H.B. Fuller (NYSE:FUL) Issues FY 2024 Earnings Guidance

H.B. Fuller (NYSE:FUL) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 4.150-4.450 for the period, compared to the consensus EPS estimate of 4.310. The company issued revenue guidance of $3.6 billion-$3.7 billion, compared to the consensus revenue estimate of $3.6 billion. H.B. Fuller also updated its FY24 guidance to $4.15-4.45 EPS.

H.B. Fuller Stock Up 2.8 %

NYSE FUL opened at $82.60 on Thursday. The company has a quick ratio of 1.26, a current ratio of 1.89 and a debt-to-equity ratio of 1.05. The company has a fifty day moving average of $78.28 and a two-hundred day moving average of $75.30. The firm has a market capitalization of $4.48 billion, a price-to-earnings ratio of 31.89, a PEG ratio of 1.27 and a beta of 1.52. H.B. Fuller has a 52 week low of $62.57 and a 52 week high of $83.64.

H.B. Fuller (NYSE:FUL) last posted its quarterly earnings data on Wednesday, March 27th. The specialty chemicals company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.64 by $0.03. The company had revenue of $810.42 million during the quarter, compared to analyst estimates of $823.04 million. H.B. Fuller had a net margin of 4.13% and a return on equity of 12.73%. H.B. Fuller’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.55 earnings per share. On average, analysts predict that H.B. Fuller will post 4.35 earnings per share for the current year.

H.B. Fuller Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 21st. Stockholders of record on Wednesday, February 7th were paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Tuesday, February 6th. H.B. Fuller’s dividend payout ratio is currently 31.66%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FUL. Vertical Research initiated coverage on shares of H.B. Fuller in a research note on Tuesday, March 19th. They set a buy rating and a $88.00 target price for the company. Stifel Nicolaus lifted their price objective on H.B. Fuller from $110.00 to $115.00 and gave the company a buy rating in a report on Friday, January 19th. StockNews.com upgraded shares of H.B. Fuller from a hold rating to a buy rating in a report on Thursday, January 18th. Finally, Robert W. Baird restated a neutral rating and set a $80.00 price objective on shares of H.B. Fuller in a report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Hold and an average target price of $84.20.

Insiders Place Their Bets

In other H.B. Fuller news, VP Heather Campe sold 13,243 shares of the firm’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $77.05, for a total value of $1,020,373.15. Following the completion of the sale, the vice president now directly owns 20,406 shares of the company’s stock, valued at approximately $1,572,282.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other H.B. Fuller news, VP Muhammad Shahbaz Malik sold 14,000 shares of H.B. Fuller stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $76.28, for a total value of $1,067,920.00. Following the completion of the transaction, the vice president now directly owns 9,089 shares of the company’s stock, valued at approximately $693,308.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Heather Campe sold 13,243 shares of the business’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $77.05, for a total value of $1,020,373.15. Following the transaction, the vice president now directly owns 20,406 shares of the company’s stock, valued at $1,572,282.30. The disclosure for this sale can be found here. Insiders sold 30,693 shares of company stock valued at $2,353,357 in the last three months. 1.96% of the stock is currently owned by insiders.

Hedge Funds Weigh In On H.B. Fuller

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC grew its position in shares of H.B. Fuller by 5.8% during the first quarter. Geode Capital Management LLC now owns 999,922 shares of the specialty chemicals company’s stock worth $68,445,000 after buying an additional 55,005 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of H.B. Fuller by 25.3% during the third quarter. Ameriprise Financial Inc. now owns 425,162 shares of the specialty chemicals company’s stock worth $29,170,000 after buying an additional 85,716 shares in the last quarter. Kennedy Capital Management LLC grew its position in shares of H.B. Fuller by 14.5% during the second quarter. Kennedy Capital Management LLC now owns 68,945 shares of the specialty chemicals company’s stock worth $4,930,000 after buying an additional 8,707 shares in the last quarter. UBS Asset Management Americas Inc. grew its position in shares of H.B. Fuller by 4.9% during the second quarter. UBS Asset Management Americas Inc. now owns 66,538 shares of the specialty chemicals company’s stock worth $4,006,000 after buying an additional 3,081 shares in the last quarter. Finally, Credit Suisse AG grew its position in shares of H.B. Fuller by 31.1% during the fourth quarter. Credit Suisse AG now owns 59,899 shares of the specialty chemicals company’s stock worth $4,290,000 after buying an additional 14,205 shares in the last quarter. 95.93% of the stock is owned by institutional investors and hedge funds.

H.B. Fuller Company Profile

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products in North America, Europe, Latin America, Asia Pacific, India, the Middle East, Africa, and internationally.