H.B. Fuller (NYSE:FUL) Receives $75.60 Consensus Target Price from Analysts

Shares of H.B. Fuller (NYSE:FUL - Get Free Report) have been assigned a consensus recommendation of "Hold" from the six brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $75.60.

Several research firms have weighed in on FUL. Seaport Res Ptn cut H.B. Fuller from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. JPMorgan Chase & Co. lowered their price target on H.B. Fuller from $70.00 to $60.00 and set an "underweight" rating for the company in a report on Friday, January 17th. Citigroup reduced their price objective on 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. Vertical Research downgraded H.B. Fuller from a "buy" rating to a "hold" rating in a research note on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target 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, January 22nd.

H.B. Fuller Price Performance

Shares of NYSE:FUL traded down $0.07 during trading on Friday, reaching $57.07. 496,490 shares of the company traded hands, compared to its average volume of 320,125. The firm has a market capitalization of $3.12 billion, a PE ratio of 24.70, a PEG ratio of 1.13 and a beta of 1.41. H.B. Fuller has a 52 week low of $54.18 and a 52 week high of $87.67. The company has a quick ratio of 1.16, a current ratio of 1.81 and a debt-to-equity ratio of 1.10. The company's 50 day moving average is $61.09 and its two-hundred day moving average is $71.60.

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H.B. Fuller (NYSE:FUL - Get Free Report) last posted its quarterly earnings data on Wednesday, January 15th. The specialty chemicals company reported $0.92 earnings per share 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 firm had revenue of $923.00 million for the quarter, compared to the consensus estimate of $916.84 million. During the same period in the prior year, the company earned $1.32 EPS. The company's revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, sell-side analysts predict that H.B. Fuller will post 4.07 earnings per share for the current year.

H.B. Fuller Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FUL. Lord Abbett & CO. LLC grew its holdings in H.B. Fuller by 79.8% during the 3rd quarter. Lord Abbett & CO. LLC now owns 730,058 shares of the specialty chemicals company's stock worth $57,952,000 after acquiring an additional 324,056 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of H.B. Fuller by 1.5% in 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 during the last quarter. Bank of New York Mellon Corp grew its stake in shares of H.B. Fuller by 17.2% in the fourth quarter. Bank of New York Mellon Corp now owns 554,947 shares of the specialty chemicals company's stock worth $37,448,000 after purchasing an additional 81,558 shares during the last quarter. S&CO Inc. increased its holdings in H.B. Fuller by 0.3% in the third quarter. S&CO Inc. now owns 267,192 shares of the specialty chemicals company's stock valued at $21,209,000 after purchasing an additional 920 shares during the period. Finally, Wesbanco Bank Inc. raised its position in H.B. Fuller by 41.2% during 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 during the last quarter. Institutional investors and hedge funds own 95.93% of the company's stock.

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.