H. B. Fuller (NYSE:FUL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of H. B. Fuller (NYSE:FUL) from a hold rating to a buy rating in a research report released on Sunday morning.

A number of other brokerages have also recently issued reports on FUL. Citigroup upgraded H. B. Fuller from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $62.00 to $70.00 in a report on Wednesday, October 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of H. B. Fuller in a research note on Tuesday, November 11th. Finally, Seaport Res Ptn upgraded H. B. Fuller from a “hold” rating to a “strong-buy” rating in a report on Friday, September 26th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, H. B. Fuller has an average rating of “Moderate Buy” and a consensus target price of $67.75.

H. B. Fuller Stock Down 0.4%

NYSE FUL opened at $56.05 on Friday. H. B. Fuller has a 12 month low of $47.56 and a 12 month high of $78.68. The company has a market capitalization of $3.03 billion, a P/E ratio of 30.30, a PEG ratio of 1.05 and a beta of 1.13. The company’s 50 day simple moving average is $59.08 and its 200 day simple moving average is $58.50. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.93 and a quick ratio of 1.18.

H. B. Fuller (NYSE:FUL) last issued its earnings results on Wednesday, April 13th. The specialty chemicals company reported $0.66 earnings per share for the quarter. The firm had revenue of $725.90 million during the quarter. H. B. Fuller had a net margin of 3.28% and a return on equity of 11.49%. H. B. Fuller has set its FY 2022 guidance at $4.100-$4.350 EPS. Equities research analysts expect that H. B. Fuller will post 4.07 earnings per share for the current fiscal year.

H. B. Fuller Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 30th. Investors of record on Thursday, October 16th were paid a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Thursday, October 16th. H. B. Fuller’s dividend payout ratio is currently 50.81%.

Insider Transactions at H. B. Fuller

In other H. B. Fuller news, VP Nathan D. Weaver sold 7,075 shares of H. B. Fuller stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $58.38, for a total transaction of $413,038.50. Following the transaction, the vice president owned 9,441 shares of the company’s stock, valued at $551,165.58. The trade was a 42.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO John J. Corkrean sold 14,222 shares of the stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $60.31, for a total transaction of $857,728.82. Following the completion of the sale, the chief financial officer directly owned 54,646 shares of the company’s stock, valued at $3,295,700.26. This trade represents a 20.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.99% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FUL. Partners Capital Investment Group LLP lifted its position in shares of H. B. Fuller by 90.3% in the first quarter. Partners Capital Investment Group LLP now owns 64,901 shares of the specialty chemicals company’s stock worth $3,642,000 after buying an additional 30,805 shares during the last quarter. Entropy Technologies LP acquired a new position in shares of H. B. Fuller during the 1st quarter valued at about $581,000. Neo Ivy Capital Management bought a new position in shares of H. B. Fuller in the 1st quarter valued at approximately $990,000. Vanguard Personalized Indexing Management LLC lifted its holdings in H. B. Fuller by 12.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,904 shares of the specialty chemicals company’s stock worth $596,000 after purchasing an additional 1,077 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its holdings in H. B. Fuller by 19.1% in the 2nd quarter. QRG Capital Management Inc. now owns 8,147 shares of the specialty chemicals company’s stock worth $490,000 after purchasing an additional 1,309 shares during the last quarter. Institutional investors own 95.93% of the company’s stock.

About H. B. Fuller

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products. It operates through three segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Construction Adhesives.