H.B. Fuller (NYSE:FUL) Receives Consensus Rating of “Hold” from Analysts

Shares of H.B. Fuller (NYSE:FUL) have received a consensus recommendation of “Hold” from the five brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $75.60.

A number of research firms recently weighed in on FUL. Deutsche Bank Aktiengesellschaft lowered their target price on shares of H.B. Fuller from $75.00 to $72.00 and set a “buy” rating on the stock in a research note on Wednesday. Citigroup lowered their target price on shares of H.B. Fuller from $78.00 to $68.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. JPMorgan Chase & Co. lowered their target price on shares of H.B. Fuller from $70.00 to $60.00 and set an “underweight” rating on the stock in a research note on Friday, January 17th. Finally, Vertical Research cut shares of H.B. Fuller from a “buy” rating to a “hold” rating in a research note on Monday, January 6th.

Institutional Trading of H.B. Fuller

Several large investors have recently added to or reduced their stakes in FUL. Lord Abbett & CO. LLC lifted its position in shares of H.B. Fuller by 79.8% during the third quarter. Lord Abbett & CO. LLC now owns 730,058 shares of the specialty chemicals company’s stock worth $57,952,000 after purchasing an additional 324,056 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of H.B. Fuller by 1.5% during the third quarter. Geode Capital Management LLC now owns 1,258,752 shares of the specialty chemicals company’s stock worth $99,939,000 after purchasing an additional 18,734 shares in the last quarter. Marshall Wace LLP lifted its position in shares of H.B. Fuller by 9.9% during the second quarter. Marshall Wace LLP now owns 290,005 shares of the specialty chemicals company’s stock worth $22,319,000 after purchasing an additional 26,239 shares in the last quarter. S&CO Inc. lifted its position in shares of H.B. Fuller by 0.3% during the third quarter. S&CO Inc. now owns 267,192 shares of the specialty chemicals company’s stock worth $21,209,000 after purchasing an additional 920 shares in the last quarter. Finally, Wesbanco Bank Inc. lifted its position in shares of H.B. Fuller by 41.2% during the fourth quarter. Wesbanco Bank Inc. now owns 13,700 shares of the specialty chemicals company’s stock worth $924,000 after purchasing an additional 4,000 shares in the last quarter. 95.93% of the stock is owned by institutional investors.

H.B. Fuller Stock Performance

NYSE:FUL opened at $62.32 on Friday. The firm’s 50-day moving average is $69.69 and its 200-day moving average is $76.40. H.B. Fuller has a 52-week low of $60.96 and a 52-week high of $87.67. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.16 and a current ratio of 1.81. The company has a market cap of $3.40 billion, a price-to-earnings ratio of 26.98, a PEG ratio of 1.19 and a beta of 1.43.

H.B. Fuller (NYSE:FUL) last posted its quarterly earnings data on Wednesday, January 15th. The specialty chemicals company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.08). H.B. Fuller had a return on equity of 12.01% and a net margin of 3.65%. The company had revenue of $923.00 million for the quarter, compared to the consensus estimate of $916.84 million. During the same quarter in the previous year, the firm posted $1.32 EPS. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. Equities research analysts anticipate that H.B. Fuller will post 4.07 earnings per share for the current year.

H.B. Fuller Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th will be paid a dividend of $0.2225 per share. This represents a $0.89 annualized dividend and a yield of 1.43%. H.B. Fuller’s dividend payout ratio is 38.53%.

About H.B. Fuller

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products. It operates through three segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Construction Adhesives.