H. B. Fuller Company (NYSE:FUL) Receives $67.86 Average PT from Brokerages

H. B. Fuller Company (NYSE:FUL) has been assigned a consensus rating of “Buy” from the seven analysts that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $67.8571.

Several equities analysts recently commented on the company. Citigroup upped their target price 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. UBS Group set a $69.00 price target on H. B. Fuller in a report on Friday, June 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of H. B. Fuller in a research note on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of H. B. Fuller from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. Finally, JPMorgan Chase & Co. raised shares of H. B. Fuller from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $58.00 to $67.00 in a research report on Friday, June 26th.

Insider Activity

In other news, VP Nathan Weaver sold 9,561 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $62.06, for a total transaction of $593,355.66. Following the completion of the sale, the vice president directly owned 11,739 shares of the company’s stock, valued at $728,522.34. The trade was a 44.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.83% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Strs Ohio acquired a new stake in H. B. Fuller during the first quarter worth about $101,000. EverSource Wealth Advisors LLC lifted its stake in shares of H. B. Fuller by 129.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,218 shares of the specialty chemicals company’s stock valued at $73,000 after purchasing an additional 688 shares in the last quarter. Baird Financial Group Inc. grew its holdings in shares of H. B. Fuller by 19.6% during the 2nd quarter. Baird Financial Group Inc. now owns 7,518 shares of the specialty chemicals company’s stock worth $452,000 after purchasing an additional 1,232 shares during the period. Marshall Wace LLP grew its holdings in shares of H. B. Fuller by 382.1% during the 2nd quarter. Marshall Wace LLP now owns 20,370 shares of the specialty chemicals company’s stock worth $1,225,000 after purchasing an additional 16,145 shares during the period. Finally, Cerity Partners LLC increased its position in H. B. Fuller by 2.3% during the 2nd quarter. Cerity Partners LLC now owns 11,499 shares of the specialty chemicals company’s stock worth $692,000 after purchasing an additional 261 shares in the last quarter. Institutional investors and hedge funds own 95.93% of the company’s stock.

H. B. Fuller Stock Up 0.2%

Shares of NYSE FUL opened at $51.75 on Wednesday. The firm has a market cap of $2.78 billion, a P/E ratio of 15.87, a price-to-earnings-growth ratio of 0.56 and a beta of 0.97. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.12 and a current ratio of 1.80. H. B. Fuller has a 1 year low of $48.71 and a 1 year high of $68.63. The firm’s 50 day moving average price is $56.96 and its 200 day moving average price is $59.34.

H. B. Fuller (NYSE:FUL) last issued its quarterly earnings results on Thursday, June 25th. The specialty chemicals company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.04. H. B. Fuller had a return on equity of 12.18% and a net margin of 5.29%.The company had revenue of $950.27 million during the quarter, compared to the consensus estimate of $924.83 million. During the same period in the previous year, the firm posted $1.18 EPS. H. B. Fuller’s revenue was up 5.8% on a year-over-year basis. As a group, sell-side analysts anticipate that H. B. Fuller will post 4.87 earnings per share for the current year.

H. B. Fuller Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th were issued a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Thursday, July 30th. H. B. Fuller’s dividend payout ratio (DPR) is 30.06%.

About H. B. Fuller

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.