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.54 EPS. On average, research analysts expect that H. B. Fuller will post 4.77 earnings per share for the current year.

H. B. Fuller Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 14th. Stockholders of record on Thursday, April 30th will be issued a dividend of $0.245 per share. The ex-dividend date is Thursday, April 30th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.6%. This is a boost from H. B. Fuller’s previous quarterly dividend of $0.24. H. B. Fuller’s dividend payout ratio (DPR) is currently 32.34%.

H. B. Fuller Company Profile

H. B. Fuller Company, founded in 1887 and headquartered in St. Paul, Minnesota, is a global adhesives and specialty chemical solutions provider serving a wide array of industries. The company develops, manufactures and markets adhesive technologies, sealants, polymers and related chemical products designed to enhance product performance, sustainability and manufacturing efficiency.

Fuller’s product portfolio spans multiple market segments, including packaging and converting, general industrial assembly, electronics, transportation, hygiene and construction.