H. B. Fuller Company (NYSE:FUL) has received an average recommendation of “Hold” from the eight analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $56.50.
Several equities research analysts recently commented on the company. Zacks Investment Research raised H. B. Fuller from a “sell” rating to a “hold” rating in a research report on Thursday, August 24th. BidaskClub cut H. B. Fuller from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Robert W. Baird assumed coverage on H. B. Fuller in a research report on Thursday, September 14th. They set a “neutral” rating and a $60.00 price objective on the stock. Finally, Deutsche Bank AG increased their price objective on H. B. Fuller from $56.00 to $58.00 and gave the company a “hold” rating in a research report on Wednesday, September 6th.
In other H. B. Fuller news, VP Traci L. Jensen sold 5,397 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $58.40, for a total value of $315,184.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 3.10% of the company’s stock.
A number of large investors have recently made changes to their positions in FUL. Riverhead Capital Management LLC boosted its position in H. B. 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 purchasing an additional 596 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in H. B. 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 purchasing an additional 218 shares during the last quarter. Point72 Asia Hong Kong Ltd purchased a new position in H. B. Fuller in the first quarter worth about $117,000. Public Employees Retirement System of Ohio boosted its position in H. B. Fuller by 5.4% in the second quarter. Public Employees Retirement System of Ohio now owns 3,339 shares of the specialty chemicals company’s stock worth $171,000 after purchasing an additional 172 shares during the last quarter. Finally, Suntrust Banks Inc. purchased a new position in H. B. Fuller in the second quarter worth about $202,000. 92.74% of the stock is currently owned by institutional investors and hedge funds.
H. B. Fuller (FUL) traded up 0.04% during midday trading on Friday, hitting $57.06. The stock had a trading volume of 193,992 shares. H. B. Fuller has a 52 week low of $41.52 and a 52 week high of $58.74. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 27.98 and a beta of 1.72. The firm has a 50 day moving average of $55.24 and a 200 day moving average of $52.34.
H. B. Fuller (NYSE:FUL) last released its quarterly earnings data on Wednesday, September 27th. The specialty chemicals company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.02). H. B. Fuller had a net margin of 4.76% and a return on equity of 13.08%. The business had revenue of $562.87 million for the quarter, compared to analysts’ expectations of $553.66 million. Equities research analysts predict that H. B. Fuller will post $2.60 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 2nd. Shareholders of record on Thursday, October 19th will be given a $0.15 dividend. The ex-dividend date is Wednesday, October 18th. This represents a $0.60 annualized dividend and a yield of 1.05%. H. B. Fuller’s payout ratio is 29.41%.
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, 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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