Brokerages Set H. B. Fuller Company (NYSE:FUL) Price Target at $67.86

by · The Markets Daily

H. B. Fuller Company (NYSE:FULGet Free Report) has been assigned an average rating of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $67.8571.

FUL has been the topic of a number of analyst reports. Raymond James Financial set a $67.00 price objective on H. B. Fuller in a research note on Friday, June 26th. JPMorgan Chase & Co. upgraded shares of H. B. Fuller from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $58.00 to $67.00 in a report on Friday, June 26th. Royal Bank Of Canada set a $58.00 price target on shares of H. B. Fuller in a research report on Wednesday, May 27th. Citigroup increased their price target on shares of H. B. Fuller from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. Finally, The Goldman Sachs Group set a $67.00 price objective on shares of H. B. Fuller in a research report on Friday, June 26th.

Get Our Latest Stock Report on FUL

Insider Transactions at H. B. Fuller

In related news, VP Nathan D. Weaver sold 9,561 shares of H. B. Fuller stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $62.06, for a total transaction of $593,355.66. Following the completion of the transaction, the vice president owned 11,739 shares in the company, valued at approximately $728,522.34. This trade represents a 44.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.83% of the company’s stock.

Institutional Trading of H. B. Fuller

Several institutional investors and hedge funds have recently bought and sold shares of FUL. Dimensional Fund Advisors LP boosted its stake in shares of H. B. Fuller by 5.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,608,006 shares of the specialty chemicals company’s stock worth $160,854,000 after acquiring an additional 132,558 shares during the period. Cooke & Bieler LP lifted its holdings in H. B. Fuller by 13.3% during the 4th quarter. Cooke & Bieler LP now owns 1,677,674 shares of the specialty chemicals company’s stock valued at $99,754,000 after purchasing an additional 196,644 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in H. B. Fuller by 5.7% during the 4th quarter. Victory Capital Management Inc. now owns 1,228,068 shares of the specialty chemicals company’s stock valued at $73,021,000 after purchasing an additional 66,686 shares during the last quarter. UBS Group AG boosted its position in H. B. Fuller by 35.0% during the fourth quarter. UBS Group AG now owns 1,108,261 shares of the specialty chemicals company’s stock worth $65,897,000 after purchasing an additional 287,390 shares during the period. Finally, Wellington Management Group LLP boosted its position in H. B. Fuller by 3.6% during the third quarter. Wellington Management Group LLP now owns 976,005 shares of the specialty chemicals company’s stock worth $57,858,000 after purchasing an additional 33,522 shares during the period. Institutional investors own 95.93% of the company’s stock.

H. B. Fuller Price Performance

NYSE:FUL opened at $58.85 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.12 and a current ratio of 1.80. The stock’s 50-day simple moving average is $59.18 and its 200 day simple moving average is $60.52. The company has a market cap of $3.17 billion, a P/E ratio of 18.05, a P/E/G ratio of 0.64 and a beta of 0.98. H. B. Fuller has a 52-week low of $48.71 and a 52-week high of $68.63.

H. B. Fuller (NYSE:FULGet Free Report) last issued its quarterly earnings results on Thursday, June 25th. The specialty chemicals company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.37 by $0.04. The firm had revenue of $950.27 million during the quarter, compared to analysts’ expectations of $924.83 million. H. B. Fuller had a return on equity of 12.18% and a net margin of 5.29%.The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.18 earnings per share. As a group, sell-side analysts forecast that H. B. Fuller will post 4.87 EPS for the current fiscal year.

H. B. Fuller Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, July 30th were issued a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Thursday, July 30th. H. B. Fuller’s dividend payout ratio is presently 30.06%.

About H. B. Fuller

(Get Free Report)

H. B. Fuller Company, founded in 1887 and headquartered in St. Paul, Minnesota, is a global adhesives and specialty chemical solutions provider serving a wide array of industries. The company develops, manufactures and markets adhesive technologies, sealants, polymers and related chemical products designed to enhance product performance, sustainability and manufacturing efficiency.

Fuller’s product portfolio spans multiple market segments, including packaging and converting, general industrial assembly, electronics, transportation, hygiene and construction.

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