H. B. Fuller Company (NYSE:FUL) Given Consensus Rating of “Hold” by Analysts

H. B. Fuller Company (NYSE:FUL) has been assigned a consensus rating of “Hold” from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $67.25.

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of H. B. Fuller from $50.00 to $54.00 and gave the stock an “underweight” rating in a research note on Friday, June 27th. Robert W. Baird boosted their target price on shares of H. B. Fuller from $60.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, June 27th. Finally, Baird R W upgraded shares of H. B. Fuller from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 17th.

H. B. Fuller Trading Up 1.3%

Shares of FUL stock opened at $64.12 on Friday. H. B. Fuller has a 12-month low of $47.56 and a 12-month high of $87.67. The company has a market capitalization of $3.46 billion, a P/E ratio of 34.66, a P/E/G ratio of 1.04 and a beta of 1.12. The firm has a 50-day moving average price of $56.91 and a 200 day moving average price of $57.83. The company has a quick ratio of 1.15, a current ratio of 1.87 and a debt-to-equity ratio of 1.13.

H. B. Fuller (NYSE:FUL) last announced its earnings results on Wednesday, June 25th. The specialty chemicals company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.08. H. B. Fuller had a net margin of 2.92% and a return on equity of 11.50%. The company had revenue of $898.10 million during the quarter, compared to the consensus estimate of $894.87 million. During the same period in the previous year, the firm posted $1.12 earnings per share. The company’s revenue was down 2.1% on a year-over-year basis. Research analysts forecast that H. B. Fuller will post 4.07 earnings per share for the current fiscal year.

H. B. Fuller Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Tuesday, April 29th were given a dividend of $0.235 per share. This is a boost from H. B. Fuller’s previous quarterly dividend of $0.22. The ex-dividend date was Tuesday, April 29th. This represents a $0.94 annualized dividend and a dividend yield of 1.47%. H. B. Fuller’s payout ratio is currently 50.81%.

Institutional Investors Weigh In On H. B. Fuller

Institutional investors have recently modified their holdings of the business. Parallel Advisors LLC grew its holdings in H. B. Fuller by 141.6% during the second quarter. Parallel Advisors LLC now owns 534 shares of the specialty chemicals company’s stock valued at $32,000 after purchasing an additional 313 shares during the period. Jones Financial Companies Lllp grew its holdings in H. B. Fuller by 128.8% during the fourth 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 period. Sterling Capital Management LLC grew its holdings in H. B. Fuller by 731.1% during the fourth quarter. Sterling Capital Management LLC now owns 1,255 shares of the specialty chemicals company’s stock valued at $85,000 after purchasing an additional 1,104 shares during the period. Strs Ohio acquired a new position in H. B. Fuller during the first quarter valued at approximately $101,000. Finally, Quantbot Technologies LP acquired a new position in H. B. Fuller during the fourth quarter valued at approximately $266,000. Institutional investors and hedge funds own 95.93% of the company’s stock.

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.