H. B. Fuller Company (NYSE:FUL) Receives $67.86 Average Target Price from Brokerages

Shares of H. B. Fuller Company (NYSE:FUL) have earned an average recommendation of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $67.8571.

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of H. B. Fuller from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $58.00 to $67.00 in a research report on Friday, June 26th. Royal Bank Of Canada set a $58.00 price target on shares of H. B. Fuller in a report on Wednesday, May 27th. Citigroup increased their price objective on shares of H. B. Fuller from $70.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. The Goldman Sachs Group set a $67.00 price objective on H. B. Fuller in a research report on Friday, June 26th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on H. B. Fuller from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FUL. Jefferies Financial Group Inc. bought a new position in shares of H. B. Fuller during the 4th quarter valued at approximately $2,644,000. Congruence Capital LLC purchased a new stake in H. B. Fuller during the 4th quarter valued at $10,048,000. Norges Bank bought a new stake in H. B. Fuller in the fourth quarter worth $44,203,000. Kennedy Capital Management LLC lifted its position in H. B. Fuller by 43.4% in the fourth quarter. Kennedy Capital Management LLC now owns 630,194 shares of the specialty chemicals company’s stock worth $37,471,000 after buying an additional 190,750 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new position in H. B. Fuller during the fourth quarter worth $2,283,000. 95.93% of the stock is owned by hedge funds and other institutional investors.

H. B. Fuller Stock Down 2.2%

Shares of FUL opened at $55.01 on Tuesday. The business’s 50 day moving average is $59.82 and its 200 day moving average is $60.88. The company has a current ratio of 1.80, a quick ratio of 1.12 and a debt-to-equity ratio of 1.00. H. B. Fuller has a 12-month low of $48.71 and a 12-month high of $68.63. The company has a market capitalization of $2.96 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 0.61 and a beta of 0.98.

H. B. Fuller (NYSE:FUL) last posted its quarterly earnings results on Thursday, June 25th. The specialty chemicals company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.04. The business had revenue of $950.27 million during the quarter, compared to the consensus estimate of $924.83 million. H. B. Fuller had a return on equity of 12.18% and a net margin of 5.29%.The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.18 EPS. Research analysts expect that H. B. Fuller will post 4.87 earnings per share for the current fiscal year.

H. B. Fuller Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th will be paid a $0.245 dividend. The ex-dividend date of this dividend is Thursday, July 30th. This represents a $0.98 dividend on an annualized basis and a yield of 1.8%. H. B. Fuller’s payout ratio is presently 30.06%.

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.