H. B. Fuller Co. (FUL) to Post FY2016 Earnings of $2.45 Per Share, KeyCorp Forecasts
H. B. Fuller Co. (NYSE:FUL) – Stock analysts at KeyCorp reduced their FY2016 EPS estimates for shares of H. B. Fuller in a research note issued to investors on Wednesday. KeyCorp analyst M. Sison now forecasts that the firm will post earnings of $2.45 per share for the year, down from their previous forecast of $2.50. KeyCorp also issued estimates for H. B. Fuller’s Q4 2016 earnings at $0.72 EPS and FY2017 earnings at $2.65 EPS.
Several other analysts have also recently weighed in on FUL. Deutsche Bank AG boosted their price objective on shares of H. B. Fuller from $47.00 to $50.00 and gave the stock a “hold” rating in a research note on Friday, June 24th. Seaport Global Securities raised shares of H. B. Fuller from an “accumulate” rating to a “buy” rating and boosted their price objective for the stock from $50.00 to $51.00 in a research note on Monday, September 26th. Zacks Investment Research cut shares of H. B. Fuller from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Citigroup Inc. began coverage on shares of H. B. Fuller in a research note on Thursday. They issued a “buy” rating and a $53.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $50.00.
Shares of H. B. Fuller (NYSE:FUL) opened at 46.47 on Friday. The firm has a market cap of $2.34 billion, a P/E ratio of 21.61 and a beta of 1.75. The company has a 50 day moving average price of $46.77 and a 200-day moving average price of $45.23. H. B. Fuller has a 52-week low of $32.49 and a 52-week high of $48.83.
H. B. Fuller (NYSE:FUL) last released its earnings results on Wednesday, September 21st. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 last year, the company posted $0.61 earnings per share.
Several institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted 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 during the period. Vanguard Group Inc. boosted 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 during the period. Dimensional Fund Advisors LP boosted 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 during the period. BlackRock Fund Advisors boosted 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 during the period. Finally, Adage Capital Partners GP L.L.C. bought a new position in H. B. Fuller during the second quarter worth about $4,399,000. 89.00% of the stock is currently owned by institutional investors.
In other news, insider James Owens sold 55,048 shares of the stock in a transaction dated Friday, July 29th. The shares were 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Timothy J. Keenan sold 8,037 shares of the stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $46.03, for a total transaction 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.
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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