H.B. Fuller (NYSE:FUL) Given New $78.00 Price Target at Citigroup

H.B. Fuller (NYSE:FUL) had its price objective reduced by Citigroup from $85.00 to $78.00 in a research note released on Wednesday morning,Benzinga reports. They currently have a neutral rating on the specialty chemicals company’s stock.

Separately, StockNews.com cut H.B. Fuller from a “buy” rating to a “hold” rating in a research note on Wednesday, September 18th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $92.75.

H.B. Fuller Price Performance

Shares of FUL stock opened at $69.81 on Wednesday. The firm has a fifty day moving average of $75.87 and a two-hundred day moving average of $78.67. The firm has a market cap of $3.81 billion, a P/E ratio of 21.55, a P/E/G ratio of 1.25 and a beta of 1.41. H.B. Fuller has a 1-year low of $69.34 and a 1-year high of $87.67. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.89 and a quick ratio of 1.16.

H.B. Fuller (NYSE:FUL) last announced its quarterly earnings data on Wednesday, September 25th. The specialty chemicals company reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.10). H.B. Fuller had a net margin of 5.15% and a return on equity of 13.39%. The firm had revenue of $917.93 million during the quarter, compared to the consensus estimate of $944.04 million. During the same period in the prior year, the firm earned $1.06 earnings per share. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. As a group, research analysts anticipate that H.B. Fuller will post 4.17 earnings per share for the current fiscal year.

H.B. Fuller Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th were given a dividend of $0.2225 per share. This represents a $0.89 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Thursday, October 17th. H.B. Fuller’s payout ratio is 27.47%.

Institutional Investors Weigh In On H.B. Fuller

A number of hedge funds have recently added to or reduced their stakes in the stock. New York State Teachers Retirement System boosted its stake in H.B. Fuller by 3.1% during the 2nd quarter. New York State Teachers Retirement System now owns 88,348 shares of the specialty chemicals company’s stock valued at $6,799,000 after purchasing an additional 2,694 shares during the period. Bank of New York Mellon Corp boosted its position in shares of H.B. Fuller by 1.4% during the second quarter. Bank of New York Mellon Corp now owns 525,731 shares of the specialty chemicals company’s stock worth $40,460,000 after buying an additional 7,292 shares during the period. Dorsey & Whitney Trust CO LLC grew its holdings in H.B. Fuller by 8.1% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 71,354 shares of the specialty chemicals company’s stock worth $5,491,000 after buying an additional 5,356 shares in the last quarter. Marshall Wace LLP increased its position in H.B. Fuller by 9.9% in the 2nd quarter. Marshall Wace LLP now owns 290,005 shares of the specialty chemicals company’s stock valued at $22,319,000 after acquiring an additional 26,239 shares during the period. Finally, S&CO Inc. raised its stake in H.B. Fuller by 0.3% during the 3rd quarter. S&CO Inc. now owns 267,192 shares of the specialty chemicals company’s stock valued at $21,209,000 after acquiring an additional 920 shares in the last quarter. 95.93% of the stock is currently owned by 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. It operates through three segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Construction Adhesives.