H. B. Fuller (NYSE:FUL) Given New $67.00 Price Target at Citigroup

H. B. Fuller (NYSE:FUL) had its price target decreased by Citigroup from $76.00 to $67.00 in a research note released on Thursday morning,Benzinga reports. Citigroup currently has a buy rating on the specialty chemicals company’s stock.

FUL has been the subject of several other research reports. Wall Street Zen upgraded H. B. Fuller from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. UBS Group set a $66.00 price target on H. B. Fuller in a report on Friday, January 16th. Weiss Ratings reissued a “hold (c)” rating on shares of H. B. Fuller in a research report on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of H. B. Fuller in a research note on Friday, January 16th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $65.50.

H. B. Fuller Stock Performance

Shares of FUL opened at $50.35 on Thursday. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 16.78, a price-to-earnings-growth ratio of 0.78 and a beta of 1.07. The company’s fifty day moving average is $62.22 and its 200-day moving average is $60.35. The company has a quick ratio of 1.06, a current ratio of 1.70 and a debt-to-equity ratio of 1.01. H. B. Fuller has a 12 month low of $47.56 and a 12 month high of $68.63.

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

H. B. Fuller Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Thursday, February 5th were given a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Thursday, February 5th. H. B. Fuller’s dividend payout ratio is 31.33%.

Hedge Funds Weigh In On H. B. Fuller

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

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.