H. B. Fuller Company (NYSE:FUL) Given Average Rating of “Hold” by Brokerages

H. B. Fuller Company (NYSE:FUL) has been assigned a consensus rating of “Hold” from the six research firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $67.75.

FUL has been the subject of several research reports. Wall Street Zen downgraded shares of H. B. Fuller from a “buy” rating to a “hold” rating in a research note on Monday, November 24th. Citigroup boosted their target price on H. B. Fuller from $70.00 to $76.00 and gave the stock a “buy” rating in a research note on Friday, January 16th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of H. B. Fuller in a report on Friday, January 16th. Weiss Ratings reissued a “hold (c)” rating on shares of H. B. Fuller in a research report on Monday, December 29th. Finally, UBS Group set a $66.00 target price on shares of H. B. Fuller in a report on Friday, January 16th.

Insider Activity

In related news, VP Nathan D. Weaver sold 7,075 shares of the business’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $58.38, for a total transaction of $413,038.50. Following the completion of the transaction, the vice president owned 9,441 shares in the company, valued at approximately $551,165.58. The trade was a 42.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.99% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FUL. Salomon & Ludwin LLC purchased a new stake in H. B. Fuller during the third quarter worth approximately $28,000. Covestor Ltd raised its holdings in H. B. Fuller by 22,833.3% during the third quarter. Covestor Ltd now owns 688 shares of the specialty chemicals company’s stock worth $41,000 after purchasing an additional 685 shares in the last quarter. TD Waterhouse Canada Inc. purchased a new stake in shares of H. B. Fuller during the 3rd quarter worth approximately $47,000. AdvisorNet Financial Inc boosted its holdings in shares of H. B. Fuller by 160.8% in the 3rd quarter. AdvisorNet Financial Inc now owns 845 shares of the specialty chemicals company’s stock valued at $50,000 after buying an additional 521 shares in the last quarter. Finally, Torren Management LLC purchased a new position in shares of H. B. Fuller in the 4th quarter valued at $52,000. Hedge funds and other institutional investors own 95.93% of the company’s stock.

H. B. Fuller Stock Performance

Shares of FUL stock opened at $61.06 on Tuesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.06 and a current ratio of 1.70. The firm has a market cap of $3.32 billion, a P/E ratio of 20.35, a P/E/G ratio of 0.90 and a beta of 1.10. The firm’s 50 day moving average price is $60.36 and its 200-day moving average price is $59.52. H. B. Fuller has a one year low of $47.56 and a one year high of $67.05.

H. B. Fuller (NYSE:FUL) last released its quarterly earnings results on Thursday, January 15th. The specialty chemicals company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.04. H. B. Fuller had a return on equity of 12.21% and a net margin of 4.38%.The company had revenue of $894.79 million for the quarter, compared to analysts’ expectations of $901.34 million. During the same period in the prior year, the firm earned $0.92 earnings per share. The firm’s revenue was down 3.1% compared to the same quarter last year. As a group, equities research analysts predict that H. B. Fuller will post 4.07 EPS for the current year.

H. B. Fuller Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 19th. Stockholders of record on Thursday, February 5th will be issued a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Thursday, February 5th. H. B. Fuller’s dividend payout ratio (DPR) is presently 31.33%.

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.