Zacks Investment Research upgraded shares of HB Fuller Co (NYSE:FUL) from a hold rating to a buy rating in a research report released on Wednesday. The brokerage currently has $56.00 target price on the stock.
According to Zacks, “H.B. Fuller Company is a worldwide manufacturer and marketer of adhesives, sealants, coatings, paints and other specialty chemical products. The company’s largest worldwide business category is adhesives, sealants and coatings. These products are sold to customers in a wide range of industries, including packaging, woodworking, automotive, aerospace, graphic arts (books/magazines), appliances, filtration, windows, sporting goods, nonwovens, shoes and ceramic tile. “
A number of other research analysts also recently commented on FUL. Seaport Global Securities downgraded HB Fuller from an accumulate rating to a neutral rating in a report on Monday, December 12th. Citigroup Inc set a $55.00 target price on HB Fuller and gave the stock a buy rating in a report on Saturday, January 21st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $52.40.
Shares of HB Fuller (NYSE:FUL) traded up 0.24% on Wednesday, reaching $50.78. The company had a trading volume of 9,012 shares. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 21.72 and a beta of 1.66. HB Fuller has a 12 month low of $41.52 and a 12 month high of $54.32. The stock has a 50 day moving average price of $49.93 and a 200-day moving average price of $47.79.
HB Fuller (NYSE:FUL) last released its earnings results on Wednesday, March 29th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. HB Fuller had a return on equity of 13.71% and a net margin of 5.93%. During the same quarter in the prior year, the firm posted $0.43 EPS. Analysts forecast that HB Fuller will post $2.66 EPS for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Thursday, May 4th. Investors of record on Thursday, April 20th will be issued a $0.15 dividend. This is an increase from HB Fuller’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Tuesday, April 18th. This represents a $0.60 annualized dividend and a dividend yield of 1.18%. HB Fuller’s dividend payout ratio (DPR) is 23.14%.
In related news, VP Robert J. Martsching sold 4,340 shares of the firm’s stock in a transaction that occurred on Tuesday, April 4th. The stock was sold at an average price of $50.20, for a total value of $217,868.00. Following the sale, the vice president now owns 15,092 shares of the company’s stock, valued at approximately $757,618.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Patrick M. Kivits sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $50.00, for a total value of $75,000.00. Following the completion of the sale, the vice president now directly owns 45 shares in the company, valued at approximately $2,250. The disclosure for this sale can be found here. In the last three months, insiders sold 33,289 shares of company stock worth $1,663,164. Company insiders own 3.55% of the company’s stock.
Several hedge funds have recently made changes to their positions in FUL. Elkfork Partners LLC bought a new stake in shares of HB Fuller during the fourth quarter valued at about $129,000. Miles Capital Inc. bought a new stake in shares of HB Fuller during the fourth quarter valued at about $220,000. Chicago Equity Partners LLC bought a new stake in shares of HB Fuller during the third quarter valued at about $323,000. Princeton Alpha Management LP bought a new stake in shares of HB Fuller during the third quarter valued at about $336,000. Finally, A.R.T. Advisors LLC bought a new stake in shares of HB Fuller during the fourth quarter valued at about $362,000. 89.89% of the stock is currently owned by institutional investors and hedge funds.
HB Fuller Company Profile
H.B. Fuller Company is a formulator, manufacturer and marketer of adhesives, sealants and other specialty chemical products. The Company’s segments include Americas Adhesives, Europe, India, Middle East and Africa (EIMEA), Asia Pacific, Construction Products and Engineering Adhesives. The Americas Adhesives, EIMEA and Asia Pacific operating segments produce and supply industrial adhesives products for applications in various markets, including durable assembly, nonwoven and hygiene, and textile.
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