Citigroup Has Lowered Expectations for H. B. Fuller (NYSE:FUL) Stock Price

H. B. Fuller (NYSE:FUL) had its price target lowered by Citigroup from $70.00 to $62.00 in a report released on Friday morning, MarketBeat.com reports. The brokerage currently has a neutral rating on the specialty chemicals company’s stock.

FUL has been the subject of several other research reports. Robert W. Baird lifted their price target on shares of H. B. Fuller from $60.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, June 27th. JPMorgan Chase & Co. raised their price objective on shares of H. B. Fuller from $50.00 to $54.00 and gave the company an “underweight” rating in a research note on Friday, June 27th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $65.75.

H. B. Fuller Stock Performance

Shares of H. B. Fuller stock opened at $58.15 on Friday. H. B. Fuller has a one year low of $47.56 and a one year high of $81.69. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 31.43, a PEG ratio of 0.97 and a beta of 1.14. The business has a 50-day simple moving average of $59.67 and a 200 day simple moving average of $57.27. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.93 and a quick ratio of 1.18.

H. B. Fuller (NYSE:FUL) last announced its quarterly earnings results on Wednesday, September 24th. The specialty chemicals company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.02. H. B. Fuller had a return on equity of 11.49% and a net margin of 3.28%.The business had revenue of $892.04 million for the quarter, compared to analyst estimates of $894.60 million. During the same quarter in the prior year, the company earned $1.13 earnings per share. The company’s quarterly revenue was down 2.8% on a year-over-year basis. H. B. Fuller has set its FY 2025 guidance at 4.100-4.250 EPS. On average, research analysts anticipate that H. B. Fuller will post 4.07 earnings per share for the current fiscal year.

H. B. Fuller Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, July 31st were issued a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Thursday, July 31st. H. B. Fuller’s payout ratio is currently 44.98%.

Insider Buying and Selling at H. B. Fuller

In related news, VP Robert J. Martsching sold 9,546 shares of the business’s stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $64.30, for a total transaction of $613,807.80. Following the transaction, the vice president directly owned 14,980 shares in the company, valued at approximately $963,214. The trade was a 38.92% 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, VP Joao Magalhaes sold 1,099 shares of the stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $56.31, for a total transaction of $61,884.69. Following the completion of the sale, the vice president owned 3,285 shares of the company’s stock, valued at approximately $184,978.35. This trade represents a 25.07% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,691 shares of company stock valued at $734,478. Company insiders own 1.99% of the company’s stock.

Institutional Trading of H. B. Fuller

A number of institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank bought a new stake in H. B. Fuller during the second quarter worth $40,584,000. Cooke & Bieler LP bought a new position in H. B. Fuller in the 1st quarter valued at $36,830,000. Jane Street Group LLC increased its position in shares of H. B. Fuller by 128.0% during the 2nd quarter. Jane Street Group LLC now owns 217,307 shares of the specialty chemicals company’s stock valued at $13,071,000 after purchasing an additional 122,007 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of H. B. Fuller during the 2nd quarter valued at $7,279,000. Finally, JPMorgan Chase & Co. raised its stake in shares of H. B. Fuller by 16.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 612,048 shares of the specialty chemicals company’s stock worth $36,815,000 after purchasing an additional 85,469 shares during the period. 95.93% of the stock is owned by hedge funds and other institutional investors.

H. B. Fuller Company Profile

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products. It operates through three segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Construction Adhesives.