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

H.B. Fuller (NYSE:FUL) has earned an average rating of “Moderate Buy” from the four ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $92.75.

A number of brokerages recently issued reports on FUL. Robert W. Baird raised their target price on shares of H.B. Fuller from $80.00 to $90.00 and gave the stock a “neutral” rating in a research report on Monday, April 1st. Vertical Research started coverage on H.B. Fuller in a report on Tuesday, March 19th. They set a “buy” rating and a $88.00 price objective on the stock.

Insiders Place Their Bets

In related news, EVP Zhiwei Cai sold 4,645 shares of H.B. Fuller stock in a transaction on Monday, April 29th. The stock was sold at an average price of $75.15, for a total value of $349,071.75. Following the transaction, the executive vice president now owns 30,663 shares in the company, valued at $2,304,324.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other H.B. Fuller news, VP Nathan D. Weaver sold 7,292 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $78.64, for a total transaction of $573,442.88. Following the completion of the sale, the vice president now directly owns 4,803 shares in the company, valued at $377,707.92. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Zhiwei Cai sold 4,645 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $75.15, for a total transaction of $349,071.75. Following the completion of the transaction, the executive vice president now directly owns 30,663 shares in the company, valued at approximately $2,304,324.45. The disclosure for this sale can be found here. Insiders have sold a total of 34,253 shares of company stock valued at $2,669,188 over the last quarter. Company insiders own 1.96% of the company’s stock.

Institutional Trading of H.B. Fuller

A number of institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement Association of Colorado raised its stake in shares of H.B. Fuller by 2,588.7% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 335,119 shares of the specialty chemicals company’s stock valued at $27,282,000 after purchasing an additional 322,655 shares during the period. Luminus Management LLC lifted its holdings in H.B. Fuller by 123.9% in the 3rd quarter. Luminus Management LLC now owns 410,351 shares of the specialty chemicals company’s stock worth $28,154,000 after buying an additional 227,055 shares in the last quarter. Partners Capital Investment Group LLP purchased a new position in H.B. Fuller in the 4th quarter valued at about $5,598,000. Kennedy Capital Management LLC grew its stake in shares of H.B. Fuller by 19.3% during the third quarter. Kennedy Capital Management LLC now owns 82,273 shares of the specialty chemicals company’s stock valued at $5,645,000 after acquiring an additional 13,328 shares in the last quarter. Finally, Wesbanco Bank Inc. purchased a new stake in shares of H.B. Fuller during the first quarter worth about $773,000. 95.93% of the stock is owned by hedge funds and other institutional investors.

H.B. Fuller Stock Down 0.8 %

FUL opened at $76.33 on Thursday. The firm has a market cap of $4.16 billion, a P/E ratio of 26.05, a PEG ratio of 1.21 and a beta of 1.44. The business’s fifty day simple moving average is $78.01 and its 200 day simple moving average is $78.42. H.B. Fuller has a 52 week low of $64.64 and a 52 week high of $84.31. The company has a quick ratio of 1.16, a current ratio of 1.89 and a debt-to-equity ratio of 1.13.

H.B. Fuller (NYSE:FUL) last released its earnings results on Thursday, June 27th. The specialty chemicals company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.09. The company had revenue of $917.10 million for the quarter, compared to analyst estimates of $914.22 million. H.B. Fuller had a net margin of 4.67% and a return on equity of 13.33%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.93 EPS. As a group, equities research analysts anticipate that H.B. Fuller will post 4.35 EPS for the current fiscal year.

H.B. Fuller Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 9th. Investors of record on Thursday, April 25th were given a dividend of $0.222 per share. This is a positive change from H.B. Fuller’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Wednesday, April 24th. This represents a $0.89 annualized dividend and a yield of 1.16%. H.B. Fuller’s dividend payout ratio is 30.38%.

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.