Q2 2024 EPS Estimates for H.B. Fuller Lowered by Analyst (NYSE:FUL)

H.B. Fuller (NYSE:FUL - Free Report) - Investment analysts at Seaport Res Ptn decreased their Q2 2024 earnings per share (EPS) estimates for shares of H.B. Fuller in a research report issued on Tuesday, April 2nd. Seaport Res Ptn analyst M. Harrison now anticipates that the specialty chemicals company will post earnings of $1.02 per share for the quarter, down from their prior forecast of $1.17. 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 FY2024 earnings at $4.25 EPS.

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

Several other brokerages have also recently weighed in on FUL. Vertical Research assumed coverage on H.B. Fuller in a research note on Tuesday, March 19th. They issued a "buy" rating and a $88.00 price target on the stock. Robert W. Baird boosted their target price on H.B. Fuller from $80.00 to $90.00 and gave the stock a "neutral" rating in a report on Monday. Stifel Nicolaus boosted their target price on H.B. Fuller from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, January 19th. Finally, StockNews.com raised H.B. Fuller from a "hold" rating to a "buy" rating in a report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, H.B. Fuller has an average rating of "Hold" and an average price target of $86.20.

H.B. Fuller Trading Up 0.1 %

Shares of FUL traded up $0.08 during mid-day trading on Friday, hitting $77.73. 280,532 shares of the company's stock traded hands, compared to its average volume of 298,890. The firm has a market capitalization of $4.24 billion, a P/E ratio of 28.27, a PEG ratio of 1.26 and a beta of 1.52. The business's 50-day moving average price is $78.46 and its 200-day moving average price is $75.76. H.B. Fuller has a 1 year low of $62.57 and a 1 year 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.

H.B. Fuller Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 21st. Stockholders of record on Wednesday, February 7th were issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date was Tuesday, February 6th. H.B. Fuller's payout ratio is currently 29.82%.

Insider Activity

In related news, VP Heather Campe sold 13,243 shares of the company's 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 completion of the sale, the vice president now owns 20,406 shares in the company, valued at $1,572,282.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other H.B. Fuller news, VP Heather Campe sold 13,243 shares of the stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $77.05, for a total value 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Muhammad Shahbaz Malik sold 14,000 shares of the business's stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $76.28, for a total transaction of $1,067,920.00. Following the sale, the vice president now directly owns 9,089 shares of the company's stock, valued at approximately $693,308.92. The disclosure for this sale can be found here. Insiders have sold a total of 30,693 shares of company stock valued at $2,353,357 over the last ninety days. 1.96% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FUL. Public Employees Retirement Association of Colorado increased its stake in H.B. Fuller by 2,588.7% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 335,119 shares of the specialty chemicals company's stock worth $27,282,000 after buying an additional 322,655 shares in the last quarter. Luminus Management LLC increased its stake in H.B. Fuller by 123.9% in the 3rd quarter. Luminus Management LLC now owns 410,351 shares of the specialty chemicals company's stock worth $28,154,000 after buying an additional 227,055 shares in the last quarter. Ameriprise Financial Inc. increased its stake in H.B. Fuller by 25.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 425,162 shares of the specialty chemicals company's stock worth $29,170,000 after buying an additional 85,716 shares in the last quarter. Partners Capital Investment Group LLP purchased a new stake in H.B. Fuller in the 4th quarter worth $5,598,000. Finally, Tudor Investment Corp Et Al increased its stake in H.B. Fuller by 150.7% in the 2nd quarter. Tudor Investment Corp Et Al now owns 105,666 shares of the specialty chemicals company's stock worth $7,556,000 after buying an additional 63,524 shares in the last quarter. 95.93% of the stock is owned by hedge funds and other institutional investors.

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.