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

Shares of H. B. Fuller Company (NYSE:FUL) have been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $67.8571.

Several research analysts have weighed in on FUL shares. Weiss Ratings reiterated a “hold (c)” rating on shares of H. B. Fuller in a report on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft increased their price target on H. B. Fuller from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. Royal Bank Of Canada set a $58.00 price target on H. B. Fuller in a research report on Wednesday, May 27th. Raymond James Financial set a $67.00 price objective on H. B. Fuller in a report on Friday, June 26th. Finally, Vertical Research upgraded H. B. Fuller from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 27th.

Institutional Investors Weigh In On H. B. Fuller

Several large investors have recently made changes to their positions in FUL. Bleakley Financial Group LLC lifted its stake in shares of H. B. Fuller by 1.5% during the 4th quarter. Bleakley Financial Group LLC now owns 11,687 shares of the specialty chemicals company’s stock worth $695,000 after buying an additional 168 shares during the last quarter. California State Teachers Retirement System grew its stake in H. B. Fuller by 0.3% in the 2nd quarter. California State Teachers Retirement System now owns 50,486 shares of the specialty chemicals company’s stock valued at $3,037,000 after buying an additional 173 shares during the last quarter. Glenmede Investment Management LP raised its holdings in H. B. Fuller by 3.9% in the 3rd quarter. Glenmede Investment Management LP now owns 4,809 shares of the specialty chemicals company’s stock valued at $285,000 after acquiring an additional 179 shares during the period. CIBC Asset Management Inc raised its holdings in H. B. Fuller by 3.6% in the 4th quarter. CIBC Asset Management Inc now owns 5,273 shares of the specialty chemicals company’s stock valued at $314,000 after acquiring an additional 185 shares during the period. Finally, Allworth Financial LP raised its holdings in H. B. Fuller by 50.1% in the 4th quarter. Allworth Financial LP now owns 578 shares of the specialty chemicals company’s stock valued at $34,000 after acquiring an additional 193 shares during the period. Institutional investors own 95.93% of the company’s stock.

H. B. Fuller Stock Down 2.8%

Shares of NYSE:FUL opened at $55.38 on Tuesday. The company has a 50 day moving average price of $60.06 and a two-hundred day moving average price of $60.97. 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 company has a market capitalization of $2.98 billion, a PE ratio of 16.99, a PEG ratio of 0.62 and a beta of 0.98. 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 quarterly earnings results on Thursday, June 25th. The specialty chemicals company reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. H. B. Fuller had a net margin of 5.29% and a return on equity of 12.18%. The company had revenue of $950.27 million for the quarter, compared to analysts’ expectations of $924.83 million. During the same period last year, the firm posted $1.18 earnings per share. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. Analysts forecast that H. B. Fuller will post 4.87 earnings per share for the current year.

H. B. Fuller Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th will be paid a $0.245 dividend. The ex-dividend date of this dividend is Thursday, July 30th. This represents a $0.98 dividend on an annualized basis and a yield of 1.8%. H. B. Fuller’s payout ratio is presently 30.06%.

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.