H. B. Fuller (NYSE:FUL) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

H. B. Fuller (NYSE:FUL) issued its quarterly earnings data on Wednesday. The specialty chemicals company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.56 by $0.01, Briefing.com reports. H. B. Fuller had a return on equity of 12.21% and a net margin of 4.38%.The business’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 earnings per share.

H. B. Fuller Stock Performance

FUL stock traded up $3.50 during trading on Wednesday, hitting $56.73. 1,167,948 shares of the company traded hands, compared to its average volume of 523,390. The stock’s 50-day simple moving average is $61.36 and its 200 day simple moving average is $60.15. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.70 and a quick ratio of 1.06. The company has a market cap of $3.09 billion, a PE ratio of 18.91, a P/E/G ratio of 0.78 and a beta of 1.07. H. B. Fuller has a 1 year low of $47.56 and a 1 year high of $68.63.

H. B. Fuller Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Thursday, February 5th were issued a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Thursday, February 5th. H. B. Fuller’s dividend payout ratio (DPR) is 31.33%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FUL. Weiss Ratings reaffirmed a “hold (c)” rating on shares of H. B. Fuller in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of H. B. Fuller in a report on Friday, January 16th. Wall Street Zen downgraded shares of H. B. Fuller from a “buy” rating to a “hold” rating in a report on Saturday. UBS Group set a $66.00 price objective on shares of H. B. Fuller in a research report on Friday, January 16th. Finally, Citigroup lowered their target price on shares of H. B. Fuller from $76.00 to $67.00 and set a “buy” rating for the company in a research note on Thursday, March 19th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, H. B. Fuller presently has a consensus rating of “Hold” and an average target price of $65.50.

Institutional Investors Weigh In On H. B. Fuller

Several hedge funds have recently bought and sold shares of the stock. Strs Ohio purchased a new position in H. B. Fuller during the first quarter valued at $101,000. EverSource Wealth Advisors LLC lifted its stake in H. B. Fuller by 129.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,218 shares of the specialty chemicals company’s stock valued at $73,000 after buying an additional 688 shares in the last quarter. Baird Financial Group Inc. lifted its stake in H. B. Fuller by 19.6% in the 2nd quarter. Baird Financial Group Inc. now owns 7,518 shares of the specialty chemicals company’s stock valued at $452,000 after buying an additional 1,232 shares in the last quarter. Marshall Wace LLP boosted its holdings in H. B. Fuller by 382.1% in the 2nd quarter. Marshall Wace LLP now owns 20,370 shares of the specialty chemicals company’s stock worth $1,225,000 after buying an additional 16,145 shares during the last quarter. Finally, Cerity Partners LLC boosted its holdings in H. B. Fuller by 2.3% in the 2nd quarter. Cerity Partners LLC now owns 11,499 shares of the specialty chemicals company’s stock worth $692,000 after buying an additional 261 shares during the last quarter. Hedge funds and other institutional investors own 95.93% of the company’s stock.

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.