H. B. Fuller Company (NYSE:FUL) has been assigned an average recommendation of “Hold” from the six ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $51.67.
A number of research analysts recently commented on FUL shares. BidaskClub upgraded H. B. Fuller from a “hold” rating to a “buy” rating in a research report on Saturday, June 10th. Zacks Investment Research cut H. B. Fuller from a “hold” rating to a “sell” rating in a research report on Monday, June 5th.
H. B. Fuller (NYSE:FUL) opened at 50.13 on Tuesday. The company’s 50-day moving average is $51.42 and its 200 day moving average is $50.99. H. B. Fuller has a 12 month low of $41.52 and a 12 month high of $54.32. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of 22.91 and a beta of 1.68.
H. B. Fuller (NYSE:FUL) last posted its quarterly earnings data on Wednesday, June 28th. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.67 by $0.05. The firm had revenue of $561.65 million for the quarter. H. B. Fuller had a return on equity of 13.32% and a net margin of 5.23%. During the same quarter last year, the firm earned $0.67 EPS. On average, equities research analysts predict that H. B. Fuller will post $2.60 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 10th. Investors of record on Thursday, July 27th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Tuesday, July 25th. H. B. Fuller’s dividend payout ratio (DPR) is presently 27.40%.
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In other H. B. Fuller news, VP Dietrich J. Crail acquired 970 shares of H. B. Fuller stock in a transaction that occurred on Wednesday, July 12th. The shares were acquired at an average cost of $51.41 per share, with a total value of $49,867.70. Following the completion of the purchase, the vice president now directly owns 970 shares of the company’s stock, valued at approximately $49,867.70. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.10% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. Miles Capital Inc. raised its stake in shares of H. B. Fuller by 0.3% in the first quarter. Miles Capital Inc. now owns 4,576 shares of the specialty chemicals company’s stock worth $236,000 after buying an additional 12 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of H. B. Fuller by 0.3% in the second quarter. Municipal Employees Retirement System of Michigan now owns 15,520 shares of the specialty chemicals company’s stock worth $793,000 after buying an additional 40 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of H. B. Fuller by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 20,600 shares of the specialty chemicals company’s stock worth $1,053,000 after buying an additional 100 shares during the last quarter. Tyers Asset Management LLC raised its stake in shares of H. B. Fuller by 6.6% in the first quarter. Tyers Asset Management LLC now owns 2,064 shares of the specialty chemicals company’s stock worth $106,000 after buying an additional 128 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its stake in shares of H. B. Fuller by 2.4% in the first quarter. State of Alaska Department of Revenue now owns 5,570 shares of the specialty chemicals company’s stock worth $287,000 after buying an additional 130 shares during the last quarter. 93.03% of the stock is currently owned by hedge funds and other institutional investors.
H. B. Fuller Company Profile
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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