Analysts Set HB Fuller Co (FUL) Price Target at $56.56

Shares of HB Fuller Co (NYSE:FUL) have earned a consensus recommendation of “Hold” from the seven analysts that are covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $56.56.

FUL has been the topic of a number of research reports. Deutsche Bank downgraded shares of HB Fuller from a “buy” rating to a “hold” rating and set a $50.00 target price on the stock. in a report on Tuesday, February 5th. ValuEngine raised shares of HB Fuller from a “sell” rating to a “hold” rating in a research note on Tuesday, January 22nd. Zacks Investment Research cut shares of HB Fuller from a “hold” rating to a “sell” rating in a research note on Thursday, January 24th. Finally, JPMorgan Chase & Co. cut shares of HB Fuller from an “overweight” rating to a “neutral” rating and set a $50.79 price target for the company. in a research note on Tuesday, April 9th. They noted that the move was a valuation call.

In other HB Fuller news, VP Robert J. Martsching sold 3,215 shares of the business’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $48.86, for a total value of $157,084.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Heather Campe sold 11,457 shares of the business’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $50.36, for a total transaction of $576,974.52. Following the completion of the sale, the vice president now directly owns 20,644 shares of the company’s stock, valued at $1,039,631.84. The disclosure for this sale can be found here. 3.46% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Sandbar Asset Management LLP boosted its position in HB Fuller by 861.9% in the 1st quarter. Sandbar Asset Management LLP now owns 37,052 shares of the specialty chemicals company’s stock valued at $1,802,000 after buying an additional 33,200 shares during the period. Man Group plc purchased a new stake in shares of HB Fuller in the 1st quarter worth approximately $7,776,000. Jefferies Group LLC purchased a new stake in shares of HB Fuller in the 1st quarter worth approximately $248,000. P2 Capital Partners LLC lifted its position in shares of HB Fuller by 24.7% in the 1st quarter. P2 Capital Partners LLC now owns 1,170,386 shares of the specialty chemicals company’s stock worth $56,928,000 after purchasing an additional 232,086 shares during the period. Finally, Oxford Asset Management LLP purchased a new stake in shares of HB Fuller in the 1st quarter worth approximately $2,108,000. 98.70% of the stock is owned by institutional investors.

Shares of HB Fuller stock traded up $0.60 during trading hours on Monday, reaching $45.43. The company’s stock had a trading volume of 4,536 shares, compared to its average volume of 414,253. HB Fuller has a one year low of $39.61 and a one year high of $59.58. The company has a quick ratio of 1.36, a current ratio of 2.10 and a debt-to-equity ratio of 1.83. The company has a market cap of $2.24 billion, a PE ratio of 15.15, a price-to-earnings-growth ratio of 1.12 and a beta of 1.42.

HB Fuller (NYSE:FUL) last posted its earnings results on Wednesday, March 27th. The specialty chemicals company reported $0.34 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.34. HB Fuller had a net margin of 4.52% and a return on equity of 13.53%. The firm had revenue of $673.00 million for the quarter, compared to the consensus estimate of $697.64 million. HB Fuller’s revenue for the quarter was down 5.6% on a year-over-year basis. As a group, sell-side analysts expect that HB Fuller will post 3.29 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, May 2nd. Investors of record on Thursday, April 18th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Wednesday, April 17th. This is a boost from HB Fuller’s previous quarterly dividend of $0.16. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.41%. HB Fuller’s payout ratio is currently 21.33%.

HB Fuller Company Profile

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, and other specialty chemical products worldwide. The company operates through five segments: Americas Adhesives, EIMEA, Asia Pacific, Construction Adhesives, and Engineering Adhesives.

Featured Story: Return on Investment (ROI) Defined, Explained

Analyst Recommendations for HB Fuller (NYSE:FUL)

Receive News & Ratings for HB Fuller Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HB Fuller and related companies with MarketBeat.com's FREE daily email newsletter.