H. B. Fuller Company (NYSE:FUL) Stock Has Consensus Price Target of $62.88 According to Analysts

Key Points

• Analyst consensus is “Moderate Buy” for H. B. Fuller, with four buy ratings, one strong-buy rating and three holds. The average 12-month price target is $62.88, above the reported share price of $49.26.
• H. B. Fuller beat quarterly earnings expectations, reporting $1.52 in EPS versus the $1.47 consensus, while revenue rose 5.2% year over year to $938.17 million but fell short of estimates.
• The company declared a quarterly dividend of $0.245 per share, equating to a $0.98 annualized payout and 2.0% yield; insiders also purchased 13,061 shares worth approximately $646,340 over the past 90 days.

H. B. Fuller Company (NYSE:FUL - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the eight research firms that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $62.88.

Several brokerages recently commented on FUL. Wall Street Zen downgraded shares of H. B. Fuller from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 25th. JPMorgan Chase & Co. decreased their price objective on shares of H. B. Fuller from $67.00 to $66.00 and set an "overweight" rating for the company in a research note on Monday, September 28th. Deutsche Bank Aktiengesellschaft dropped their target price on H. B. Fuller from $72.00 to $62.00 and set a "buy" rating for the company in a research report on Tuesday, September 29th. Robert W. Baird dropped their price objective on H. B. Fuller from $75.00 to $65.00 and set an "outperform" rating for the company in a report on Friday, September 25th. Finally, Zacks Research downgraded H. B. Fuller from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 18th.

H. B. Fuller Price Performance

Shares of H. B. Fuller stock opened at $49.26 on Thursday. The stock has a 50 day moving average price of $52.04 and a 200-day moving average price of $58.47. H. B. Fuller has a one year low of $46.70 and a one year high of $68.63. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 13.72, a price-to-earnings-growth ratio of 0.61 and a beta of 0.99. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.10 and a current ratio of 1.82.

H. B. Fuller (NYSE:FUL - Get Free Report) last posted its quarterly earnings data on Thursday, September 24th. The specialty chemicals company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.47 by $0.05. H. B. Fuller had a net margin of 5.56% and a return on equity of 12.65%. The company had revenue of $938.17 million during the quarter, compared to analyst estimates of $945.59 million. During the same period in the previous year, the firm earned $1.26 earnings per share. H. B. Fuller's quarterly revenue was up 5.2% compared to the same quarter last year. Equities analysts expect that H. B. Fuller will post 4.88 EPS for the current year.

H. B. Fuller Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Thursday, October 15th will be given a dividend of $0.2450 per share. This represents a $0.98 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Thursday, October 15th. H. B. Fuller's dividend payout ratio (DPR) is 27.30%.

Insider Buying and Selling at H. B. Fuller

In related news, Director Teresa Rasmussen bought 2,042 shares of the stock in a transaction dated Monday, September 28th. The stock was purchased at an average cost of $48.96 per share, with a total value of $99,976.32. Following the completion of the purchase, the director owned 4,053 shares of the company's stock, valued at $198,434.88. This trade represents a 101.54% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Srilata Zaheer purchased 2,000 shares of the business's stock in a transaction dated Monday, September 28th. The stock was bought at an average price of $49.06 per share, for a total transaction of $98,120.00. Following the completion of the acquisition, the director owned 3,346 shares of the company's stock, valued at approximately $164,154.76. The trade was a 148.59% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders purchased 13,061 shares of company stock valued at $646,340. 1.83% of the stock is owned by company insiders.

Institutional Investors Weigh In On H. B. Fuller

Large investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC boosted its holdings in shares of H. B. Fuller by 1.2% in the third quarter. Nisa Investment Advisors LLC now owns 25,381 shares of the specialty chemicals company's stock valued at $1,256,000 after purchasing an additional 313 shares during the period. Parallel Advisors LLC grew its stake in H. B. Fuller by 85.6% in the first quarter. Parallel Advisors LLC now owns 1,034 shares of the specialty chemicals company's stock worth $64,000 after purchasing an additional 477 shares in the last quarter. Inspire Investing LLC grew its stake in H. B. Fuller by 6.3% in the first quarter. Inspire Investing LLC now owns 8,362 shares of the specialty chemicals company's stock worth $516,000 after purchasing an additional 499 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in H. B. Fuller by 4.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 16,874 shares of the specialty chemicals company's stock worth $1,041,000 after purchasing an additional 699 shares during the period. Finally, Pictet Asset Management Holding SA increased its holdings in H. B. Fuller by 10.5% during the 1st quarter. Pictet Asset Management Holding SA now owns 8,750 shares of the specialty chemicals company's stock worth $540,000 after purchasing an additional 829 shares during the period. 95.93% of the stock is owned by hedge funds and other institutional investors.

H. B. Fuller Company Profile

H.B. Fuller Company NYSE: FUL develops and manufactures specialty adhesives, sealants and other engineered bonding solutions. Its products are used to assemble, protect, package and improve the performance of products across a wide range of industries, including construction, transportation, electronics, consumer goods, packaging and hygiene.

The company offers technologies such as hot-melt, water-based, reactive and pressure-sensitive adhesives, as well as sealants, coatings and related materials.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.