H. B. Fuller Company (NYSE:FUL) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• H. B. Fuller Company is currently rated as a "Moderate Buy" by analysts, with an average 12-month target price of $65.75.
• Recent brokerage updates include Robert W. Baird increasing the target price to $75.00 and Citigroup lowering it to $62.00, showcasing varied analyst perspectives on the stock.
• The company recently declared a quarterly dividend of $0.235, reflecting a dividend yield of 1.6% and a payout ratio of 50.81%.

Shares of H. B. Fuller Company (NYSE:FUL - Get Free Report) have been given a consensus rating of "Moderate Buy" by the eight analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, two have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $65.75.

Several brokerages have commented on FUL. Robert W. Baird raised their target price on shares of H. B. Fuller from $60.00 to $75.00 and gave the stock an "outperform" rating in a report on Friday, June 27th. Weiss Ratings reiterated a "hold (c)" rating on shares of H. B. Fuller in a report on Tuesday, October 14th. Citigroup lowered their price objective on shares of H. B. Fuller from $70.00 to $62.00 and set a "neutral" rating on the stock in a report on Friday, September 26th. JPMorgan Chase & Co. lifted their price objective on shares of H. B. Fuller from $50.00 to $54.00 and gave the company an "underweight" rating in a report on Friday, June 27th. Finally, Seaport Res Ptn upgraded shares of H. B. Fuller from a "hold" rating to a "strong-buy" rating in a report on Friday, September 26th.

H. B. Fuller Stock Performance

Shares of FUL stock opened at $58.83 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.18 and a current ratio of 1.93. The company has a market capitalization of $3.18 billion, a P/E ratio of 31.80, a price-to-earnings-growth ratio of 1.06 and a beta of 1.12. The company's 50 day moving average price is $59.96 and its two-hundred day moving average price is $57.66. H. B. Fuller has a 52 week low of $47.56 and a 52 week high of $80.21.

H. B. Fuller (NYSE:FUL - Get Free Report) last announced its earnings results on Wednesday, April 13th. The specialty chemicals company reported $0.66 EPS for the quarter. The firm had revenue of $725.90 million for the quarter. H. B. Fuller had a net margin of 3.28% and a return on equity of 11.49%. H. B. Fuller has set its FY 2022 guidance at $4.100-$4.350 EPS. On average, analysts expect that H. B. Fuller will post 4.07 earnings per share for the current fiscal year.

H. B. Fuller Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Thursday, October 16th will be issued a $0.235 dividend. The ex-dividend date is Thursday, October 16th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.6%. H. B. Fuller's dividend payout ratio (DPR) is 50.81%.

Insider Activity

In other news, VP Joao Magalhaes sold 1,099 shares of H. B. Fuller stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $56.31, for a total value of $61,884.69. Following the sale, the vice president directly owned 3,285 shares in the company, valued at $184,978.35. This trade represents a 25.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.99% of the stock is owned by company insiders.

Hedge Funds Weigh In On H. B. Fuller

Institutional investors have recently added to or reduced their stakes in the company. Partners Capital Investment Group LLP increased its holdings in H. B. Fuller by 90.3% during the first quarter. Partners Capital Investment Group LLP now owns 64,901 shares of the specialty chemicals company's stock worth $3,642,000 after buying an additional 30,805 shares during the last quarter. Entropy Technologies LP acquired a new position in H. B. Fuller during the first quarter worth $581,000. Neo Ivy Capital Management acquired a new position in H. B. Fuller during the first quarter worth $990,000. Quantbot Technologies LP increased its holdings in H. B. Fuller by 612.4% during the first quarter. Quantbot Technologies LP now owns 28,083 shares of the specialty chemicals company's stock worth $1,576,000 after buying an additional 24,141 shares during the last quarter. Finally, Wesbanco Bank Inc. increased its holdings in H. B. Fuller by 86.1% during the second quarter. Wesbanco Bank Inc. now owns 25,500 shares of the specialty chemicals company's stock worth $1,534,000 after buying an additional 11,800 shares during the last quarter. 95.93% of the stock is currently owned by institutional investors and hedge funds.

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.

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