Brokerages Set H. B. Fuller Company (NYSE:FUL) Price Target at $63.80

Shares of H. B. Fuller Company (NYSE:FUL) have received a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating, three have issued 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 $63.80.

A number of research firms have recently commented on FUL. Vertical Research raised shares of H. B. Fuller from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 27th. Wall Street Zen raised shares of H. B. Fuller from a “hold” rating to a “buy” rating in a research report on Sunday, March 29th. JPMorgan Chase & Co. raised shares of H. B. Fuller from an “underweight” rating to a “neutral” rating and set a $58.00 price target on the stock in a research report on Wednesday, May 27th. Citigroup lifted their price target on shares of H. B. Fuller from $67.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, March 30th. Finally, Royal Bank Of Canada set a $58.00 price target on shares of H. B. Fuller in a research report on Wednesday, May 27th.

Insider Activity at H. B. Fuller

In other news, CEO Celeste Beeks Mastin purchased 5,170 shares of the company’s stock in a transaction dated Tuesday, April 7th. The shares were bought at an average price of $57.08 per share, with a total value of $295,103.60. Following the completion of the transaction, the chief executive officer directly owned 8,670 shares in the company, valued at $494,883.60. This trade represents a 147.71% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.83% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On H. B. Fuller

A number of institutional investors have recently modified their holdings of FUL. Strs Ohio bought a new position in shares of H. B. Fuller in the first quarter valued at approximately $101,000. EverSource Wealth Advisors LLC increased its position in H. B. Fuller by 129.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,218 shares of the specialty chemicals company’s stock worth $73,000 after acquiring an additional 688 shares during the period. Baird Financial Group Inc. increased its position in H. B. Fuller by 19.6% during the second quarter. Baird Financial Group Inc. now owns 7,518 shares of the specialty chemicals company’s stock worth $452,000 after acquiring an additional 1,232 shares during the period. Marshall Wace LLP increased its position in H. B. Fuller by 382.1% during the second quarter. Marshall Wace LLP now owns 20,370 shares of the specialty chemicals company’s stock worth $1,225,000 after acquiring an additional 16,145 shares during the period. Finally, Cerity Partners LLC increased its position in H. B. Fuller by 2.3% during the second quarter. Cerity Partners LLC now owns 11,499 shares of the specialty chemicals company’s stock worth $692,000 after acquiring an additional 261 shares during the period. Institutional investors own 95.93% of the company’s stock.

H. B. Fuller Price Performance

Shares of FUL opened at $59.82 on Monday. The firm has a market cap of $3.26 billion, a PE ratio of 19.74, a PEG ratio of 0.79 and a beta of 0.96. The firm’s 50 day moving average price is $60.94 and its 200 day moving average price is $60.69. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.15 and a current ratio of 1.92. H. B. Fuller has a twelve month low of $48.71 and a twelve month high of $68.63.

H. B. Fuller (NYSE:FUL) last issued its quarterly earnings data on Thursday, March 26th. The specialty chemicals company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.01. The firm had revenue of $770.84 million for the quarter, compared to analyst estimates of $787.77 million. H. B. Fuller had a net margin of 4.62% and a return on equity of 11.84%. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 earnings per share. As a group, research analysts expect that H. B. Fuller will post 4.77 EPS for the current fiscal year.

H. B. Fuller Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, April 30th were given a $0.245 dividend. This is a positive change from H. B. Fuller’s previous quarterly dividend of $0.24. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Thursday, April 30th. H. B. Fuller’s payout ratio is 32.34%.

About H. B. Fuller

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.