H.B. Fuller (NYSE:FUL) Receives Average Recommendation of “Hold” from Analysts

Shares of H.B. Fuller (NYSE:FUL) have been assigned a consensus rating of “Hold” from the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $62.50.

Several equities research analysts recently issued reports on FUL shares. Baird R W upgraded H.B. Fuller from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 17th. Seaport Res Ptn cut H.B. Fuller from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. lowered their target price on H.B. Fuller from $60.00 to $50.00 and set an “underweight” rating for the company in a research note on Friday, March 28th. Finally, Robert W. Baird raised H.B. Fuller from a “neutral” rating to an “outperform” rating and set a $60.00 target price for the company in a research note on Thursday, April 17th.

Insider Transactions at H.B. Fuller

In other H.B. Fuller news, CEO Celeste Beeks Mastin acquired 3,500 shares of the stock in a transaction dated Tuesday, April 1st. The stock was acquired at an average cost of $56.66 per share, with a total value of $198,310.00. Following the transaction, the chief executive officer now owns 3,500 shares in the company, valued at $198,310. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.99% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Amundi boosted its position in shares of H.B. Fuller by 191.9% during the 4th quarter. Amundi now owns 28,553 shares of the specialty chemicals company’s stock worth $1,804,000 after acquiring an additional 18,771 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of H.B. Fuller by 17.2% in the 4th quarter. Bank of New York Mellon Corp now owns 554,947 shares of the specialty chemicals company’s stock valued at $37,448,000 after purchasing an additional 81,558 shares during the last quarter. Kennedy Capital Management LLC lifted its holdings in shares of H.B. Fuller by 13.4% in the 4th quarter. Kennedy Capital Management LLC now owns 127,896 shares of the specialty chemicals company’s stock valued at $8,630,000 after purchasing an additional 15,100 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of H.B. Fuller in the 4th quarter valued at about $465,000. Finally, Jones Financial Companies Lllp lifted its holdings in shares of H.B. Fuller by 128.8% in the 4th quarter. Jones Financial Companies Lllp now owns 899 shares of the specialty chemicals company’s stock valued at $61,000 after purchasing an additional 506 shares during the last quarter. 95.93% of the stock is owned by institutional investors and hedge funds.

H.B. Fuller Price Performance

NYSE:FUL opened at $54.10 on Monday. The company has a quick ratio of 1.16, a current ratio of 1.81 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $2.93 billion, a P/E ratio of 23.42, a P/E/G ratio of 1.13 and a beta of 1.12. H.B. Fuller has a 52 week low of $47.56 and a 52 week high of $87.67. The stock’s fifty day moving average is $54.78 and its two-hundred day moving average is $59.52.

H.B. Fuller (NYSE:FUL) last posted its quarterly earnings data on Wednesday, March 26th. The specialty chemicals company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.05. The firm had revenue of $788.66 million for the quarter, compared to the consensus estimate of $769.55 million. H.B. Fuller had a return on equity of 12.01% and a net margin of 3.65%. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.67 EPS. Equities analysts expect that H.B. Fuller will post 4.07 EPS for the current year.

H.B. Fuller Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Tuesday, April 29th were paid a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a yield of 1.74%. This is a boost from H.B. Fuller’s previous quarterly dividend of $0.22. The ex-dividend date was Tuesday, April 29th. H.B. Fuller’s payout ratio is presently 47.00%.

About H.B. Fuller

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.