H. B. Fuller Co. (NYSE:FUL) – Equities research analysts at KeyCorp lowered their FY2016 earnings per share estimates for H. B. Fuller in a research note issued to investors on Wednesday. KeyCorp analyst M. Sison now forecasts that the firm will post earnings of $2.45 per share for the year, down from their previous estimate of $2.50. KeyCorp also issued estimates for H. B. Fuller’s Q4 2016 earnings at $0.72 EPS and FY2017 earnings at $2.65 EPS.
H. B. Fuller (NYSE:FUL) last posted its earnings results on Wednesday, September 21st. The company reported $0.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by $0.03. H. B. Fuller had a net margin of 5.32% and a return on equity of 13.66%. During the same quarter last year, the business posted $0.61 EPS.
Several other brokerages have also issued reports on FUL. Zacks Investment Research lowered shares of H. B. Fuller from a “buy” rating to a “hold” rating in a research note on Tuesday, June 28th. Citigroup Inc. started coverage on shares of H. B. Fuller in a research note on Thursday. They issued a “buy” rating and a $53.00 target price on the stock. Seaport Global Securities raised shares of H. B. Fuller from an “accumulate” rating to a “buy” rating and lifted their price objective for the stock from $50.00 to $51.00 in a research note on Monday, September 26th. Finally, Deutsche Bank AG lifted their price objective on shares of H. B. Fuller from $47.00 to $50.00 and gave the stock a “hold” rating in a research note on Friday, June 24th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. H. B. Fuller currently has a consensus rating of “Hold” and an average price target of $50.00.
H. B. Fuller (NYSE:FUL) opened at 46.47 on Friday. The firm has a 50-day moving average of $46.77 and a 200-day moving average of $45.23. H. B. Fuller has a one year low of $32.49 and a one year high of $48.83. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 21.61 and a beta of 1.75.
In other H. B. Fuller news, insider James Owens sold 55,048 shares of H. B. Fuller stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $46.43, for a total value of $2,555,878.64. Following the transaction, the insider now owns 151,293 shares of the company’s stock, valued at $7,024,533.99. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP James R. Giertz sold 25,000 shares of H. B. Fuller stock in a transaction that occurred on Tuesday, September 27th. The shares were sold at an average price of $45.79, for a total transaction of $1,144,750.00. Following the completion of the transaction, the vice president now directly owns 108,121 shares in the company, valued at approximately $4,950,860.59. The disclosure for this sale can be found here. 3.55% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of H. B. Fuller by 3.4% in the second quarter. Vanguard Group Inc. now owns 4,400,040 shares of the company’s stock worth $193,558,000 after buying an additional 145,591 shares during the last quarter. Mairs & Power INC increased its stake in H. B. Fuller by 0.5% in the second quarter. Mairs & Power INC now owns 3,526,526 shares of the company’s stock worth $155,132,000 after buying an additional 18,313 shares during the period. BlackRock Fund Advisors increased its stake in H. B. Fuller by 3.4% in the second quarter. BlackRock Fund Advisors now owns 3,331,107 shares of the company’s stock worth $146,535,000 after buying an additional 109,588 shares during the period. Franklin Resources Inc. increased its stake in H. B. Fuller by 3.1% in the first quarter. Franklin Resources Inc. now owns 2,680,846 shares of the company’s stock worth $113,801,000 after buying an additional 80,121 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in H. B. Fuller by 8.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,790,936 shares of the company’s stock worth $78,781,000 after buying an additional 144,249 shares during the period. 89.00% of the stock is currently owned by hedge funds and other institutional investors.
H. B. Fuller Company Profile
H.B. Fuller Company is a formulator, manufacturer and marketer of adhesives, sealants and other specialty chemical products. The Company’s segments include Americas Adhesives; Europe, India, Middle East and Africa (EIMEA); Asia Pacific, and Construction Products. The Americas Adhesives segment includes a range of specialty adhesives, such as thermoplastic, thermoset, reactive, and water-based and solvent-based products.
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