H. B. Fuller Company (NYSE:FUL) Receives $63.80 Average Target Price from Analysts

H. B. Fuller Company (NYSE:FUL) has been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $63.80.

Several equities analysts have commented on the company. JPMorgan Chase & Co. raised H. B. Fuller from an “underweight” rating to a “neutral” rating and set a $58.00 price target for the company in a report on Wednesday, May 27th. UBS Group set a $58.00 target price on H. B. Fuller in a report on Wednesday, May 27th. Vertical Research raised H. B. Fuller from a “hold” rating to a “strong-buy” rating in a report on Friday, March 27th. Wall Street Zen raised H. B. Fuller from a “hold” rating to a “buy” rating in a report on Sunday, March 29th. Finally, Royal Bank Of Canada set a $58.00 target price on H. B. Fuller in a report on Wednesday, May 27th.

Insiders Place Their Bets

In other H. B. Fuller news, CEO Celeste Beeks Mastin purchased 5,170 shares of the company’s stock in a transaction that occurred on Tuesday, April 7th. The stock was purchased at an average cost of $57.08 per share, with a total value of $295,103.60. Following the acquisition, the chief executive officer directly owned 8,670 shares of the company’s stock, valued at approximately $494,883.60. This trade represents a 147.71% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 1.83% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On H. B. Fuller

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC increased its holdings in H. B. Fuller by 85.6% during the 1st quarter. Parallel Advisors LLC now owns 1,034 shares of the specialty chemicals company’s stock valued at $64,000 after purchasing an additional 477 shares in the last quarter. Glenmede Trust Co. NA acquired a new stake in H. B. Fuller during the 1st quarter valued at $240,000. Bank of America Corp DE increased its holdings in H. B. Fuller by 36.3% during the 1st quarter. Bank of America Corp DE now owns 513,163 shares of the specialty chemicals company’s stock valued at $31,652,000 after purchasing an additional 136,666 shares in the last quarter. Amundi increased its holdings in H. B. Fuller by 23.1% during the 1st quarter. Amundi now owns 12,024 shares of the specialty chemicals company’s stock valued at $742,000 after purchasing an additional 2,253 shares in the last quarter. Finally, California State Teachers Retirement System increased its holdings in H. B. Fuller by 19.8% during the 1st quarter. California State Teachers Retirement System now owns 61,623 shares of the specialty chemicals company’s stock valued at $3,801,000 after purchasing an additional 10,196 shares in the last quarter. 95.93% of the stock is owned by institutional investors and hedge funds.

H. B. Fuller Trading Down 1.6%

H. B. Fuller stock opened at $61.61 on Monday. The business has a 50 day moving average price of $60.73 and a two-hundred day moving average price of $60.68. 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 stock has a market cap of $3.36 billion, a price-to-earnings ratio of 20.33, a price-to-earnings-growth ratio of 0.82 and a beta of 0.96. H. B. Fuller has a 12 month low of $48.71 and a 12 month high of $68.63.

H. B. Fuller (NYSE:FUL) last posted its quarterly earnings results on Thursday, March 26th. The specialty chemicals company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.56 by $0.01. The firm 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 for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.54 EPS. As a group, equities analysts forecast that H. B. Fuller will post 4.77 EPS for the current year.

H. B. Fuller Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, April 30th were issued a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Thursday, April 30th. This is a boost from H. B. Fuller’s previous quarterly dividend of $0.24. H. B. Fuller’s payout ratio 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.