H. B. Fuller Company (NYSE:FUL) Stock Has Average Price Target of $62.88

Shares of H. B. Fuller Company (NYSE:FUL) have been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $62.88.

FUL has been the subject of a number of research reports. UBS Group reduced their price target on shares of H. B. Fuller from $69.00 to $55.00 and set a “neutral” rating for the company in a report on Wednesday, October 21st. Robert W. Baird lowered their price target on H. B. Fuller from $75.00 to $65.00 and set an “outperform” rating on the stock in a research note on Friday, September 25th. Wall Street Zen lowered H. B. Fuller from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. Citigroup cut their price target on H. B. Fuller from $75.00 to $63.00 and set a “buy” rating for the company in a report on Monday, September 28th. Finally, JPMorgan Chase & Co. reduced their price objective on H. B. Fuller from $67.00 to $66.00 and set an “overweight” rating for the company in a research report on Monday, September 28th.

H. B. Fuller Price Performance

Shares of NYSE:FUL opened at $49.68 on Thursday. The business has a 50 day moving average price of $51.63 and a 200 day moving average price of $58.31. H. B. Fuller has a twelve month low of $46.70 and a twelve month high of $68.63. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 13.84, a PEG ratio of 0.61 and a beta of 0.99. The company has a quick ratio of 1.10, a current ratio of 1.82 and a debt-to-equity ratio of 0.95.

H. B. Fuller (NYSE:FUL) last posted its quarterly earnings data on Thursday, September 24th. The specialty chemicals company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.05. The company had revenue of $938.17 million during the quarter, compared to analysts’ expectations of $945.59 million. H. B. Fuller had a return on equity of 12.65% and a net margin of 5.56%. H. B. Fuller’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.26 earnings per share. Research analysts predict that H. B. Fuller will post 4.88 earnings per share for the current year.

H. B. Fuller Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 29th. Shareholders of record on Thursday, October 15th were issued a $0.2450 dividend. This represents a $0.98 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Thursday, October 15th. H. B. Fuller’s payout ratio is 27.30%.

Insider Buying and Selling

In other H. B. Fuller news, VP Nathan D. Weaver sold 9,561 shares of H. B. Fuller stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $62.06, for a total transaction of $593,355.66. Following the sale, the vice president directly owned 11,739 shares of the company’s stock, valued at approximately $728,522.34. The trade was a 44.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles T. Lauber acquired 2,005 shares of the stock in a transaction dated Tuesday, September 29th. The stock was bought at an average price of $49.87 per share, for a total transaction of $99,989.35. Following the completion of the purchase, the director owned 3,356 shares in the company, valued at approximately $167,363.72. This trade represents a 148.41% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have acquired 13,061 shares of company stock worth $646,340. Insiders own 1.83% of the company’s stock.

Institutional Investors Weigh In On H. B. Fuller

Institutional investors and hedge funds have recently made changes to their positions in the company. Covestor Ltd increased its stake in shares of H. B. Fuller by 38.3% in the third quarter. Covestor Ltd now owns 917 shares of the specialty chemicals company’s stock valued at $45,000 after buying an additional 254 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of H. B. Fuller by 85.6% during the first 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 during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of H. B. Fuller in the second quarter valued at approximately $86,000. Glenmede Trust Co. NA acquired a new stake in shares of H. B. Fuller in the first quarter valued at approximately $240,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in H. B. Fuller during the 1st quarter worth $277,000. Institutional investors and hedge funds own 95.93% of the company’s stock.

About H. B. Fuller

H.B. Fuller Company (NYSE:FUL) develops and manufactures specialty adhesives, sealants and other engineered bonding solutions. Its products are used to assemble, protect, package and improve the performance of products across a wide range of industries, including construction, transportation, electronics, consumer goods, packaging and hygiene.

The company offers technologies such as hot-melt, water-based, reactive and pressure-sensitive adhesives, as well as sealants, coatings and related materials.