Analysts Set H. B. Fuller Company (NYSE:FUL) Price Target at $66.20

Shares of H. B. Fuller Company (NYSE:FUL) have been given an average recommendation of “Moderate Buy” by the nine analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, three have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $66.20.

A number of equities research analysts have weighed in on the company. Citigroup upgraded H. B. Fuller from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $62.00 to $70.00 in a report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of H. B. Fuller in a research report on Monday, December 1st. Wall Street Zen downgraded shares of H. B. Fuller from a “buy” rating to a “hold” rating in a research report on Monday, November 24th. UBS Group started coverage on shares of H. B. Fuller in a research note on Friday, November 21st. They set a “neutral” rating and a $60.00 target price on the stock. Finally, Seaport Res Ptn raised shares of H. B. Fuller from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 26th.

H. B. Fuller Trading Down 0.9%

NYSE:FUL opened at $60.38 on Monday. H. B. Fuller has a 52 week low of $47.56 and a 52 week high of $73.70. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.18 and a current ratio of 1.93. The firm’s fifty day moving average is $58.35 and its 200-day moving average is $58.87. The firm has a market cap of $3.27 billion, a P/E ratio of 32.64, a P/E/G ratio of 0.98 and a beta of 1.09.

H. B. Fuller (NYSE:FUL) last released its earnings results on Wednesday, April 13th. The specialty chemicals company reported $0.66 earnings per share (EPS) for the quarter. H. B. Fuller had a net margin of 3.28% and a return on equity of 11.49%. The business had revenue of $725.90 million for the quarter. H. B. Fuller has set its FY 2022 guidance at $4.100-$4.350 EPS. Equities analysts expect that H. B. Fuller will post 4.07 earnings per share for the current year.

H. B. Fuller Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 30th. Investors of record on Thursday, October 16th were given 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, October 16th. H. B. Fuller’s payout ratio is presently 50.81%.

Insider Activity at H. B. Fuller

In other H. B. Fuller news, VP Nathan D. Weaver sold 7,075 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $58.38, for a total value of $413,038.50. Following the completion of the sale, the vice president owned 9,441 shares of the company’s stock, valued at approximately $551,165.58. This trade represents a 42.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO John J. Corkrean sold 14,222 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $60.31, for a total value of $857,728.82. Following the transaction, the chief financial officer directly owned 54,646 shares in the company, valued at $3,295,700.26. The trade was a 20.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.99% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System grew its stake in shares of H. B. Fuller by 0.3% during the 2nd quarter. California State Teachers Retirement System now owns 50,486 shares of the specialty chemicals company’s stock worth $3,037,000 after acquiring an additional 173 shares during the period. Glenmede Investment Management LP increased its stake in shares of H. B. Fuller by 3.9% in the third quarter. Glenmede Investment Management LP now owns 4,809 shares of the specialty chemicals company’s stock worth $285,000 after purchasing an additional 179 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of H. B. Fuller by 3.1% in the second quarter. Teacher Retirement System of Texas now owns 8,232 shares of the specialty chemicals company’s stock valued at $495,000 after purchasing an additional 246 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of H. B. Fuller by 1.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 24,867 shares of the specialty chemicals company’s stock valued at $1,474,000 after buying an additional 251 shares in the last quarter. Finally, Cerity Partners LLC lifted its stake in shares of H. B. Fuller by 2.3% during the 2nd quarter. Cerity Partners LLC now owns 11,499 shares of the specialty chemicals company’s stock valued at $692,000 after buying an additional 261 shares in 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, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products. It operates through three segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Construction Adhesives.