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

Shares of H.B. Fuller (NYSE:FUL) have received a consensus rating of “Hold” from the five research firms that are presently covering the firm, MarketBeat reports. One 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 12-month price objective among analysts that have updated their coverage on the stock in the last year is $63.33.

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. dropped their price target on shares of H.B. Fuller from $60.00 to $50.00 and set an “underweight” rating for the company in a research report on Friday, March 28th. Deutsche Bank Aktiengesellschaft cut their target price on H.B. Fuller from $75.00 to $72.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. Vertical Research downgraded H.B. Fuller from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Citigroup cut their price objective 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. Finally, Seaport Res Ptn downgraded shares of H.B. Fuller from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th.

Insider Transactions at H.B. Fuller

In other H.B. Fuller news, CEO Celeste Beeks Mastin bought 3,500 shares of the business’s stock in a transaction on Tuesday, April 1st. The shares were purchased at an average price of $56.66 per share, with a total value of $198,310.00. Following the purchase, the chief executive officer now directly owns 3,500 shares of the company’s stock, valued at approximately $198,310. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.99% of the company’s stock.

Institutional Investors Weigh In On H.B. Fuller

Institutional investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its position in shares of 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 last quarter. Sterling Capital Management LLC lifted its holdings in shares of H.B. Fuller by 731.1% during the fourth quarter. Sterling Capital Management LLC now owns 1,255 shares of the specialty chemicals company’s stock valued at $85,000 after purchasing an additional 1,104 shares during the last quarter. MetLife Investment Management LLC boosted its position in shares of H.B. Fuller by 4.7% in the 4th quarter. MetLife Investment Management LLC now owns 33,058 shares of the specialty chemicals company’s stock valued at $2,231,000 after purchasing an additional 1,472 shares during the period. Quantbot Technologies LP purchased a new position in H.B. Fuller in the 4th quarter worth about $266,000. Finally, Wesbanco Bank Inc. raised its holdings in H.B. Fuller by 41.2% during the 4th quarter. Wesbanco Bank Inc. now owns 13,700 shares of the specialty chemicals company’s stock worth $924,000 after buying an additional 4,000 shares during the period. 95.93% of the stock is currently owned by institutional investors and hedge funds.

H.B. Fuller Price Performance

FUL stock opened at $57.12 on Wednesday. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of 24.73, a price-to-earnings-growth ratio of 1.13 and a beta of 1.41. The company has a quick ratio of 1.16, a current ratio of 1.81 and a debt-to-equity ratio of 1.10. H.B. Fuller has a 52-week low of $52.59 and a 52-week high of $87.67. The stock’s fifty day simple moving average is $58.09 and its 200-day simple moving average is $68.28.

H.B. Fuller (NYSE:FUL) last issued its quarterly earnings results on Wednesday, March 26th. The specialty chemicals company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. H.B. Fuller had a return on equity of 12.01% and a net margin of 3.65%. The firm had revenue of $788.66 million for the quarter, compared to analyst estimates of $769.55 million. During the same period last year, the company earned $0.67 EPS. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. Equities research analysts expect that H.B. Fuller will post 4.07 EPS for the current year.

H.B. Fuller Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were issued a $0.2225 dividend. This represents a $0.89 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Thursday, February 6th. H.B. Fuller’s dividend payout ratio (DPR) is 44.50%.

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.