H. B. Fuller Company (NYSE:FUL) Stock Has Consensus Target Price of $64.62 According to Analysts

Shares of H. B. Fuller Company (NYSE:FUL) have earned an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $64.62.

A number of analysts have issued reports on FUL shares. Raymond James Financial set a $67.00 price target on H. B. Fuller in a research note on Friday, June 26th. JPMorgan Chase & Co. dropped their price objective on shares of H. B. Fuller from $67.00 to $66.00 and set an “overweight” rating for the company in a research note on Monday, September 28th. UBS Group set a $69.00 price objective on shares of H. B. Fuller in a report on Friday, June 26th. Weiss Ratings lowered shares of H. B. Fuller from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, September 14th. Finally, Robert W. Baird decreased their target price on shares of H. B. Fuller from $75.00 to $65.00 and set an “outperform” rating on the stock in a research report on Friday, September 25th.

H. B. Fuller Trading Down 1.7%

Shares of FUL opened at $49.58 on Friday. H. B. Fuller has a fifty-two week low of $46.70 and a fifty-two week high of $68.63. The company has a market capitalization of $2.67 billion, a PE ratio of 13.81, a price-to-earnings-growth ratio of 0.61 and a beta of 0.99. The stock has a fifty day moving average of $54.56 and a two-hundred day moving average of $58.06. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.10 and a current ratio of 1.82.

H. B. Fuller (NYSE:FUL) last posted its quarterly earnings data on Thursday, September 24th. The specialty chemicals company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.05. The business had revenue of $938.17 million for the quarter, compared to analysts’ expectations of $945.59 million. H. B. Fuller had a return on equity of 12.65% and a net margin of 5.56%. The business’s revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.26 earnings per share. As a group, analysts forecast that H. B. Fuller will post 4.88 EPS for the current year.

H. B. Fuller Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Thursday, October 15th will be given a dividend of $0.2450 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.98 annualized dividend and a yield of 2.0%. H. B. Fuller’s dividend payout ratio is 27.30%.

Insider Activity at H. B. Fuller

In other news, Director Michael J. Happe acquired 2,000 shares of the company’s stock in a transaction dated Tuesday, September 29th. The stock was acquired at an average cost of $49.62 per share, for a total transaction of $99,240.00. Following the acquisition, the director directly owned 3,343 shares in the company, valued at approximately $165,879.66. This represents a 148.92% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Trangsrud Teresa J. Rasmussen acquired 2,042 shares of the company’s stock in a transaction dated Monday, September 28th. The shares were purchased at an average price of $48.96 per share, with a total value of $99,976.32. Following the completion of the acquisition, the director owned 4,053 shares in the company, valued at approximately $198,434.88. The trade was a 101.54% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought a total of 12,582 shares of company stock valued at $621,322 over the last 90 days. 1.83% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FUL. Norges Bank purchased a new position in shares of H. B. Fuller in the 4th quarter worth about $44,203,000. Royal Bank of Canada lifted its stake in shares of H. B. Fuller by 2,694.7% in the 1st quarter. Royal Bank of Canada now owns 675,765 shares of the specialty chemicals company’s stock valued at $41,681,000 after purchasing an additional 651,585 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of H. B. Fuller in the 2nd quarter valued at about $29,611,000. Verition Fund Management LLC grew its holdings in shares of H. B. Fuller by 1,379.5% during the 4th quarter. Verition Fund Management LLC now owns 383,955 shares of the specialty chemicals company’s stock worth $22,830,000 after purchasing an additional 358,003 shares during the period. Finally, S&CO Inc. purchased a new stake in shares of H. B. Fuller during the 2nd quarter worth about $14,093,000. Institutional investors and hedge funds own 95.93% of the company’s stock.

H. B. Fuller Company Profile

H.B. Fuller Company is a global manufacturer of adhesives, sealants and specialty chemical products. Its solutions are used to bond, seal, protect and assemble materials in commercial and industrial applications, including packaging, hygiene products, construction, transportation, electronics and durable goods.

The company offers products such as hot-melt, water-based and reactive adhesives, construction adhesives, sealants, coatings and specialty formulations. H.B. Fuller serves manufacturers, contractors and other commercial customers that require bonding and sealing solutions for products, components and building materials.

Founded in 1887 by Harvey Benjamin Fuller, the company has grown from a regional adhesive producer into an international supplier serving customers across North America, Europe, Asia-Pacific and Latin America.