H.B. Fuller (NYSE:FUL) Receives $62.50 Consensus Target Price from Brokerages

Shares of H.B. Fuller (NYSE:FUL - Get Free Report) have earned a consensus rating of "Hold" from the seven ratings firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $62.50.

A number of equities research analysts have issued reports on the company. Baird R W upgraded H.B. Fuller from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 17th. Vertical Research lowered shares of H.B. Fuller from a "buy" rating to a "hold" rating in a research note on Monday, January 6th. Seaport Res Ptn downgraded shares of H.B. Fuller from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Robert W. Baird upgraded shares of H.B. Fuller from a "neutral" rating to an "outperform" rating and set a $60.00 price target on the stock in a report on Thursday, April 17th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of H.B. Fuller from $60.00 to $50.00 and set an "underweight" rating for the company in a research note on Friday, March 28th.

Insider Transactions at H.B. Fuller

In other news, CEO Celeste Beeks Mastin purchased 3,500 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were purchased at an average price of $56.66 per share, for a total transaction of $198,310.00. Following the completion of the purchase, the chief executive officer now owns 3,500 shares in the company, valued at approximately $198,310. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.99% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp boosted its stake in shares of H.B. Fuller by 128.8% during the fourth quarter. Jones Financial Companies Lllp now owns 899 shares of the specialty chemicals company's stock valued at $61,000 after purchasing an additional 506 shares in the last quarter. Sterling Capital Management LLC boosted its position in H.B. Fuller by 731.1% during the 4th quarter. Sterling Capital Management LLC now owns 1,255 shares of the specialty chemicals company's stock valued at $85,000 after acquiring an additional 1,104 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of H.B. Fuller in the 4th quarter worth $266,000. New Age Alpha Advisors LLC purchased a new stake in shares of H.B. Fuller during the 4th quarter worth $465,000. Finally, KLP Kapitalforvaltning AS bought a new stake in H.B. Fuller during the fourth quarter valued at about $783,000. Hedge funds and other institutional investors own 95.93% of the company's stock.

H.B. Fuller Price Performance

Shares of FUL traded down $0.16 during mid-day trading on Friday, hitting $53.88. 324,195 shares of the stock were exchanged, compared to its average volume of 378,973. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.16 and a current ratio of 1.81. The company has a market cap of $2.92 billion, a PE ratio of 23.33, a price-to-earnings-growth ratio of 1.13 and a beta of 1.27. H.B. Fuller has a 52-week low of $47.56 and a 52-week high of $87.67. The firm has a 50-day moving average of $54.42 and a two-hundred day moving average of $64.15.

H.B. Fuller (NYSE:FUL - Get Free Report) last released its quarterly earnings data on Wednesday, March 26th. The specialty chemicals company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.49 by $0.05. H.B. Fuller had a net margin of 3.65% and a return on equity of 12.01%. The business had revenue of $788.66 million during the quarter, compared to analyst estimates of $769.55 million. During the same quarter last year, the business earned $0.67 earnings per share. H.B. Fuller's quarterly revenue was down 2.7% compared to the same quarter last year. On average, equities analysts predict that H.B. Fuller will post 4.07 earnings per share for the current year.

H.B. Fuller Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Tuesday, April 29th will be given a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 1.74%. This is a boost from H.B. Fuller's previous quarterly dividend of $0.22. The ex-dividend date is Tuesday, April 29th. H.B. Fuller's payout ratio is 47.00%.

About H.B. Fuller

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.