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

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

H. B. Fuller Trading Up 6.6%

Shares of NYSE FUL traded up $3.50 during trading hours on Wednesday, reaching $56.73. The stock had a trading volume of 1,167,948 shares, compared to its average volume of 523,390. H. B. Fuller has a 52-week low of $47.56 and a 52-week high of $68.63. The firm has a market cap of $3.09 billion, a price-to-earnings ratio of 18.91, a P/E/G ratio of 0.78 and a beta of 1.07. The business’s fifty day moving average price is $61.36 and its two-hundred day moving average price is $60.15. The company has a current ratio of 1.70, a quick ratio of 1.06 and a debt-to-equity ratio of 1.01.

H. B. Fuller Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Thursday, February 5th were issued a $0.235 dividend. The ex-dividend date was Thursday, February 5th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.7%. H. B. Fuller’s payout ratio is presently 31.33%.

Institutional Investors Weigh In On H. B. Fuller

Several hedge funds have recently made changes to their positions in FUL. Aster Capital Management DIFC Ltd purchased a new stake in shares of H. B. Fuller during the fourth quarter valued at about $46,000. Brown Brothers Harriman & Co. bought a new position in shares of H. B. Fuller during the 3rd quarter worth approximately $56,000. Advisory Services Network LLC purchased a new stake in H. B. Fuller during the third quarter valued at approximately $58,000. EverSource Wealth Advisors LLC lifted its position in H. B. Fuller by 129.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,218 shares of the specialty chemicals company’s stock valued at $73,000 after acquiring an additional 688 shares during the last quarter. Finally, Danske Bank A S acquired a new stake in H. B. Fuller in the third quarter valued at approximately $77,000. 95.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on FUL shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of H. B. Fuller in a report on Friday, January 16th. UBS Group set a $66.00 target price on H. B. Fuller in a research report on Friday, January 16th. Citigroup dropped their price target on 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. Weiss Ratings restated a “hold (c)” rating on shares of H. B. Fuller in a report on Monday, December 29th. Finally, Wall Street Zen downgraded H. B. Fuller from a “buy” rating to a “hold” rating in a research note on Saturday. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $65.50.

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.