H.B. Fuller (NYSE:FUL) Announces Quarterly Earnings Results

H.B. Fuller (NYSE:FULGet Free Report) issued its earnings results on Wednesday. The specialty chemicals company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.03, Briefing.com reports. The company had revenue of $810.42 million for the quarter, compared to analysts’ expectations of $823.04 million. H.B. Fuller had a net margin of 4.39% and a return on equity of 12.97%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the business earned $0.55 EPS. H.B. Fuller updated its FY24 guidance to $4.15-4.45 EPS and its FY 2024 guidance to 4.150-4.450 EPS.

H.B. Fuller Price Performance

NYSE:FUL opened at $79.72 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.89 and a debt-to-equity ratio of 1.05. H.B. Fuller has a 52 week low of $62.57 and a 52 week high of $84.31. The stock’s 50-day moving average price is $78.32 and its 200-day moving average price is $75.33. The stock has a market capitalization of $4.32 billion, a PE ratio of 28.99, a price-to-earnings-growth ratio of 1.31 and a beta of 1.52.

H.B. Fuller Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 21st. Stockholders of record on Wednesday, February 7th were paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend was Tuesday, February 6th. H.B. Fuller’s payout ratio is currently 29.82%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on FUL shares. Stifel Nicolaus lifted their price target on shares of H.B. Fuller from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, January 19th. StockNews.com upgraded H.B. Fuller from a “hold” rating to a “buy” rating in a research note on Thursday, January 18th. Robert W. Baird reiterated a “neutral” rating and set a $80.00 price target on shares of H.B. Fuller in a research note on Friday, January 19th. Finally, Vertical Research started coverage on shares of H.B. Fuller in a research note on Tuesday, March 19th. They set a “buy” rating and a $88.00 price objective for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $84.20.

Get Our Latest Report on H.B. Fuller

Insider Buying and Selling

In other H.B. Fuller news, VP Heather Campe sold 3,450 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $76.83, for a total value of $265,063.50. Following the sale, the vice president now directly owns 19,736 shares of the company’s stock, valued at $1,516,316.88. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, VP Muhammad Shahbaz Malik sold 14,000 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $76.28, for a total value of $1,067,920.00. Following the transaction, the vice president now directly owns 9,089 shares of the company’s stock, valued at approximately $693,308.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Heather Campe sold 3,450 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $76.83, for a total value of $265,063.50. Following the transaction, the vice president now directly owns 19,736 shares of the company’s stock, valued at approximately $1,516,316.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,693 shares of company stock valued at $2,353,357. 1.96% of the stock is owned by company insiders.

Institutional Trading of H.B. Fuller

A number of institutional investors have recently made changes to their positions in the company. Eagle Bay Advisors LLC purchased a new position in H.B. Fuller in the 2nd quarter valued at $33,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of H.B. Fuller in the fourth quarter worth about $418,000. Marshall Wace LLP acquired a new position in H.B. Fuller during the third quarter worth about $701,000. Teachers Retirement System of The State of Kentucky purchased a new stake in H.B. Fuller during the 3rd quarter valued at about $996,000. Finally, State of Tennessee Treasury Department raised its holdings in H.B. Fuller by 13.0% in the 4th quarter. State of Tennessee Treasury Department now owns 23,424 shares of the specialty chemicals company’s stock valued at $1,677,000 after acquiring an additional 2,699 shares during the last quarter. 95.93% of the stock is owned by institutional investors and hedge funds.

H.B. Fuller Company Profile

(Get Free Report)

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products in North America, Europe, Latin America, Asia Pacific, India, the Middle East, Africa, and internationally.

Further Reading

Earnings History for H.B. Fuller (NYSE:FUL)

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