HB Fuller Co (NYSE:FUL) has been given a consensus recommendation of “Hold” by the eight analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $57.80.
A number of brokerages have recently commented on FUL. ValuEngine raised shares of HB Fuller from a “sell” rating to a “hold” rating in a report on Tuesday, January 22nd. Stifel Nicolaus began coverage on shares of HB Fuller in a report on Monday, December 10th. They issued a “buy” rating and a $62.00 price target on the stock. Deutsche Bank lowered shares of HB Fuller from a “buy” rating to a “hold” rating and set a $50.00 price target on the stock. in a report on Tuesday. Finally, Zacks Investment Research lowered shares of HB Fuller from a “hold” rating to a “sell” rating in a report on Thursday, January 24th.
In related news, VP Traci L. Jensen sold 4,129 shares of the stock in a transaction on Tuesday, November 13th. The shares were sold at an average price of $46.01, for a total transaction of $189,975.29. Following the transaction, the vice president now owns 20,997 shares of the company’s stock, valued at approximately $966,071.97. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.46% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in shares of HB Fuller by 1.9% during the 4th quarter. BlackRock Inc. now owns 7,497,141 shares of the specialty chemicals company’s stock valued at $319,903,000 after purchasing an additional 138,231 shares during the last quarter. California Public Employees Retirement System grew its holdings in shares of HB Fuller by 1.9% during the 4th quarter. California Public Employees Retirement System now owns 140,240 shares of the specialty chemicals company’s stock valued at $5,984,000 after purchasing an additional 2,580 shares during the last quarter. Public Employees Retirement Association of Colorado grew its holdings in shares of HB Fuller by 2,763.0% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 229,931 shares of the specialty chemicals company’s stock valued at $9,811,000 after purchasing an additional 221,900 shares during the last quarter. Prudential Financial Inc. grew its holdings in shares of HB Fuller by 2.2% during the 4th quarter. Prudential Financial Inc. now owns 99,828 shares of the specialty chemicals company’s stock valued at $4,260,000 after purchasing an additional 2,130 shares during the last quarter. Finally, Piedmont Investment Advisors Inc. grew its holdings in shares of HB Fuller by 3.5% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 12,063 shares of the specialty chemicals company’s stock valued at $515,000 after purchasing an additional 404 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors.
NYSE FUL traded down $0.31 on Friday, hitting $46.99. The stock had a trading volume of 584,577 shares, compared to its average volume of 587,833. HB Fuller has a 52-week low of $39.61 and a 52-week high of $59.58. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.99 and a quick ratio of 1.34. The stock has a market capitalization of $2.40 billion, a PE ratio of 15.66, a P/E/G ratio of 0.75 and a beta of 1.44.
HB Fuller (NYSE:FUL) last issued its quarterly earnings results on Wednesday, January 16th. The specialty chemicals company reported $0.90 EPS for the quarter, missing the Zacks’ consensus estimate of $0.99 by ($0.09). The company had revenue of $768.43 million during the quarter, compared to the consensus estimate of $806.99 million. HB Fuller had a return on equity of 13.77% and a net margin of 5.63%. HB Fuller’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, research analysts anticipate that HB Fuller will post 3.3 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 21st. Stockholders of record on Thursday, February 7th will be issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Wednesday, February 6th. HB Fuller’s payout ratio is 20.67%.
HB Fuller Company Profile
H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, and other specialty chemical products worldwide. The company operates through five segments: Americas Adhesives, EIMEA, Asia Pacific, Construction Adhesives, and Engineering Adhesives.
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