HB Fuller Co (FUL) Receives “Hold” Rating from KeyCorp
Several other research analysts also recently commented on FUL. Zacks Investment Research raised shares of HB Fuller from a sell rating to a hold rating in a research note on Thursday. BidaskClub downgraded shares of HB Fuller from a hold rating to a sell rating in a research note on Saturday, August 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. HB Fuller has an average rating of Hold and a consensus price target of $52.40.
Shares of HB Fuller (NYSE FUL) opened at 50.95 on Thursday. The company has a market cap of $2.57 billion, a PE ratio of 23.29 and a beta of 1.68. The firm’s 50-day moving average is $50.98 and its 200-day moving average is $51.06. HB Fuller has a 12 month low of $41.52 and a 12 month high of $54.32.
HB Fuller (NYSE:FUL) last posted its quarterly earnings results on Wednesday, June 28th. The specialty chemicals company reported $0.62 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by $0.05. The company had revenue of $561.65 million during the quarter. HB Fuller had a return on equity of 10.69% and a net margin of 4.25%. During the same quarter in the previous year, the company earned $0.67 earnings per share. On average, equities research analysts predict that HB Fuller will post $2.60 earnings per share for the current year.
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The firm also recently announced a quarterly dividend, which was paid on Thursday, August 10th. Shareholders of record on Thursday, July 27th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Tuesday, July 25th. HB Fuller’s payout ratio is 27.40%.
In other HB Fuller news, VP Dietrich J. Crail bought 970 shares of the company’s stock in a transaction on Wednesday, July 12th. The shares were bought at an average cost of $51.41 per share, for a total transaction of $49,867.70. Following the acquisition, the vice president now directly owns 970 shares in the company, valued at $49,867.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.10% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Riverhead Capital Management LLC boosted its stake in HB Fuller by 42.6% in the second quarter. Riverhead Capital Management LLC now owns 1,996 shares of the specialty chemicals company’s stock worth $102,000 after buying an additional 596 shares in the last quarter. Tyers Asset Management LLC boosted its stake in HB Fuller by 6.6% in the first quarter. Tyers Asset Management LLC now owns 2,064 shares of the specialty chemicals company’s stock worth $106,000 after buying an additional 128 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in HB Fuller by 11.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,154 shares of the specialty chemicals company’s stock worth $110,000 after buying an additional 218 shares in the last quarter. Point72 Asia Hong Kong Ltd purchased a new stake in HB Fuller during the first quarter worth $117,000. Finally, Elkfork Partners LLC boosted its stake in HB Fuller by 6.6% in the first quarter. Elkfork Partners LLC now owns 2,838 shares of the specialty chemicals company’s stock worth $146,000 after buying an additional 176 shares in the last quarter. Institutional investors own 93.70% of the company’s stock.
HB Fuller Company Profile
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, Construction Products and Engineering Adhesives. The Americas Adhesives, EIMEA and Asia Pacific operating segments produce and supply industrial adhesives products for applications in various markets, including durable assembly, nonwoven and hygiene, and textile.
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