Citigroup Issues Positive Forecast for H. B. Fuller (NYSE:FUL) Stock Price

H. B. Fuller (NYSE:FUL) had its target price lifted by Citigroup from $67.00 to $70.00 in a research note published on Monday morning,Benzinga reports. Citigroup currently has a buy rating on the specialty chemicals company’s stock.

A number of other research firms also recently weighed in on FUL. Vertical Research upgraded shares of H. B. Fuller from a “hold” rating to a “strong-buy” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of H. B. Fuller in a research note on Friday, January 16th. UBS Group dropped their price objective on H. B. Fuller from $66.00 to $63.00 and set a “neutral” rating for the company in a report on Friday. Wall Street Zen upgraded H. B. Fuller from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of H. B. Fuller in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $65.50.

H. B. Fuller Stock Up 0.4%

FUL stock opened at $59.40 on Monday. H. B. Fuller has a fifty-two week low of $47.56 and a fifty-two week high of $68.63. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.92 and a quick ratio of 1.15. The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of 19.80, a PEG ratio of 0.88 and a beta of 1.07. The business’s fifty day moving average price is $61.01 and its two-hundred day moving average price is $60.02.

H. B. Fuller (NYSE:FUL) last announced its earnings results on Wednesday, March 25th. The specialty chemicals company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. H. B. Fuller had a net margin of 4.62% and a return on equity of 11.84%. The company had revenue of $770.84 million during the quarter, compared to analysts’ expectations of $787.77 million. During the same quarter in the previous year, the business posted $0.54 earnings per share. H. B. Fuller’s quarterly revenue was down 2.3% on a year-over-year basis. On average, equities analysts anticipate that H. B. Fuller will post 4.07 earnings per share for the current year.

H. B. Fuller Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Thursday, February 5th were paid a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Thursday, February 5th. H. B. Fuller’s dividend payout ratio (DPR) is 31.33%.

Institutional Trading of H. B. Fuller

Several institutional investors and hedge funds have recently modified their holdings of the business. Deprince Race & Zollo Inc. raised its stake in shares of H. B. Fuller by 80.4% during the third quarter. Deprince Race & Zollo Inc. now owns 555,877 shares of the specialty chemicals company’s stock valued at $32,952,000 after acquiring an additional 247,815 shares during the last quarter. New York State Common Retirement Fund grew its stake in shares of H. B. Fuller by 38.3% in the third quarter. New York State Common Retirement Fund now owns 149,448 shares of the specialty chemicals company’s stock worth $8,859,000 after purchasing an additional 41,365 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in H. B. Fuller by 16.2% in the second quarter. JPMorgan Chase & Co. now owns 612,048 shares of the specialty chemicals company’s stock valued at $36,815,000 after purchasing an additional 85,469 shares during the period. Squarepoint Ops LLC acquired a new stake in H. B. Fuller in the second quarter valued at $1,661,000. Finally, Luminus Management LLC bought a new position in H. B. Fuller during the 3rd quarter worth $2,172,000. 95.93% of the stock is currently owned by institutional investors.

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.