H. B. Fuller Company (NYSE:FUL) Given Consensus Recommendation of “Moderate Buy” by Analysts

H. B. Fuller Company (NYSE:FUL) has been assigned an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, three have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $67.75.

FUL has been the topic of several recent analyst reports. Wall Street Zen raised H. B. Fuller from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of H. B. Fuller in a research note on Tuesday, October 14th. Seaport Res Ptn raised H. B. Fuller from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 26th. Finally, Citigroup raised H. B. Fuller from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $62.00 to $70.00 in a research note on Wednesday.

Insider Buying and Selling at H. B. Fuller

In related news, VP Joao Magalhaes sold 1,099 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $56.31, for a total transaction of $61,884.69. Following the sale, the vice president owned 3,285 shares in the company, valued at approximately $184,978.35. This represents a 25.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.99% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC raised its stake in shares of H. B. Fuller by 1.0% in the third quarter. Nisa Investment Advisors LLC now owns 24,867 shares of the specialty chemicals company’s stock valued at $1,474,000 after acquiring an additional 251 shares during the period. Peregrine Capital Management LLC purchased a new stake in shares of H. B. Fuller in the third quarter valued at $5,128,000. Hennion & Walsh Asset Management Inc. raised its stake in shares of H. B. Fuller by 14.8% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 5,782 shares of the specialty chemicals company’s stock valued at $343,000 after acquiring an additional 744 shares during the period. Davidson Investment Advisors raised its stake in shares of H. B. Fuller by 4.2% in the third quarter. Davidson Investment Advisors now owns 215,554 shares of the specialty chemicals company’s stock valued at $12,778,000 after acquiring an additional 8,748 shares during the period. Finally, Salomon & Ludwin LLC purchased a new stake in shares of H. B. Fuller in the third quarter valued at $28,000. Institutional investors own 95.93% of the company’s stock.

H. B. Fuller Stock Up 1.5%

Shares of FUL opened at $61.47 on Friday. The business’s 50 day moving average is $60.12 and its 200 day moving average is $57.98. The company has a market capitalization of $3.32 billion, a PE ratio of 33.22, a price-to-earnings-growth ratio of 1.11 and a beta of 1.12. H. B. Fuller has a 12-month low of $47.56 and a 12-month high of $80.15. The company has a current ratio of 1.93, a quick ratio of 1.18 and a debt-to-equity ratio of 1.06.

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

H. B. Fuller Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Thursday, October 16th will be paid a $0.235 dividend. The ex-dividend date of this dividend is Thursday, October 16th. This represents a $0.94 dividend on an annualized basis and a yield of 1.5%. H. B. Fuller’s payout ratio is presently 50.81%.

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.