Q3 2024 EPS Estimates for H.B. Fuller Lifted by Analyst (NYSE:FUL)

H.B. Fuller (NYSE:FUL - Free Report) - Stock analysts at Seaport Res Ptn increased their Q3 2024 earnings per share (EPS) estimates for shares of H.B. Fuller in a report issued on Tuesday, April 2nd. Seaport Res Ptn analyst M. Harrison now forecasts that the specialty chemicals company will post earnings per share of $1.24 for the quarter, up from their prior forecast of $1.20. The consensus estimate for H.B. Fuller's current full-year earnings is $4.33 per share. Seaport Res Ptn also issued estimates for H.B. Fuller's Q4 2024 earnings at $1.33 EPS, Q2 2025 earnings at $1.27 EPS, Q3 2025 earnings at $1.43 EPS, Q4 2025 earnings at $1.51 EPS and FY2025 earnings at $5.07 EPS.

H.B. Fuller (NYSE:FUL - Get Free Report) last posted its quarterly earnings data on Wednesday, March 27th. The specialty chemicals company reported $0.67 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.03. The company had revenue of $810.42 million during the quarter, compared to analyst estimates of $823.04 million. H.B. Fuller had a return on equity of 12.88% and a net margin of 4.39%. The firm's revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the company earned $0.55 EPS.

FUL has been the subject of a number of other research reports. StockNews.com raised H.B. Fuller from a "hold" rating to a "buy" rating in a report on Thursday, January 18th. Vertical Research began coverage on H.B. Fuller in a report on Tuesday, March 19th. They issued a "buy" rating and a $88.00 target price for the company. Robert W. Baird raised their price target on H.B. Fuller from $80.00 to $90.00 and gave the stock a "neutral" rating in a research note on Monday. Finally, Stifel Nicolaus raised their price target on H.B. Fuller from $110.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, January 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, H.B. Fuller has a consensus rating of "Hold" and a consensus target price of $86.20.

H.B. Fuller Stock Down 2.2 %

Shares of H.B. Fuller stock traded down $1.75 on Thursday, reaching $77.60. The company's stock had a trading volume of 274,031 shares, compared to its average volume of 299,724. The company has a market capitalization of $4.23 billion, a price-to-earnings ratio of 28.92, a P/E/G ratio of 1.25 and a beta of 1.52. The firm's fifty day simple moving average is $78.47 and its two-hundred day simple moving average is $75.69. H.B. Fuller has a 52 week low of $62.57 and a 52 week high of $84.31. The company has a quick ratio of 1.23, a current ratio of 1.99 and a debt-to-equity ratio of 1.03.

Institutional Investors Weigh In On H.B. Fuller

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Neuberger Berman Group LLC raised its holdings in H.B. Fuller by 1.6% during the fourth quarter. Neuberger Berman Group LLC now owns 11,353 shares of the specialty chemicals company's stock valued at $924,000 after acquiring an additional 179 shares during the period. Eagle Bay Advisors LLC bought a new stake in H.B. Fuller during the second quarter valued at about $33,000. Harbor Capital Advisors Inc. raised its holdings in H.B. Fuller by 2.2% during the third quarter. Harbor Capital Advisors Inc. now owns 33,543 shares of the specialty chemicals company's stock valued at $2,301,000 after acquiring an additional 728 shares during the period. Teachers Retirement System of The State of Kentucky raised its holdings in H.B. Fuller by 5.6% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 17,496 shares of the specialty chemicals company's stock valued at $1,251,000 after acquiring an additional 933 shares during the period. Finally, Arlington Trust Co LLC bought a new stake in shares of H.B. Fuller in the fourth quarter worth about $134,000. 95.93% of the stock is owned by institutional investors.

Insider Activity at H.B. Fuller

In related news, VP Heather Campe sold 13,243 shares of H.B. Fuller stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $77.05, for a total transaction of $1,020,373.15. Following the transaction, the vice president now directly owns 20,406 shares in the company, valued at $1,572,282.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Heather Campe sold 13,243 shares of H.B. Fuller stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $77.05, for a total transaction of $1,020,373.15. Following the transaction, the vice president now directly owns 20,406 shares in the company, valued at $1,572,282.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Muhammad Shahbaz Malik sold 14,000 shares of H.B. Fuller stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $76.28, for a total value of $1,067,920.00. Following the transaction, the vice president now owns 9,089 shares in the company, valued at $693,308.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,693 shares of company stock worth $2,353,357. Corporate insiders own 1.96% of the company's stock.

H.B. Fuller Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 21st. Investors of record on Wednesday, February 7th were given a dividend of $0.205 per share. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.82 annualized dividend and a yield of 1.06%. H.B. Fuller's dividend payout ratio (DPR) is presently 29.82%.

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.