Shares of H. B. Fuller Company (NYSE:FUL – Get Free Report) have earned a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $64.62.
A number of research analysts recently issued reports on FUL shares. Wall Street Zen downgraded H. B. Fuller from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 25th. The Goldman Sachs Group set a $67.00 price objective on H. B. Fuller in a research report on Friday, June 26th. JPMorgan Chase & Co. reduced their target price on H. B. Fuller from $67.00 to $66.00 and set an “overweight” rating on the stock in a research note on Monday, September 28th. Citigroup reduced their target price on H. B. Fuller from $75.00 to $63.00 and set a “buy” rating on the stock in a research note on Monday, September 28th. Finally, UBS Group set a $69.00 price target on H. B. Fuller in a research note on Friday, June 26th.
Get Our Latest Stock Analysis on H. B. Fuller
H. B. Fuller Trading Up 1.1%
H. B. Fuller (NYSE:FUL – Get Free Report) last posted its quarterly earnings data on Thursday, September 24th. The specialty chemicals company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.05. H. B. Fuller had a return on equity of 12.65% and a net margin of 5.56%.The firm had revenue of $938.17 million during the quarter, compared to analysts’ expectations of $945.59 million. During the same period in the prior year, the business earned $1.26 EPS. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. Analysts expect that H. B. Fuller will post 4.88 earnings per share for the current fiscal year.
H. B. Fuller Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Thursday, October 15th will be given a $0.2450 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.98 annualized dividend and a dividend yield of 1.9%. H. B. Fuller’s dividend payout ratio is currently 27.30%.
Insider Buying and Selling at H. B. Fuller
In related news, Director Trangsrud Teresa J. Rasmussen bought 2,042 shares of the company’s stock in a transaction on Monday, September 28th. The shares were acquired at an average cost of $48.96 per share, with a total value of $99,976.32. Following the completion of the acquisition, the director owned 4,053 shares of the company’s stock, valued at $198,434.88. The trade was a 101.54% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael J. Happe purchased 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 29th. The stock was purchased at an average price of $49.62 per share, for a total transaction of $99,240.00. Following the purchase, the director owned 3,343 shares in the company, valued at $165,879.66. This represents a 148.92% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have bought 12,582 shares of company stock valued at $621,322. Company insiders own 1.83% of the company’s stock.
Institutional Investors Weigh In On H. B. Fuller
Several institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its stake in shares of H. B. Fuller by 5.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,608,006 shares of the specialty chemicals company’s stock worth $160,854,000 after purchasing an additional 132,558 shares during the period. Norges Bank bought a new stake in H. B. Fuller during the fourth quarter valued at approximately $44,203,000. Royal Bank of Canada grew its position in H. B. Fuller by 2,694.7% during the first quarter. Royal Bank of Canada now owns 675,765 shares of the specialty chemicals company’s stock valued at $41,681,000 after buying an additional 651,585 shares during the period. Kennedy Capital Management LLC increased its holdings in H. B. Fuller by 43.4% during the fourth quarter. Kennedy Capital Management LLC now owns 630,194 shares of the specialty chemicals company’s stock valued at $37,471,000 after buying an additional 190,750 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in H. B. Fuller by 36.3% during the first quarter. Bank of America Corp DE now owns 513,163 shares of the specialty chemicals company’s stock valued at $31,652,000 after buying an additional 136,666 shares during the last quarter. 95.93% of the stock is owned by hedge funds and other institutional investors.
H. B. Fuller Company Profile
H.B. Fuller Company is a global manufacturer of adhesives, sealants and specialty chemical products. Its solutions are used to bond, seal, protect and assemble materials in commercial and industrial applications, including packaging, hygiene products, construction, transportation, electronics and durable goods.
The company offers products such as hot-melt, water-based and reactive adhesives, construction adhesives, sealants, coatings and specialty formulations. H.B. Fuller serves manufacturers, contractors and other commercial customers that require bonding and sealing solutions for products, components and building materials.
Founded in 1887 by Harvey Benjamin Fuller, the company has grown from a regional adhesive producer into an international supplier serving customers across North America, Europe, Asia-Pacific and Latin America.
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