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

H. B. Fuller Company (NYSE:FUL) has been given a consensus recommendation of “Hold” by the six analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $67.75.

A number of brokerages have commented on FUL. Citigroup lifted their price target on H. B. Fuller from $70.00 to $76.00 and gave the stock a “buy” rating in a research note on Friday, January 16th. UBS Group set a $66.00 price target on shares of H. B. Fuller in a report on Friday, January 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of H. B. Fuller in a research note on Monday, December 29th. Wall Street Zen lowered H. B. Fuller from a “buy” rating to a “hold” rating in a research report on Monday, November 24th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of H. B. Fuller in a research report on Friday, January 16th.

Insider Activity at H. B. Fuller

In other news, VP Nathan D. Weaver sold 7,075 shares of the company’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $58.38, for a total value of $413,038.50. Following the sale, the vice president directly owned 9,441 shares of the company’s stock, valued at $551,165.58. This represents a 42.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.99% of the company’s stock.

Institutional Investors Weigh In On H. B. Fuller

Several institutional investors and hedge funds have recently made changes to their positions in FUL. Deprince Race & Zollo Inc. boosted its stake in shares of H. B. Fuller by 80.4% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 555,877 shares of the specialty chemicals company’s stock worth $32,952,000 after acquiring an additional 247,815 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of H. B. Fuller by 16.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 612,048 shares of the specialty chemicals company’s stock valued at $36,815,000 after buying an additional 85,469 shares in the last quarter. Squarepoint Ops LLC purchased a new position in shares of H. B. Fuller during the 2nd quarter valued at about $1,661,000. Luminus Management LLC bought a new position in shares of H. B. Fuller during the 3rd quarter valued at approximately $2,172,000. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in H. B. Fuller by 12.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,904 shares of the specialty chemicals company’s stock worth $596,000 after acquiring an additional 1,077 shares in the last quarter. Institutional investors own 95.93% of the company’s stock.

H. B. Fuller Price Performance

FUL opened at $59.83 on Tuesday. 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 stock has a market capitalization of $3.25 billion, a P/E ratio of 19.94, a PEG ratio of 0.90 and a beta of 1.10. The stock has a 50-day moving average price of $59.97 and a 200-day moving average price of $59.57. H. B. Fuller has a 12-month low of $47.56 and a 12-month high of $67.05.

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

H. B. Fuller Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Thursday, February 5th will be paid a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Thursday, February 5th. H. B. Fuller’s dividend payout ratio is presently 31.33%.

About H. B. Fuller

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.