H. B. Fuller Company (NYSE:FUL) Stock Has Consensus Target Price of $62.88

Shares of H. B. Fuller Company (NYSE:FUL) have been assigned a consensus rating of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $62.88.

Several research firms recently weighed in on FUL. Wall Street Zen lowered shares of H. B. Fuller from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. UBS Group decreased their target price on H. B. Fuller from $69.00 to $55.00 and set a “neutral” rating for the company in a research note on Wednesday, October 21st. JPMorgan Chase & Co. lowered their target price on H. B. Fuller from $67.00 to $66.00 and set an “overweight” rating for the company in a report on Monday, September 28th. Robert W. Baird dropped their price target on H. B. Fuller from $75.00 to $65.00 and set an “outperform” rating on the stock in a research report on Friday, September 25th. Finally, Citigroup cut their price target on H. B. Fuller from $75.00 to $63.00 and set a “buy” rating on the stock in a report on Monday, September 28th.

H. B. Fuller Stock Performance

H. B. Fuller stock opened at $52.63 on Thursday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.82 and a quick ratio of 1.10. H. B. Fuller has a 12 month low of $46.70 and a 12 month high of $68.63. The company has a fifty day moving average price of $51.24 and a two-hundred day moving average price of $58.11. The company has a market cap of $2.83 billion, a PE ratio of 14.66, a P/E/G ratio of 0.62 and a beta of 0.97.

H. B. Fuller (NYSE:FUL) last issued its earnings results on Thursday, September 24th. The specialty chemicals company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.05. H. B. Fuller had a net margin of 5.56% and a return on equity of 12.65%. The company had revenue of $938.17 million for the quarter, compared to analysts’ expectations of $945.59 million. During the same period in the prior year, the company earned $1.26 earnings per share. The firm’s revenue was up 5.2% compared to the same quarter last year. Research analysts expect that H. B. Fuller will post 4.88 earnings per share for the current year.

H. B. Fuller Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 29th. Investors of record on Thursday, October 15th were paid a dividend of $0.2450 per share. This represents a $0.98 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Thursday, October 15th. H. B. Fuller’s dividend payout ratio is presently 27.30%.

Insider Transactions at H. B. Fuller

In other news, Director Trangsrud Teresa J. Rasmussen purchased 2,042 shares of H. B. Fuller stock in a transaction dated Monday, September 28th. The stock was bought at an average price of $48.96 per share, with a total value of $99,976.32. Following the completion of the acquisition, the director owned 4,053 shares in the company, valued at $198,434.88. The trade was a 101.54% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Muhammad Malik purchased 479 shares of the stock in a transaction dated Friday, October 16th. The shares were purchased at an average price of $52.23 per share, with a total value of $25,018.17. Following the transaction, the vice president directly owned 14,176 shares of the company’s stock, valued at approximately $740,412.48. The trade was a 3.50% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired 13,061 shares of company stock valued at $646,340 over the last three months. 1.83% of the stock is currently owned by company insiders.

Institutional Trading of H. B. Fuller

Several hedge funds have recently bought and sold shares of FUL. Dimensional Fund Advisors LP increased its position in H. B. Fuller by 5.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,608,006 shares of the specialty chemicals company’s stock valued at $160,854,000 after acquiring an additional 132,558 shares during the period. Royal Bank of Canada boosted its position in H. B. Fuller by 2,694.7% during the 1st quarter. Royal Bank of Canada now owns 675,765 shares of the specialty chemicals company’s stock worth $41,681,000 after acquiring an additional 651,585 shares during the period. Bank of America Corp DE boosted its position in H. B. Fuller by 36.3% during the 1st quarter. Bank of America Corp DE now owns 513,163 shares of the specialty chemicals company’s stock worth $31,652,000 after acquiring an additional 136,666 shares during the period. Bank of New York Mellon Corp acquired a new position in H. B. Fuller during the 2nd quarter worth $29,611,000. Finally, Gamco Investors INC. ET AL grew its stake in shares of H. B. Fuller by 0.9% in the first quarter. Gamco Investors INC. ET AL now owns 391,252 shares of the specialty chemicals company’s stock worth $24,132,000 after purchasing an additional 3,522 shares in the last quarter. 95.93% of the stock is currently owned by institutional investors.

H. B. Fuller Company Profile

H.B. Fuller Company (NYSE:FUL) develops and manufactures specialty adhesives, sealants and other engineered bonding solutions. Its products are used to assemble, protect, package and improve the performance of products across a wide range of industries, including construction, transportation, electronics, consumer goods, packaging and hygiene.

The company offers technologies such as hot-melt, water-based, reactive and pressure-sensitive adhesives, as well as sealants, coatings and related materials.