H. B. Fuller Company (NYSE:FUL) Given Average Rating of “Hold” by Brokerages

Shares of H. B. Fuller Company (NYSE:FUL) have received a consensus recommendation of “Hold” from the six analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $67.75.

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

H. B. Fuller Price Performance

Shares of H. B. Fuller stock opened at $60.18 on Tuesday. The stock has a market cap of $3.27 billion, a P/E ratio of 20.06, a P/E/G ratio of 0.90 and a beta of 1.10. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.06 and a current ratio of 1.70. The stock’s fifty day moving average is $60.27 and its 200 day moving average is $59.52. H. B. Fuller has a one year low of $47.56 and a one year high of $67.05.

H. B. Fuller (NYSE:FUL) last issued its quarterly earnings results on Thursday, January 15th. The specialty chemicals company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.04. The business had revenue of $894.79 million for the quarter, compared to the consensus estimate of $901.34 million. H. B. Fuller had a net margin of 4.38% and a return on equity of 12.21%. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.92 earnings per share. Sell-side analysts anticipate that H. B. Fuller will post 4.07 earnings per share for the current year.

H. B. Fuller Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 19th. Stockholders of record on Thursday, February 5th will be given a dividend of $0.235 per share. The ex-dividend date of this dividend is Thursday, February 5th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.6%. H. B. Fuller’s dividend payout ratio (DPR) is 31.33%.

Insiders Place Their Bets

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

Hedge Funds Weigh In On H. B. Fuller

A number of large investors have recently made changes to their positions in the business. Strs Ohio purchased a new stake in H. B. Fuller during the 1st quarter valued at about $101,000. Wealth Enhancement Advisory Services LLC boosted its position in H. B. Fuller by 13.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 11,324 shares of the specialty chemicals company’s stock valued at $705,000 after buying an additional 1,386 shares during the last quarter. GAMMA Investing LLC increased its holdings in H. B. Fuller by 119.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,952 shares of the specialty chemicals company’s stock worth $178,000 after buying an additional 1,604 shares during the period. State of Alaska Department of Revenue raised its position in H. B. Fuller by 6.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 32,270 shares of the specialty chemicals company’s stock worth $1,940,000 after buying an additional 1,975 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in H. B. Fuller by 20.5% during the 2nd quarter. Signaturefd LLC now owns 1,743 shares of the specialty chemicals company’s stock valued at $105,000 after acquiring an additional 297 shares during the period. 95.93% of the stock is owned by institutional investors and hedge funds.

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.