H. B. Fuller Company (NYSE:FUL) Receives $67.86 Consensus Price Target from Brokerages

H. B. Fuller Company (NYSE:FUL) has been assigned a consensus recommendation of “Moderate Buy” from the six brokerages 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 issued a strong buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $67.8571.

FUL has been the subject of a number of research reports. JPMorgan Chase & Co. raised shares of H. B. Fuller from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $58.00 to $67.00 in a research note on Friday, June 26th. Royal Bank Of Canada set a $58.00 price objective on H. B. Fuller in a research report on Wednesday, May 27th. Raymond James Financial set a $67.00 target price on H. B. Fuller in a report on Friday, June 26th. The Goldman Sachs Group set a $67.00 target price on H. B. Fuller in a research report on Friday, June 26th. Finally, Wall Street Zen lowered H. B. Fuller from a “strong-buy” rating to a “buy” rating in a research report on Saturday.

H. B. Fuller Stock Up 0.8%

Shares of H. B. Fuller stock opened at $55.56 on Tuesday. The company has a current ratio of 1.80, a quick ratio of 1.12 and a debt-to-equity ratio of 1.00. H. B. Fuller has a 12-month low of $48.71 and a 12-month high of $68.63. The company has a market cap of $2.99 billion, a P/E ratio of 17.04, a PEG ratio of 0.60 and a beta of 0.98. The company’s fifty day simple moving average is $59.77 and its two-hundred day simple moving average is $60.85.

H. B. Fuller (NYSE:FUL) last posted its earnings results on Thursday, June 25th. The specialty chemicals company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.37 by $0.04. The firm had revenue of $950.27 million during the quarter, compared to analysts’ expectations of $924.83 million. H. B. Fuller had a net margin of 5.29% and a return on equity of 12.18%. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the company posted $1.18 EPS. Research analysts anticipate that H. B. Fuller will post 4.87 EPS for the current year.

H. B. Fuller Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th will be issued a $0.245 dividend. The ex-dividend date is Thursday, July 30th. This represents a $0.98 dividend on an annualized basis and a yield of 1.8%. H. B. Fuller’s dividend payout ratio is 30.06%.

Institutional Trading of H. B. Fuller

A number of hedge funds have recently modified their holdings of the business. Parallel Advisors LLC grew its position in shares of H. B. Fuller by 85.6% in the 1st quarter. Parallel Advisors LLC now owns 1,034 shares of the specialty chemicals company’s stock worth $64,000 after buying an additional 477 shares during the period. Glenmede Trust Co. NA purchased a new position in H. B. Fuller during the 1st quarter valued at about $240,000. Bank of America Corp DE lifted its position 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 acquiring an additional 136,666 shares during the period. Amundi boosted its stake in H. B. Fuller by 23.1% during the first quarter. Amundi now owns 12,024 shares of the specialty chemicals company’s stock worth $742,000 after acquiring an additional 2,253 shares in the last quarter. Finally, California State Teachers Retirement System boosted its stake in H. B. Fuller by 19.8% during the first quarter. California State Teachers Retirement System now owns 61,623 shares of the specialty chemicals company’s stock worth $3,801,000 after acquiring an additional 10,196 shares in the last quarter. Institutional investors own 95.93% of the company’s stock.

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.