HB Fuller Co (NYSE:FUL) – Investment analysts at Seaport Global Securities cut their FY2018 earnings per share (EPS) estimates for shares of HB Fuller in a research note issued on Friday, September 28th, Zacks Investment Research reports. Seaport Global Securities analyst M. Harrison now forecasts that the specialty chemicals company will earn $3.14 per share for the year, down from their prior forecast of $3.22. Seaport Global Securities also issued estimates for HB Fuller’s Q4 2018 earnings at $1.04 EPS, Q1 2019 earnings at $0.62 EPS, Q2 2019 earnings at $1.06 EPS, Q3 2019 earnings at $1.09 EPS, Q4 2019 earnings at $1.26 EPS, FY2019 earnings at $4.03 EPS and FY2020 earnings at $4.73 EPS.
FUL has been the subject of a number of other reports. Deutsche Bank reduced their target price on shares of HB Fuller from $62.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, September 28th. ValuEngine lowered shares of HB Fuller from a “hold” rating to a “sell” rating in a research note on Friday, September 28th. Robert W. Baird dropped their price target on shares of HB Fuller from $60.00 to $55.00 and set a “neutral” rating on the stock in a research report on Friday, September 28th. Berenberg Bank assumed coverage on shares of HB Fuller in a research report on Thursday, July 12th. They set a “buy” rating and a $65.00 price target on the stock. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a $57.00 price target on shares of HB Fuller in a research report on Thursday, July 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. HB Fuller has a consensus rating of “Hold” and a consensus target price of $61.00.
HB Fuller (NYSE:FUL) last posted its earnings results on Wednesday, September 26th. The specialty chemicals company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.04). The firm had revenue of $770.11 million for the quarter, compared to analyst estimates of $784.75 million. HB Fuller had a net margin of 4.14% and a return on equity of 13.50%.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 1st. Investors of record on Thursday, October 18th will be issued a $0.155 dividend. The ex-dividend date is Wednesday, October 17th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.21%. HB Fuller’s payout ratio is currently 24.80%.
In other news, VP Steven Kenny sold 2,200 shares of the business’s stock in a transaction that occurred on Monday, July 30th. The shares were sold at an average price of $56.19, for a total transaction of $123,618.00. Following the sale, the vice president now owns 30,173 shares in the company, valued at $1,695,420.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Traci L. Jensen sold 4,508 shares of the business’s stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $57.45, for a total transaction of $258,984.60. The disclosure for this sale can be found here. 3.46% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its holdings in shares of HB Fuller by 77.5% during the second quarter. SG Americas Securities LLC now owns 24,360 shares of the specialty chemicals company’s stock valued at $1,308,000 after acquiring an additional 10,633 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in shares of HB Fuller by 9.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 398,043 shares of the specialty chemicals company’s stock valued at $21,367,000 after acquiring an additional 33,956 shares during the period. Engineers Gate Manager LP raised its holdings in shares of HB Fuller by 106.5% during the second quarter. Engineers Gate Manager LP now owns 46,041 shares of the specialty chemicals company’s stock valued at $2,471,000 after acquiring an additional 23,750 shares during the period. New York State Common Retirement Fund raised its holdings in shares of HB Fuller by 233.6% during the first quarter. New York State Common Retirement Fund now owns 216,528 shares of the specialty chemicals company’s stock valued at $10,768,000 after acquiring an additional 151,615 shares during the period. Finally, US Bancorp DE raised its holdings in shares of HB Fuller by 5.6% during the second quarter. US Bancorp DE now owns 97,584 shares of the specialty chemicals company’s stock valued at $5,238,000 after acquiring an additional 5,218 shares during the period. Institutional investors and hedge funds own 97.65% of the company’s stock.
HB Fuller Company Profile
H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, and other specialty chemical products worldwide. The company operates through six segments: Americas Adhesives; EIMEA (Europe, India, Middle East and Africa); Asia Pacific; Construction Products; Engineering Adhesives; and Royal Adhesives.
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