Seaport Res Ptn Downgrades H.B. Fuller (NYSE:FUL) to Hold

Seaport Res Ptn cut shares of H.B. Fuller (NYSE:FUL - Free Report) from a strong-buy rating to a hold rating in a research report released on Wednesday,Zacks.com reports. Seaport Res Ptn also issued estimates for H.B. Fuller's Q1 2025 earnings at $0.43 EPS, Q2 2025 earnings at $0.99 EPS, Q3 2025 earnings at $1.10 EPS, Q4 2025 earnings at $1.18 EPS, FY2025 earnings at $3.70 EPS and FY2026 earnings at $4.56 EPS.

Several other research analysts also recently commented on the company. Deutsche Bank Aktiengesellschaft cut their target price on H.B. Fuller from $75.00 to $72.00 and set a "buy" rating for the company in a research note on Wednesday, January 22nd. Vertical Research lowered shares of H.B. Fuller from a "buy" rating to a "hold" rating in a research report on Monday, January 6th. Citigroup decreased 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 report on Friday, January 3rd. Finally, 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, H.B. Fuller presently has an average rating of "Hold" and an average price target of $75.60.

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H.B. Fuller Stock Performance

Shares of FUL traded up $0.17 during trading hours on Wednesday, hitting $57.22. The company's stock had a trading volume of 574,007 shares, compared to its average volume of 321,141. The business has a 50 day simple moving average of $61.09 and a two-hundred day simple moving average of $71.53. H.B. Fuller has a 52-week low of $54.18 and a 52-week high of $87.67. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.81 and a quick ratio of 1.16. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 24.77, a PEG ratio of 1.13 and a beta of 1.41.

H.B. Fuller (NYSE:FUL - Get Free Report) last released its quarterly earnings data on Wednesday, January 15th. The specialty chemicals company reported $0.92 earnings per share for the quarter, missing analysts' consensus estimates of $1.00 by ($0.08). The business had revenue of $923.00 million during the quarter, compared to analysts' expectations of $916.84 million. H.B. Fuller had a net margin of 3.65% and a return on equity of 12.01%. The firm's quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.32 earnings per share. On average, equities analysts expect that H.B. Fuller will post 4.07 earnings per share for the current fiscal year.

H.B. Fuller Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were paid a $0.2225 dividend. This represents a $0.89 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date was Thursday, February 6th. H.B. Fuller's dividend payout ratio is currently 38.53%.

Hedge Funds Weigh In On H.B. Fuller

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. S&CO Inc. lifted its holdings in shares of H.B. Fuller by 0.3% during the 3rd quarter. S&CO Inc. now owns 267,192 shares of the specialty chemicals company's stock worth $21,209,000 after acquiring an additional 920 shares during the last quarter. Geode Capital Management LLC raised its position in 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 valued at $99,939,000 after purchasing an additional 18,734 shares in the last quarter. Lord Abbett & CO. LLC lifted its stake in 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 during the last quarter. Wesbanco Bank Inc. boosted its holdings in shares of H.B. Fuller by 41.2% in the 4th 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. Finally, Bank of New York Mellon Corp increased its position in shares of H.B. Fuller by 17.2% during the 4th quarter. Bank of New York Mellon Corp now owns 554,947 shares of the specialty chemicals company's stock valued at $37,448,000 after purchasing an additional 81,558 shares during the last quarter. Hedge funds and other institutional investors own 95.93% of the company's stock.

H.B. Fuller Company Profile

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.