H. B. Fuller Company (NYSE:FUL) Receives Average Rating of "Buy" from Analysts

Key Points

• Analysts have a consensus “Buy” rating on H. B. Fuller, with three buy, two strong-buy and two hold recommendations. The average 12-month price target is $67.86, above the reported share price of $53.10.
• H. B. Fuller exceeded quarterly expectations, reporting $1.41 in EPS versus the $1.37 estimate and revenue of $950.27 million, up 5.8% year over year. Analysts expect full-year EPS of $4.87.
• The company paid a quarterly dividend of $0.245 per share, equivalent to an annualized $0.98 dividend and a 1.8% yield. Institutional investors own approximately 95.93% of the stock, while an executive recently sold 9,561 shares.

Shares of H. B. Fuller Company (NYSE:FUL - Get Free Report) have been given a consensus rating of "Buy" by the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $67.8571.

A number of equities analysts have recently commented on FUL shares. Royal Bank Of Canada set a $58.00 price objective on H. B. Fuller in a research note on Wednesday, May 27th. Raymond James Financial set a $67.00 target price on H. B. Fuller in a report on Friday, June 26th. Deutsche Bank Aktiengesellschaft lifted their price target on H. B. Fuller from $70.00 to $72.00 and gave the stock a "buy" rating in a research report on Tuesday, June 30th. The Goldman Sachs Group set a $67.00 price target on H. B. Fuller in a report on Friday, June 26th. Finally, JPMorgan Chase & Co. upgraded shares of H. B. Fuller from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $58.00 to $67.00 in a research note on Friday, June 26th.

Insider Activity at H. B. Fuller

In related news, VP Nathan Weaver sold 9,561 shares of the business's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $62.06, for a total transaction of $593,355.66. Following the transaction, the vice president directly owned 11,739 shares in the company, valued at $728,522.34. The trade was a 44.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.83% of the company's stock.

Institutional Trading of H. B. Fuller

Several institutional investors have recently modified their holdings of FUL. California State Teachers Retirement System lifted its holdings in shares of H. B. Fuller by 5,774.0% during the 2nd quarter. California State Teachers Retirement System now owns 3,619,751 shares of the specialty chemicals company's stock worth $210,995,000 after acquiring an additional 3,558,128 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of H. B. Fuller in the 2nd quarter worth approximately $86,000. Bank of New York Mellon Corp bought a new position in shares of H. B. Fuller during the 2nd quarter worth approximately $29,611,000. S&CO Inc. bought a new position in shares of H. B. Fuller during the 2nd quarter worth approximately $14,093,000. Finally, Parallel Advisors LLC boosted its stake in H. B. Fuller by 85.6% in the 1st quarter. Parallel Advisors LLC now owns 1,034 shares of the specialty chemicals company's stock valued at $64,000 after buying an additional 477 shares in the last quarter. Institutional investors and hedge funds own 95.93% of the company's stock.

H. B. Fuller Trading Down 1.5%

NYSE:FUL opened at $53.10 on Wednesday. The company's 50 day moving average is $57.32 and its 200-day moving average is $59.59. The company has a quick ratio of 1.12, a current ratio of 1.80 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 firm has a market cap of $2.86 billion, a price-to-earnings ratio of 16.29, a P/E/G ratio of 0.58 and a beta of 0.97.

H. B. Fuller (NYSE:FUL - Get Free Report) last posted its quarterly earnings data on Thursday, June 25th. The specialty chemicals company reported $1.41 earnings per share (EPS) 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 net margin of 5.29% and a return on equity of 12.18%. H. B. Fuller's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.18 EPS. Equities analysts anticipate that H. B. Fuller will post 4.87 EPS for the current year.

H. B. Fuller Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th were issued a $0.245 dividend. The ex-dividend date of this dividend was Thursday, July 30th. This represents a $0.98 dividend on an annualized basis and a yield of 1.8%. H. B. Fuller's dividend payout ratio is 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.

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