H.B. Fuller (NYSE:FUL) Receives Average Recommendation of “Hold” from Brokerages

Shares of H.B. Fuller (NYSE:FUL) have received a consensus rating of “Hold” from the five analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $75.60.

A number of brokerages have issued reports on FUL. JPMorgan Chase & Co. lowered their target price on H.B. Fuller from $70.00 to $60.00 and set an “underweight” rating for the company in a report on Friday, January 17th. Citigroup cut their price target on H.B. Fuller from $78.00 to $68.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Deutsche Bank Aktiengesellschaft dropped their target price on H.B. Fuller from $75.00 to $72.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Finally, Vertical Research downgraded H.B. Fuller from a “buy” rating to a “hold” rating in a research report on Monday, January 6th.

H.B. Fuller Stock Performance

FUL opened at $60.67 on Tuesday. The business has a fifty day simple moving average of $65.14 and a 200 day simple moving average of $73.99. The company has a market capitalization of $3.32 billion, a PE ratio of 26.27, a price-to-earnings-growth ratio of 1.17 and a beta of 1.42. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.81 and a quick ratio of 1.16. H.B. Fuller has a 1 year low of $59.10 and a 1 year high of $87.67.

H.B. Fuller (NYSE:FUL) last released its earnings results on Wednesday, January 15th. The specialty chemicals company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.08). H.B. Fuller had a net margin of 3.65% and a return on equity of 12.01%. The company had revenue of $923.00 million for the quarter, compared to the consensus estimate of $916.84 million. During the same quarter in the previous year, the company posted $1.32 earnings per share. The business’s revenue was up 2.2% compared to the same quarter last year. Research analysts expect that H.B. Fuller will post 4.07 EPS for the current year.

H.B. Fuller Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be paid a dividend of $0.2225 per share. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 1.47%. H.B. Fuller’s payout ratio is 38.53%.

Hedge Funds Weigh In On H.B. Fuller

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp boosted its holdings in H.B. Fuller by 128.8% during the 4th quarter. Jones Financial Companies Lllp now owns 899 shares of the specialty chemicals company’s stock valued at $61,000 after acquiring an additional 506 shares during the period. Sterling Capital Management LLC increased its position in H.B. Fuller by 731.1% during the 4th quarter. Sterling Capital Management LLC now owns 1,255 shares of the specialty chemicals company’s stock valued at $85,000 after buying an additional 1,104 shares in the last quarter. Quantbot Technologies LP purchased a new stake in H.B. Fuller during the 4th quarter valued at $266,000. New Age Alpha Advisors LLC purchased a new stake in H.B. Fuller during the 4th quarter valued at $465,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in H.B. Fuller during the 4th quarter valued at $783,000. 95.93% of the stock is currently owned by hedge funds and other institutional investors.

About H.B. Fuller

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.