H.B. Fuller (NYSE:FUL) Receives $86.20 Consensus Target Price from Brokerages

H.B. Fuller (NYSE:FUL) has been given an average rating of “Moderate Buy” by the four ratings firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $92.75.

Several equities research analysts recently issued reports on FUL shares. Robert W. Baird raised their target price on shares of H.B. Fuller from $80.00 to $90.00 and gave the company a “neutral” rating in a research note on Monday, April 1st. Vertical Research started coverage on shares of H.B. Fuller in a report on Tuesday, March 19th. They issued a “buy” rating and a $88.00 price target on the stock.

Insider Buying and Selling at H.B. Fuller

In other H.B. Fuller news, EVP Zhiwei Cai sold 4,645 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $75.15, for a total value of $349,071.75. Following the transaction, the executive vice president now directly owns 30,663 shares of the company’s stock, valued at approximately $2,304,324.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Zhiwei Cai sold 4,645 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $75.15, for a total transaction of $349,071.75. Following the transaction, the executive vice president now directly owns 30,663 shares of the company’s stock, valued at $2,304,324.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP James J. East sold 22,316 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $78.27, for a total transaction of $1,746,673.32. The disclosure for this sale can be found here. Insiders have sold a total of 34,253 shares of company stock valued at $2,669,188 in the last three months. 1.96% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Luminus Management LLC increased its stake in H.B. Fuller by 123.9% in the third quarter. Luminus Management LLC now owns 410,351 shares of the specialty chemicals company’s stock valued at $28,154,000 after acquiring an additional 227,055 shares during the last quarter. Kennedy Capital Management LLC increased its stake in H.B. Fuller by 19.3% in the third quarter. Kennedy Capital Management LLC now owns 82,273 shares of the specialty chemicals company’s stock valued at $5,645,000 after acquiring an additional 13,328 shares during the last quarter. Wesbanco Bank Inc. increased its stake in H.B. Fuller by 90.2% in the third quarter. Wesbanco Bank Inc. now owns 9,700 shares of the specialty chemicals company’s stock valued at $666,000 after acquiring an additional 4,600 shares during the last quarter. Arlington Trust Co LLC bought a new position in H.B. Fuller in the fourth quarter valued at approximately $134,000. Finally, Neuberger Berman Group LLC boosted its position in H.B. Fuller by 1.6% in the fourth quarter. Neuberger Berman Group LLC now owns 11,353 shares of the specialty chemicals company’s stock valued at $924,000 after buying an additional 179 shares in the last quarter. 95.93% of the stock is owned by institutional investors.

H.B. Fuller Trading Up 0.8 %

H.B. Fuller stock opened at $76.96 on Thursday. The firm has a 50-day moving average of $78.01 and a 200-day moving average of $78.47. H.B. Fuller has a one year low of $63.72 and a one year high of $84.31. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.89 and a quick ratio of 1.23. The company has a market cap of $4.19 billion, a price-to-earnings ratio of 26.27, a P/E/G ratio of 1.21 and a beta of 1.48.

H.B. Fuller (NYSE:FUL) last issued its earnings results on Wednesday, June 26th. The specialty chemicals company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.07. H.B. Fuller had a net margin of 4.67% and a return on equity of 13.33%. The business had revenue of $917.10 million during the quarter, compared to the consensus estimate of $914.22 million. During the same period last year, the business posted $0.93 EPS. H.B. Fuller’s revenue was up 2.1% on a year-over-year basis. On average, equities analysts expect that H.B. Fuller will post 4.33 earnings per share for the current fiscal year.

H.B. Fuller Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 9th. Shareholders of record on Thursday, April 25th were issued a $0.222 dividend. This is a boost from H.B. Fuller’s previous quarterly dividend of $0.21. This represents a $0.89 annualized dividend and a yield of 1.15%. The ex-dividend date was Wednesday, April 24th. H.B. Fuller’s dividend payout ratio is currently 30.38%.

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.