Brokerages Set HB Fuller Co (NYSE:FUL) Target Price at $53.25

HB Fuller Co (NYSE:FUL) has earned an average recommendation of “Hold” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $53.25.

FUL has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of HB Fuller from a “sell” rating to a “hold” rating in a research note on Monday, July 29th. ValuEngine raised shares of HB Fuller from a “sell” rating to a “hold” rating in a research note on Friday, June 28th. TheStreet upgraded shares of HB Fuller from a “c+” rating to a “b-” rating in a research note on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of HB Fuller from $51.00 to $46.00 and set a “neutral” rating for the company in a research note on Friday, June 28th.

NYSE FUL traded down $0.36 on Friday, reaching $45.78. The company had a trading volume of 329,795 shares, compared to its average volume of 320,699. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 15.26, a price-to-earnings-growth ratio of 1.30 and a beta of 1.58. The company has a quick ratio of 1.40, a current ratio of 2.14 and a debt-to-equity ratio of 1.85. HB Fuller has a 1-year low of $39.22 and a 1-year high of $59.58. The stock’s fifty day moving average price is $46.65.

HB Fuller (NYSE:FUL) last announced its earnings results on Wednesday, June 26th. The specialty chemicals company reported $0.88 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.01). The company had revenue of $759.60 million during the quarter, compared to analyst estimates of $779.07 million. HB Fuller had a return on equity of 13.38% and a net margin of 4.31%. HB Fuller’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.89 earnings per share. Research analysts anticipate that HB Fuller will post 3.16 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 13th. Stockholders of record on Tuesday, July 30th will be paid a dividend of $0.16 per share. The ex-dividend date is Monday, July 29th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.40%. HB Fuller’s dividend payout ratio is 21.33%.

In other news, VP Timothy J. Keenan sold 7,500 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $48.82, for a total transaction of $366,150.00. Following the completion of the transaction, the vice president now directly owns 27,742 shares in the company, valued at approximately $1,354,364.44. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 3.46% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. GHP Investment Advisors Inc. boosted its position in shares of HB Fuller by 14.4% during the 2nd quarter. GHP Investment Advisors Inc. now owns 35,044 shares of the specialty chemicals company’s stock worth $1,626,000 after acquiring an additional 4,408 shares in the last quarter. Swiss National Bank boosted its position in shares of HB Fuller by 2.4% during the 2nd quarter. Swiss National Bank now owns 94,600 shares of the specialty chemicals company’s stock worth $4,389,000 after acquiring an additional 2,200 shares in the last quarter. Comerica Bank boosted its position in shares of HB Fuller by 2.1% during the 2nd quarter. Comerica Bank now owns 141,136 shares of the specialty chemicals company’s stock worth $6,731,000 after acquiring an additional 2,912 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its position in shares of HB Fuller by 27.2% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 292,533 shares of the specialty chemicals company’s stock worth $13,574,000 after acquiring an additional 62,602 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its position in shares of HB Fuller by 1.7% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 15,210 shares of the specialty chemicals company’s stock worth $706,000 after acquiring an additional 260 shares in the last quarter. Institutional investors own 98.78% of the company’s stock.

About HB Fuller

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.

Further Reading: Golden Cross

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