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

Key Points

• Analysts give H. B. Fuller a “Moderate Buy” consensus, with three buy ratings, one strong buy and two holds. The average 12-month price target is approximately $67.86, versus a share price of $62.70.
• The specialty chemicals company beat quarterly expectations, reporting $1.41 EPS on $950.27 million in revenue, with revenue up 5.8% year over year.
• H. B. Fuller announced a quarterly dividend of $0.245 per share, equal to an annualized $0.98 payout and a 1.6% yield; institutional investors own approximately 95.93% of the stock.

Shares of H. B. Fuller Company (NYSE:FUL - Get Free Report) have received an average rating of "Moderate Buy" from the six research firms that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $67.8571.

A number of analysts recently commented on FUL shares. JPMorgan Chase & Co. upgraded H. B. Fuller from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $58.00 to $67.00 in a research report on Friday, June 26th. The Goldman Sachs Group set a $67.00 target price on H. B. Fuller in a research report on Friday, June 26th. Deutsche Bank Aktiengesellschaft boosted their price target on H. B. Fuller from $70.00 to $72.00 and gave the company a "buy" rating in a research note on Tuesday, June 30th. Royal Bank Of Canada set a $58.00 price target on shares of H. B. Fuller in a research report on Wednesday, May 27th. Finally, UBS Group set a $69.00 price objective on shares of H. B. Fuller in a research note on Friday, June 26th.

H. B. Fuller Trading Up 4.2%

Shares of FUL stock opened at $62.70 on Friday. The company has a current ratio of 1.80, a quick ratio of 1.12 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 stock has a market capitalization of $3.37 billion, a P/E ratio of 19.23, a P/E/G ratio of 0.65 and a beta of 0.98. The firm's 50 day moving average is $59.36 and its 200 day moving average is $60.50.

H. B. Fuller (NYSE:FUL - Get Free Report) last announced its earnings results on Thursday, June 25th. The specialty chemicals company reported $1.41 earnings per share for the quarter, beating analysts' consensus estimates of $1.37 by $0.04. The business had revenue of $950.27 million during the quarter, compared to analyst estimates of $924.83 million. H. B. Fuller had a net margin of 5.29% and a return on equity of 12.18%. The company's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.18 EPS. Research analysts expect that H. B. Fuller will post 4.87 earnings per share for the current year.

H. B. Fuller Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th were issued a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Thursday, July 30th. H. B. Fuller's dividend payout ratio is currently 30.06%.

Insiders Place Their Bets

In other news, VP Nathan D. Weaver sold 9,561 shares of H. B. Fuller stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $62.06, for a total transaction of $593,355.66. Following the transaction, the vice president owned 11,739 shares in the company, valued at $728,522.34. This trade represents a 44.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.83% of the company's stock.

Institutional Investors Weigh In On H. B. Fuller

Several hedge funds and other institutional investors have recently modified their holdings of FUL. Allworth Financial LP lifted its position in H. B. Fuller by 50.1% during the fourth quarter. Allworth Financial LP now owns 578 shares of the specialty chemicals company's stock valued at $34,000 after purchasing an additional 193 shares in the last quarter. Hantz Financial Services Inc. raised its stake in shares of H. B. Fuller by 432.9% in the fourth quarter. Hantz Financial Services Inc. now owns 778 shares of the specialty chemicals company's stock worth $46,000 after buying an additional 632 shares during the period. Aster Capital Management DIFC Ltd bought a new position in shares of H. B. Fuller in the fourth quarter worth about $46,000. Torren Management LLC purchased a new position in shares of H. B. Fuller during the 4th quarter valued at about $52,000. Finally, Brown Brothers Harriman & Co. purchased a new position in shares of H. B. Fuller during the 3rd quarter valued at about $56,000. 95.93% of the stock is currently owned by hedge funds and other institutional investors.

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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