H. B. Fuller Company (NYSE:FUL) Stock Has Average Target Price of $64.62

by · The Cerbat Gem

Shares of H. B. Fuller Company (NYSE:FUL – Get Free Report) have been given an average recommendation of “Moderate Buy” by the eight research firms that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $64.62.

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group set a $67.00 target price on shares of H. B. Fuller in a research note on Friday, June 26th. Deutsche Bank Aktiengesellschaft cut their price target on H. B. Fuller from $72.00 to $62.00 and set a “buy” rating for the company in a research note on Tuesday, September 29th. Raymond James Financial set a $67.00 price objective on H. B. Fuller in a research report on Friday, June 26th. Robert W. Baird dropped their price objective on H. B. Fuller from $75.00 to $65.00 and set an “outperform” rating for the company in a research note on Friday, September 25th. Finally, JPMorgan Chase & Co. dropped their price objective on H. B. Fuller from $67.00 to $66.00 and set an “overweight” rating for the company in a research note on Monday, September 28th.

Read Our Latest Report on H. B. Fuller

Insider Buying and Selling at H. B. Fuller

In related news, Director Michael Happe acquired 2,000 shares of H. B. Fuller stock in a transaction dated Tuesday, September 29th. The shares were purchased at an average price of $49.62 per share, for a total transaction of $99,240.00. Following the completion of the transaction, the director directly owned 3,343 shares in the company, valued at approximately $165,879.66. This represents a 148.92% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles Lauber bought 2,005 shares of the stock in a transaction dated Tuesday, September 29th. The stock was bought at an average cost of $49.87 per share, for a total transaction of $99,989.35. Following the acquisition, the director directly owned 3,356 shares of the company’s stock, valued at approximately $167,363.72. This represents a 148.41% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders bought 12,582 shares of company stock worth $621,322. Insiders own 1.83% of the company’s stock.

Institutional Trading of H. B. Fuller

Several hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its position in shares of H. B. Fuller by 5.4% during the first quarter. Dimensional Fund Advisors LP now owns 2,608,006 shares of the specialty chemicals company’s stock valued at $160,854,000 after purchasing an additional 132,558 shares in the last quarter. Norges Bank bought a new stake in shares of H. B. Fuller in the fourth quarter worth about $44,203,000. Royal Bank of Canada increased its holdings in shares of H. B. Fuller by 2,694.7% in the first quarter. Royal Bank of Canada now owns 675,765 shares of the specialty chemicals company’s stock worth $41,681,000 after purchasing an additional 651,585 shares during the last quarter. Kennedy Capital Management LLC lifted its position in shares of H. B. Fuller by 43.4% in the fourth quarter. Kennedy Capital Management LLC now owns 630,194 shares of the specialty chemicals company’s stock worth $37,471,000 after buying an additional 190,750 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of H. B. Fuller by 36.3% in the first quarter. Bank of America Corp DE now owns 513,163 shares of the specialty chemicals company’s stock worth $31,652,000 after buying an additional 136,666 shares in the last quarter. Hedge funds and other institutional investors own 95.93% of the company’s stock.

H. B. Fuller Price Performance

NYSE FUL opened at $50.73 on Friday. H. B. Fuller has a 12 month low of $46.70 and a 12 month high of $68.63. The stock has a market cap of $2.73 billion, a price-to-earnings ratio of 14.13, a PEG ratio of 0.62 and a beta of 0.99. The company’s 50 day moving average is $54.89 and its two-hundred day moving average is $58.11. The company has a current ratio of 1.82, a quick ratio of 1.10 and a debt-to-equity ratio of 0.95.

H. B. Fuller (NYSE:FUL – Get Free Report) last posted its quarterly earnings results on Thursday, September 24th. The specialty chemicals company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.05. The business had revenue of $938.17 million during the quarter, compared to analyst estimates of $945.59 million. H. B. Fuller had a net margin of 5.56% and a return on equity of 12.65%. The company’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.26 earnings per share. As a group, research analysts anticipate that H. B. Fuller will post 4.88 earnings per share for the current year.

H. B. Fuller Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Thursday, October 15th will be paid a $0.2450 dividend. This represents a $0.98 annualized dividend and a yield of 1.9%. The ex-dividend date is Thursday, October 15th. H. B. Fuller’s dividend payout ratio is presently 27.30%.

About H. B. Fuller

(Get Free Report)

H.B. Fuller Company is a global manufacturer of adhesives, sealants and specialty chemical products. Its solutions are used to bond, seal, protect and assemble materials in commercial and industrial applications, including packaging, hygiene products, construction, transportation, electronics and durable goods.

The company offers products such as hot-melt, water-based and reactive adhesives, construction adhesives, sealants, coatings and specialty formulations. H.B. Fuller serves manufacturers, contractors and other commercial customers that require bonding and sealing solutions for products, components and building materials.

Founded in 1887 by Harvey Benjamin Fuller, the company has grown from a regional adhesive producer into an international supplier serving customers across North America, Europe, Asia-Pacific and Latin America.

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