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

H.B. Fuller (NYSE:FUL) has been assigned a consensus recommendation of “Hold” from the six analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $75.60.

Several research analysts have recently issued reports on FUL shares. JPMorgan Chase & Co. decreased their target price on H.B. Fuller from $70.00 to $60.00 and set an “underweight” rating for the company in a research report on Friday, January 17th. Deutsche Bank Aktiengesellschaft decreased their price objective on H.B. Fuller from $75.00 to $72.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. Vertical Research downgraded shares of H.B. Fuller from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Seaport Res Ptn cut shares of H.B. Fuller from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Finally, Citigroup dropped their price objective on shares of H.B. Fuller from $78.00 to $68.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd.

Institutional Trading of H.B. Fuller

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

H.B. Fuller Stock Up 0.9 %

Shares of H.B. Fuller stock opened at $53.38 on Friday. The company has a current ratio of 1.81, a quick ratio of 1.16 and a debt-to-equity ratio of 1.10. H.B. Fuller has a 12-month low of $52.59 and a 12-month high of $87.67. The company has a market cap of $2.89 billion, a P/E ratio of 23.11, a PEG ratio of 1.13 and a beta of 1.41. The company’s fifty day simple moving average is $60.01 and its two-hundred day simple moving average is $70.71.

H.B. Fuller (NYSE:FUL) last announced its quarterly earnings results on Wednesday, January 15th. The specialty chemicals company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts’ expectations of $916.84 million. During the same quarter in the prior year, the firm earned $1.32 EPS. H.B. Fuller’s quarterly revenue was up 2.2% compared to the same quarter last year. Research analysts anticipate that H.B. Fuller will post 4.07 EPS for the current year.

H.B. Fuller Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were issued a $0.2225 dividend. The ex-dividend date was Thursday, February 6th. This represents a $0.89 dividend on an annualized basis and a yield of 1.67%. H.B. Fuller’s payout ratio is currently 38.53%.

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.