H.B. Fuller (NYSE:FUL) Receives $62.50 Average Price Target 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 currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $62.50.

Several brokerages have commented on FUL. Robert W. Baird raised shares of H.B. Fuller from a "neutral" rating to an "outperform" rating and set a $60.00 price objective on the stock in a research report on Thursday, April 17th. JPMorgan Chase & Co. cut their price target on 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. Baird R W raised shares of H.B. Fuller from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 17th. Finally, Seaport Res Ptn downgraded shares of H.B. Fuller from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th.

Insider Transactions at H.B. Fuller

In other news, CEO Celeste Beeks Mastin acquired 3,500 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was bought at an average price of $56.66 per share, with a total value of $198,310.00. Following the completion of the acquisition, the chief executive officer now directly owns 3,500 shares of the company's stock, valued at approximately $198,310. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.99% of the company's stock.

Institutional Trading of H.B. Fuller

Hedge funds and other institutional investors have recently modified their holdings of the company. Jones Financial Companies Lllp grew its holdings in H.B. Fuller by 128.8% during the 4th quarter. Jones Financial Companies Lllp now owns 899 shares of the specialty chemicals company's stock valued at $61,000 after buying an additional 506 shares in the last quarter. Sterling Capital Management LLC grew its stake in shares of H.B. Fuller by 731.1% during the fourth quarter. Sterling Capital Management LLC now owns 1,255 shares of the specialty chemicals company's stock valued at $85,000 after buying an additional 1,104 shares during the last quarter. Strs Ohio purchased a new stake in H.B. Fuller in the first quarter worth $101,000. Quantbot Technologies LP bought a new stake in H.B. Fuller during the 4th quarter valued at about $266,000. Finally, Neuberger Berman Group LLC boosted its holdings in shares of H.B. Fuller by 25.4% in the first quarter. Neuberger Berman Group LLC now owns 6,538 shares of the specialty chemicals company's stock valued at $367,000 after purchasing an additional 1,323 shares during the period. 95.93% of the stock is owned by hedge funds and other institutional investors.

H.B. Fuller Trading Up 0.6%

H.B. Fuller stock traded up $0.31 during trading hours on Monday, hitting $54.47. The stock had a trading volume of 343,860 shares, compared to its average volume of 385,297. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 23.58, a P/E/G ratio of 1.13 and a beta of 1.12. The company has a quick ratio of 1.16, a current ratio of 1.81 and a debt-to-equity ratio of 1.10. H.B. Fuller has a one year low of $47.56 and a one year high of $87.67. The business's 50 day simple moving average is $54.78 and its 200-day simple moving average is $59.52.

H.B. Fuller (NYSE:FUL - Get Free Report) last issued its earnings results on Wednesday, March 26th. The specialty chemicals company reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.49 by $0.05. H.B. Fuller had a return on equity of 12.01% and a net margin of 3.65%. The business had revenue of $788.66 million during the quarter, compared to analyst estimates of $769.55 million. During the same period in the previous year, the company posted $0.67 EPS. The firm's 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 EPS for the current fiscal year.

H.B. Fuller Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Tuesday, April 29th were issued a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 1.73%. This is an increase from H.B. Fuller's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was 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.