H. B. Fuller Company (NYSE:FUL) Receives $66.40 Average PT from Analysts

Shares of H. B. Fuller Company (NYSE:FUL) have been given an average recommendation of “Moderate Buy” by the six research firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $67.8571.

FUL has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of H. B. Fuller from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. raised shares of H. B. Fuller from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $58.00 to $67.00 in a research note on Friday, June 26th. Wall Street Zen raised shares of H. B. Fuller from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Vertical Research raised shares of H. B. Fuller from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 27th. Finally, Royal Bank Of Canada set a $58.00 price objective on shares of H. B. Fuller in a research note on Wednesday, May 27th.

Insiders Place Their Bets

In other news, CEO Celeste Beeks Mastin bought 5,170 shares of the business’s stock in a transaction on Tuesday, April 7th. The shares were bought at an average cost of $57.08 per share, for a total transaction of $295,103.60. Following the completion of the acquisition, the chief executive officer owned 8,670 shares in the company, valued at approximately $494,883.60. This trade represents a 147.71% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.83% of the company’s stock.

Institutional Investors Weigh In On H. B. Fuller

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Allworth Financial LP raised its holdings in shares of H. B. Fuller by 50.1% during the fourth quarter. Allworth Financial LP now owns 578 shares of the specialty chemicals company’s stock worth $34,000 after acquiring an additional 193 shares during the period. Hantz Financial Services Inc. raised its holdings in shares of H. B. Fuller by 432.9% during the fourth 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 during the period. Aster Capital Management DIFC Ltd acquired a new stake in shares of H. B. Fuller during the fourth quarter worth $46,000. Torren Management LLC acquired a new stake in shares of H. B. Fuller during the fourth quarter worth $52,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of H. B. Fuller during the third quarter worth $56,000. 95.93% of the stock is currently owned by institutional investors and hedge funds.

H. B. Fuller Price Performance

FUL opened at $58.46 on Friday. H. B. Fuller has a one year low of $48.71 and a one year high of $68.63. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.80 and a quick ratio of 1.12. The company’s 50 day simple moving average is $61.46 and its 200-day simple moving average is $61.32. The stock has a market capitalization of $3.14 billion, a P/E ratio of 19.29, a price-to-earnings-growth ratio of 0.77 and a beta of 0.96.

H. B. Fuller (NYSE:FUL) last announced its quarterly earnings data on Thursday, June 25th. The specialty chemicals company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. H. B. Fuller had a net margin of 5.29% and a return on equity of 12.18%. The firm had revenue of $950.27 million for the quarter, compared to analysts’ expectations of $924.83 million. During the same period last year, the firm earned $1.18 earnings per share. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. Sell-side analysts anticipate that H. B. Fuller will post 4.84 earnings per share for the current fiscal year.

H. B. Fuller Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, April 30th were issued a $0.245 dividend. This represents a $0.98 annualized dividend and a yield of 1.7%. This is a boost from H. B. Fuller’s previous quarterly dividend of $0.24. The ex-dividend date was Thursday, April 30th. H. B. Fuller’s dividend payout ratio (DPR) is 32.34%.

About H. B. Fuller

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.