H. B. Fuller Company (NYSE:FUL) Given Average Rating of “Moderate Buy” by Brokerages

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

FUL has been the subject of several analyst reports. Raymond James Financial set a $67.00 target price on H. B. Fuller in a research report on Friday, June 26th. Citigroup increased their price target on shares of H. B. Fuller from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, June 30th. UBS Group set a $69.00 price objective on shares of H. B. Fuller in a research note on Friday, June 26th. Royal Bank Of Canada set a $58.00 price objective on shares of H. B. Fuller in a report on Wednesday, May 27th. Finally, Wall Street Zen lowered shares of H. B. Fuller from a “strong-buy” rating to a “buy” rating in a report on Saturday.

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Institutional Inflows and Outflows

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

H. B. Fuller Stock Performance

FUL stock opened at $56.40 on Tuesday. H. B. Fuller has a twelve month low of $48.71 and a twelve month high of $68.63. The company has a quick ratio of 1.12, a current ratio of 1.80 and a debt-to-equity ratio of 1.00. The company has a market cap of $3.03 billion, a P/E ratio of 17.30, a price-to-earnings-growth ratio of 0.60 and a beta of 0.98. The business’s fifty day moving average is $59.74 and its 200-day moving average is $60.82.

H. B. Fuller (NYSE:FUL – Get Free Report) last announced its quarterly earnings data on Thursday, June 25th. The specialty chemicals company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. The business had revenue of $950.27 million during the quarter, compared to analysts’ expectations of $924.83 million. H. B. Fuller had a return on equity of 12.18% and a net margin of 5.29%.The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.18 earnings per share. Equities research analysts forecast that H. B. Fuller will post 4.87 EPS for the current year.

H. B. Fuller Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Thursday, July 30th will be paid a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Thursday, July 30th. H. B. Fuller’s dividend payout ratio (DPR) is presently 30.06%.

About H. B. Fuller

(Get Free Report)

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.

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