Equities Analysts Set Expectations for H. B. Fuller Co.’s Q4 2016 Earnings (FUL)
H. B. Fuller Co. (NYSE:FUL) – Investment analysts at Seaport Global Securities lowered their Q4 2016 earnings per share estimates for shares of H. B. Fuller in a research report issued to clients and investors on Monday. Seaport Global Securities analyst M. Harrison now expects that the brokerage will post earnings of $0.75 per share for the quarter, down from their prior forecast of $0.79. Seaport Global Securities currently has a “Buy” rating and a $51.00 price target on the stock.
Other equities research analysts have also issued research reports about the company. Zacks Investment Research lowered H. B. Fuller from a “buy” rating to a “hold” rating in a research note on Tuesday, June 28th. Citigroup Inc. began coverage on H. B. Fuller in a research note on Thursday. They issued a “buy” rating and a $53.00 target price for the company. Finally, Deutsche Bank AG raised their price objective on H. B. Fuller from $47.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, June 24th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. H. B. Fuller has a consensus rating of “Hold” and a consensus price target of $50.00.
Shares of H. B. Fuller (NYSE:FUL) opened at 46.04 on Wednesday. H. B. Fuller has a 52 week low of $32.49 and a 52 week high of $48.83. The firm has a 50-day moving average price of $46.77 and a 200-day moving average price of $45.18. The stock has a market cap of $2.32 billion, a PE ratio of 21.41 and a beta of 1.75.
H. B. Fuller (NYSE:FUL) last issued its quarterly earnings data on Wednesday, September 21st. The company reported $0.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.67 by $0.03. H. B. Fuller had a net margin of 5.32% and a return on equity of 13.66%. During the same period in the previous year, the firm posted $0.61 earnings per share.
In other H. B. Fuller news, insider James Owens sold 55,048 shares of the stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $46.43, for a total transaction of $2,555,878.64. Following the transaction, the insider now owns 151,293 shares of the company’s stock, valued at approximately $7,024,533.99. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Timothy J. Keenan sold 8,037 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $46.03, for a total value of $369,943.11. Following the transaction, the vice president now directly owns 22,142 shares in the company, valued at approximately $1,019,196.26. The disclosure for this sale can be found here. Company insiders own 3.55% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new position in H. B. Fuller during the fourth quarter worth approximately $15,710,000. Goldman Sachs Group Inc. increased its position in H. B. Fuller by 268.6% in the first quarter. Goldman Sachs Group Inc. now owns 414,955 shares of the company’s stock worth $17,615,000 after buying an additional 302,369 shares in the last quarter. Vanguard Group Inc. increased its position in H. B. Fuller by 3.4% in the second quarter. Vanguard Group Inc. now owns 4,400,040 shares of the company’s stock worth $193,558,000 after buying an additional 145,591 shares in the last quarter. Dimensional Fund Advisors LP increased its position in H. B. Fuller by 8.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,790,936 shares of the company’s stock worth $78,781,000 after buying an additional 144,249 shares in the last quarter. Finally, BlackRock Fund Advisors increased its position in H. B. Fuller by 3.4% in the second quarter. BlackRock Fund Advisors now owns 3,331,107 shares of the company’s stock worth $146,535,000 after buying an additional 109,588 shares in the last quarter. 89.00% of the stock is currently owned by institutional investors.
About H. B. Fuller
H.B. Fuller Company is a formulator, manufacturer and marketer of adhesives, sealants and other specialty chemical products. The Company’s segments include Americas Adhesives; Europe, India, Middle East and Africa (EIMEA); Asia Pacific, and Construction Products. The Americas Adhesives segment includes a range of specialty adhesives, such as thermoplastic, thermoset, reactive, and water-based and solvent-based products.
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