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

Shares of H. B. Fuller Company (NYSE:FUL) have been given a consensus rating of “Moderate Buy” by the seven research firms that are presently covering the firm, Marketbeat reports. Three 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 12-month price objective among brokers that have issued ratings on the stock in the last year is $63.80.

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of H. B. Fuller from an “underweight” rating to a “neutral” rating and set a $58.00 price target on the stock in a report on Wednesday, May 27th. Royal Bank Of Canada set a $58.00 price objective on shares of H. B. Fuller in a research note on Wednesday, May 27th. Wall Street Zen raised shares of H. B. Fuller from a “hold” rating to a “buy” rating in a research note on Sunday, March 29th. Citigroup raised their price objective on shares of H. B. Fuller from $67.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, March 30th. Finally, UBS Group set a $58.00 price objective on shares of H. B. Fuller in a research note on Wednesday, May 27th.

Insider Activity at H. B. Fuller

In other news, CEO Celeste Beeks Mastin acquired 5,170 shares of the company’s stock in a transaction dated Tuesday, April 7th. The shares were acquired at an average price of $57.08 per share, with a total value of $295,103.60. Following the purchase, the chief executive officer directly owned 8,670 shares of the company’s stock, valued at $494,883.60. This trade represents a 147.71% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.83% of the stock is owned by insiders.

Institutional Trading of H. B. Fuller

Several institutional investors have recently modified their holdings of the stock. Allworth Financial LP increased its stake in shares of H. B. Fuller by 50.1% during the fourth quarter. Allworth Financial LP now owns 578 shares of the specialty chemicals company’s stock worth $34,000 after purchasing an additional 193 shares in the last quarter. Hantz Financial Services Inc. increased its stake in shares of H. B. Fuller by 432.9% during the fourth quarter. Hantz Financial Services Inc. now owns 778 shares of the specialty chemicals company’s stock worth $46,000 after purchasing an additional 632 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of H. B. Fuller during the fourth quarter worth about $46,000. TD Waterhouse Canada Inc. purchased a new stake in shares of H. B. Fuller during the third quarter worth about $47,000. Finally, Torren Management LLC purchased a new stake in shares of H. B. Fuller during the fourth quarter worth about $52,000. Institutional investors and hedge funds own 95.93% of the company’s stock.

H. B. Fuller Price Performance

Shares of NYSE:FUL opened at $59.82 on Monday. H. B. Fuller has a twelve month low of $48.71 and a twelve month high of $68.63. The company’s 50 day moving average is $60.94 and its 200 day moving average is $60.72. The company has a current ratio of 1.92, a quick ratio of 1.15 and a debt-to-equity ratio of 1.01. The company has a market cap of $3.26 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 0.79 and a beta of 0.96.

H. B. Fuller (NYSE:FUL) last issued its quarterly earnings results on Thursday, March 26th. The specialty chemicals company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.01. H. B. Fuller had a net margin of 4.62% and a return on equity of 11.84%. The company had revenue of $770.84 million for the quarter, compared to the consensus estimate of $787.77 million. During the same quarter in the prior year, the company earned $0.54 EPS. H. B. Fuller’s quarterly revenue was down 2.3% on a year-over-year basis. On average, sell-side analysts forecast that H. B. Fuller will post 4.77 EPS for the current year.

H. B. Fuller Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, April 30th were paid a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Thursday, April 30th. This is a positive change from H. B. Fuller’s previous quarterly dividend of $0.24. H. B. Fuller’s dividend payout ratio is 32.34%.

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.