H. B. Fuller Company (NYSE:FUL) Given Average Recommendation of “Hold” by Brokerages

Shares of H. B. Fuller Company (NYSE:FUL) have been given a consensus rating of “Hold” by the six research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $67.75.

A number of analysts recently issued reports on FUL shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of H. B. Fuller in a research report on Friday, January 16th. Citigroup boosted their price target on H. B. Fuller from $70.00 to $76.00 and gave the company a “buy” rating in a report on Friday, January 16th. Weiss Ratings reissued a “hold (c)” rating on shares of H. B. Fuller in a research note on Monday, December 29th. Wall Street Zen upgraded H. B. Fuller from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Finally, UBS Group set a $66.00 price objective on H. B. Fuller in a research report on Friday, January 16th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Bayban acquired a new stake in shares of H. B. Fuller in the fourth quarter worth approximately $156,000. Caitong International Asset Management Co. Ltd increased its position in H. B. Fuller by 510.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,466 shares of the specialty chemicals company’s stock worth $87,000 after purchasing an additional 1,226 shares during the last quarter. DGS Capital Management LLC acquired a new position in H. B. Fuller during the fourth quarter worth approximately $204,000. Invesco Ltd. raised its stake in H. B. Fuller by 1.4% during the fourth quarter. Invesco Ltd. now owns 152,960 shares of the specialty chemicals company’s stock worth $9,095,000 after purchasing an additional 2,042 shares during the period. Finally, Mercer Global Advisors Inc. ADV boosted its holdings in shares of H. B. Fuller by 92.7% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,433 shares of the specialty chemicals company’s stock valued at $442,000 after purchasing an additional 3,575 shares during the last quarter. Institutional investors and hedge funds own 95.93% of the company’s stock.

H. B. Fuller Trading Up 0.1%

Shares of FUL stock opened at $54.81 on Wednesday. The company has a market capitalization of $2.99 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 0.82 and a beta of 1.07. The company has a current ratio of 1.70, a quick ratio of 1.06 and a debt-to-equity ratio of 1.01. The firm has a 50-day moving average price of $62.67 and a 200 day moving average price of $60.47. H. B. Fuller has a twelve month low of $47.56 and a twelve month high of $68.63.

H. B. Fuller (NYSE:FUL) last released its quarterly earnings results on Thursday, January 15th. The specialty chemicals company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.04. The company had revenue of $894.79 million for the quarter, compared to analysts’ expectations of $901.34 million. H. B. Fuller had a net margin of 4.38% and a return on equity of 12.21%. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period last year, the company earned $0.92 EPS. Research analysts forecast that H. B. Fuller will post 4.07 earnings per share for the current fiscal year.

H. B. Fuller Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Thursday, February 5th were issued a $0.235 dividend. The ex-dividend date was Thursday, February 5th. This represents a $0.94 annualized dividend and a yield of 1.7%. H. B. Fuller’s payout ratio is 31.33%.

H. B. Fuller Company Profile

H. B. Fuller Company, founded in 1887 and headquartered in St. Paul, Minnesota, is a global adhesives and specialty chemical solutions provider serving a wide array of industries. The company develops, manufactures and markets adhesive technologies, sealants, polymers and related chemical products designed to enhance product performance, sustainability and manufacturing efficiency.

Fuller’s product portfolio spans multiple market segments, including packaging and converting, general industrial assembly, electronics, transportation, hygiene and construction.