Shares of H. B. Fuller Company (NYSE:FUL – Get Free Report) have received an average recommendation of “Buy” from the seven brokerages that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $67.8571.
Several equities research analysts have recently issued reports on FUL shares. Zacks Research raised shares of H. B. Fuller from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 24th. Citigroup increased their price objective on H. B. Fuller from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. Weiss Ratings reissued a “hold (c)” rating on shares of H. B. Fuller in a research note on Tuesday, June 30th. Raymond James Financial set a $67.00 price objective on H. B. Fuller in a research note on Friday, June 26th. Finally, JPMorgan Chase & Co. raised shares of H. B. Fuller from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $58.00 to $67.00 in a research report on Friday, June 26th.
Check Out Our Latest Analysis on FUL
Insider Buying and Selling
Institutional Investors Weigh In On H. B. Fuller
Several institutional investors have recently added to or reduced their stakes in FUL. Allworth Financial LP increased its stake in H. B. Fuller by 50.1% in the fourth quarter. Allworth Financial LP now owns 578 shares of the specialty chemicals company’s stock valued at $34,000 after purchasing an additional 193 shares during the last quarter. Hantz Financial Services Inc. lifted its position in shares of H. B. Fuller by 432.9% during the 4th quarter. Hantz Financial Services Inc. now owns 778 shares of the specialty chemicals company’s stock worth $46,000 after buying an additional 632 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of H. B. Fuller in the 4th quarter valued at $46,000. Brown Brothers Harriman & Co. acquired a new position in shares of H. B. Fuller in the 3rd quarter valued at $56,000. Finally, Advisory Services Network LLC purchased a new position in shares of H. B. Fuller in the 3rd quarter valued at $58,000. Hedge funds and other institutional investors own 95.93% of the company’s stock.
H. B. Fuller Stock Up 0.3%
Shares of FUL stock opened at $51.75 on Wednesday. The stock has a 50 day moving average of $56.96 and a 200 day moving average of $59.30. The company has a current ratio of 1.80, a quick ratio of 1.12 and a debt-to-equity ratio of 1.00. The stock has a market cap of $2.78 billion, a P/E ratio of 15.87, a P/E/G ratio of 0.56 and a beta of 0.97. H. B. Fuller has a twelve month low of $48.71 and a twelve month high of $68.63.
H. B. Fuller (NYSE:FUL – Get Free Report) last released its quarterly earnings data 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 business had revenue of $950.27 million for the quarter, compared to analyst estimates of $924.83 million. H. B. Fuller had a return on equity of 12.18% and a net margin of 5.29%.The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.18 EPS. As a group, sell-side analysts expect 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 was paid on Thursday, August 13th. Stockholders of record on Thursday, July 30th were paid a $0.245 dividend. The ex-dividend date of this dividend was Thursday, July 30th. This represents a $0.98 annualized dividend and a dividend yield of 1.9%. H. B. Fuller’s dividend payout ratio (DPR) is presently 30.06%.
H. B. Fuller Company Profile
H.B. Fuller Company (NYSE: FUL) develops and manufactures specialty adhesives, sealants and other chemical-based products used in industrial and commercial applications. Its solutions help customers bond, seal, coat and assemble materials across a range of products and manufacturing processes.
The company serves markets including packaging, hygiene and disposable products, construction, transportation, electronics, durable assembly, woodworking, flooring, composites and renewable energy.
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