H. B. Fuller Company (NYSE:FUL) Receives Consensus Rating of “Hold” from Brokerages

Shares of H. B. Fuller Company (NYSE:FUL) have earned a consensus rating of “Hold” from the six brokerages that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $67.75.

Several brokerages have commented on FUL. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of H. B. Fuller in a research note on Friday, January 16th. UBS Group set a $66.00 price target on H. B. Fuller in a report on Friday, January 16th. Wall Street Zen downgraded shares of H. B. Fuller from a “buy” rating to a “hold” rating in a report on Monday, November 24th. Citigroup increased their price target on shares of H. B. Fuller from $70.00 to $76.00 and gave the company a “buy” rating in a report on Friday, January 16th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of H. B. Fuller in a research note on Monday, December 29th.

H. B. Fuller Stock Down 0.4%

FUL opened at $59.83 on Tuesday. The stock has a market cap of $3.25 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 0.90 and a beta of 1.10. 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’s fifty day moving average is $59.97 and its 200 day moving average is $59.57. H. B. Fuller has a fifty-two week low of $47.56 and a fifty-two week high of $67.05.

H. B. Fuller (NYSE:FUL) last posted its quarterly earnings results on Thursday, January 15th. The specialty chemicals company reported $1.28 EPS for the quarter, beating 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 business had revenue of $894.79 million for the quarter, compared to analysts’ expectations of $901.34 million. During the same period last year, the firm earned $0.92 earnings per share. The business’s quarterly revenue was down 3.1% on a year-over-year basis. On average, sell-side analysts forecast that H. B. Fuller will post 4.07 earnings per share for the current fiscal year.

H. B. Fuller Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 19th. Stockholders of record on Thursday, February 5th will be paid a $0.235 dividend. The ex-dividend date of this dividend is Thursday, February 5th. This represents a $0.94 annualized dividend and a dividend yield of 1.6%. H. B. Fuller’s dividend payout ratio is currently 31.33%.

Insider Activity at H. B. Fuller

In related news, VP Nathan D. Weaver sold 7,075 shares of H. B. Fuller stock in a transaction dated 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 directly owned 9,441 shares of the company’s stock, valued at approximately $551,165.58. The trade was a 42.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.99% of the company’s stock.

Institutional Trading of H. B. Fuller

Institutional investors have recently added to or reduced their stakes in the company. Capital World Investors raised its holdings in shares of H. B. Fuller by 0.5% in the third quarter. Capital World Investors now owns 2,583,213 shares of the specialty chemicals company’s stock worth $153,133,000 after buying an additional 12,720 shares during the period. Cooke & Bieler LP boosted its holdings in H. B. Fuller by 94.9% during the 3rd quarter. Cooke & Bieler LP now owns 1,481,030 shares of the specialty chemicals company’s stock valued at $87,795,000 after acquiring an additional 721,100 shares during the period. Geode Capital Management LLC grew its position in H. B. Fuller by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 1,286,348 shares of the specialty chemicals company’s stock valued at $77,383,000 after acquiring an additional 5,323 shares during the last quarter. Wellington Management Group LLP increased its stake in H. B. Fuller by 3.6% in the 3rd quarter. Wellington Management Group LLP now owns 976,005 shares of the specialty chemicals company’s stock worth $57,858,000 after buying an additional 33,522 shares during the period. Finally, UBS Group AG increased its position in shares of H. B. Fuller by 200.8% during the third quarter. UBS Group AG now owns 820,871 shares of the specialty chemicals company’s stock worth $48,661,000 after acquiring an additional 548,017 shares during the period. Institutional investors own 95.93% of the company’s stock.

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.