H. B. Fuller (NYSE:FUL) Downgraded to “Buy” Rating by Wall Street Zen

Wall Street Zen downgraded shares of H. B. Fuller (NYSE:FUL) from a strong-buy rating to a buy rating in a report issued on Saturday morning.

A number of other brokerages have also commented on FUL. Royal Bank Of Canada set a $58.00 price objective on shares of H. B. Fuller in a report on Wednesday, May 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of H. B. Fuller in a research note on Tuesday, June 30th. Citigroup upped their target price on shares of H. B. Fuller from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. Vertical Research raised shares of H. B. Fuller from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 27th. Finally, JPMorgan Chase & Co. raised shares of H. B. Fuller from a “neutral” rating to an “overweight” rating and raised their price target for the company from $58.00 to $67.00 in a report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $67.86.

H. B. Fuller Price Performance

H. B. Fuller stock opened at $55.56 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.12 and a current ratio of 1.80. The firm has a market cap of $2.99 billion, a P/E ratio of 17.04, a P/E/G ratio of 0.60 and a beta of 0.98. The business’s fifty day moving average is $59.77 and its two-hundred day moving average is $60.85. H. B. Fuller has a 52 week low of $48.71 and a 52 week high of $68.63.

H. B. Fuller (NYSE:FUL) last announced its earnings results on Thursday, June 25th. The specialty chemicals company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.37 by $0.04. H. B. Fuller had a return on equity of 12.18% and a net margin of 5.29%.The company had revenue of $950.27 million for the quarter, compared to analysts’ expectations of $924.83 million. During the same quarter in the prior year, the business earned $1.18 earnings per share. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. Equities research analysts forecast that H. B. Fuller will post 4.87 earnings per share for the current fiscal year.

H. B. Fuller Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Thursday, July 30th will be issued a $0.245 dividend. The ex-dividend date is Thursday, July 30th. This represents a $0.98 annualized dividend and a yield of 1.8%. H. B. Fuller’s dividend payout ratio (DPR) is currently 30.06%.

Institutional Trading of H. B. Fuller

Several institutional investors and hedge funds have recently added to or reduced their stakes in FUL. Jefferies Financial Group Inc. bought a new position in shares of H. B. Fuller in the 4th quarter valued at about $2,644,000. Congruence Capital LLC bought a new stake in shares of H. B. Fuller during the fourth quarter worth approximately $10,048,000. Norges Bank bought a new stake in shares of H. B. Fuller during the fourth quarter worth approximately $44,203,000. Kennedy Capital Management LLC lifted its holdings in H. B. Fuller by 43.4% in the fourth quarter. Kennedy Capital Management LLC now owns 630,194 shares of the specialty chemicals company’s stock valued at $37,471,000 after buying an additional 190,750 shares during the period. Finally, Eurizon Capital SGR S.p.A. acquired a new position in H. B. Fuller in the fourth quarter valued at approximately $2,283,000. 95.93% of the stock is owned by institutional investors.

About H. B. Fuller

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.