H.B. Fuller (NYSE:FUL) Issues FY24 Earnings Guidance

H.B. Fuller (NYSE:FUL) updated its FY24 earnings guidance on Wednesday. The company provided EPS guidance of $4.15-4.45 for the period, compared to the consensus EPS estimate of $4.31. The company issued revenue guidance of $3.58-$3.72 billion, compared to the consensus revenue estimate of $3.63 billion. H.B. Fuller also updated its FY 2024 guidance to 4.150-4.450 EPS.

Wall Street Analysts Forecast Growth

FUL has been the topic of a number of analyst reports. Vertical Research initiated coverage on H.B. Fuller in a research report on Tuesday, March 19th. They issued a buy rating and a $88.00 price target on the stock. StockNews.com upgraded shares of H.B. Fuller from a hold rating to a buy rating in a research note on Thursday, January 18th. Stifel Nicolaus lifted their price objective on shares of H.B. Fuller from $110.00 to $115.00 and gave the stock a buy rating in a research report on Friday, January 19th. Finally, Robert W. Baird reiterated a neutral rating and set a $80.00 target price on shares of H.B. Fuller in a research note on Friday, January 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, H.B. Fuller has a consensus rating of Hold and an average target price of $84.20.

H.B. Fuller Trading Up 2.8 %

NYSE FUL opened at $82.60 on Thursday. The firm’s fifty day moving average price is $78.28 and its 200 day moving average price is $75.30. H.B. Fuller has a 12 month low of $62.57 and a 12 month high of $83.64. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.89 and a quick ratio of 1.26. The company has a market capitalization of $4.48 billion, a price-to-earnings ratio of 31.89, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52.

H.B. Fuller (NYSE:FUL) last posted its earnings results on Thursday, January 18th. The specialty chemicals company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.05. The business had revenue of $903.00 million for the quarter, compared to analysts’ expectations of $929.85 million. H.B. Fuller had a return on equity of 12.73% and a net margin of 4.13%. The business’s revenue was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.04 earnings per share. On average, sell-side analysts expect that H.B. Fuller will post 4.35 earnings per share for the current fiscal year.

H.B. Fuller Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 21st. Investors of record on Wednesday, February 7th were issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date was Tuesday, February 6th. H.B. Fuller’s dividend payout ratio is currently 31.66%.

Insider Buying and Selling at H.B. Fuller

In other news, VP Muhammad Shahbaz Malik sold 14,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $76.28, for a total value of $1,067,920.00. Following the transaction, the vice president now owns 9,089 shares of the company’s stock, valued at $693,308.92. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, VP Heather Campe sold 3,450 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $76.83, for a total value of $265,063.50. Following the completion of the sale, the vice president now owns 19,736 shares in the company, valued at $1,516,316.88. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Muhammad Shahbaz Malik sold 14,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $76.28, for a total value of $1,067,920.00. Following the transaction, the vice president now owns 9,089 shares in the company, valued at approximately $693,308.92. The disclosure for this sale can be found here. Insiders sold a total of 30,693 shares of company stock valued at $2,353,357 in the last ninety days. Insiders own 1.96% of the company’s stock.

Institutional Trading of H.B. Fuller

Institutional investors have recently modified their holdings of the business. Ameriprise Financial Inc. boosted its position in shares of H.B. Fuller by 25.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 425,162 shares of the specialty chemicals company’s stock worth $29,170,000 after purchasing an additional 85,716 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its position in H.B. Fuller by 5.6% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 17,496 shares of the specialty chemicals company’s stock worth $1,251,000 after buying an additional 933 shares during the period. Kennedy Capital Management LLC increased its holdings in H.B. Fuller by 14.5% in the second quarter. Kennedy Capital Management LLC now owns 68,945 shares of the specialty chemicals company’s stock valued at $4,930,000 after buying an additional 8,707 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of H.B. Fuller by 150.1% during the 2nd quarter. Marshall Wace LLP now owns 34,336 shares of the specialty chemicals company’s stock worth $2,455,000 after acquiring an additional 20,608 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of H.B. Fuller by 5.8% in the 1st quarter. Geode Capital Management LLC now owns 999,922 shares of the specialty chemicals company’s stock worth $68,445,000 after acquiring an additional 55,005 shares during the period. 95.93% of the stock is currently owned by hedge funds and other institutional investors.

H.B. Fuller Company Profile

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products in North America, Europe, Latin America, Asia Pacific, India, the Middle East, Africa, and internationally.