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 report published on Sunday.

Several other research firms also recently weighed in on FUL. Vertical Research raised H. B. Fuller from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 27th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of H. B. Fuller in a research report on Friday, January 16th. Citigroup dropped their price objective on shares of H. B. Fuller from $76.00 to $67.00 and set a “buy” rating for the company in a report on Thursday, March 19th. UBS Group cut their target price on shares of H. B. Fuller from $66.00 to $63.00 and set a “neutral” rating on the stock in a research note on Friday, March 27th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of H. B. Fuller in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $65.50.

H. B. Fuller Trading Up 3.7%

FUL opened at $61.61 on Friday. H. B. Fuller has a 52 week low of $47.56 and a 52 week high of $68.63. The company has a quick ratio of 1.15, a current ratio of 1.92 and a debt-to-equity ratio of 1.01. The business has a fifty day simple moving average of $61.08 and a 200-day simple moving average of $60.02. The firm has a market cap of $3.36 billion, a P/E ratio of 20.54, a P/E/G ratio of 0.89 and a beta of 1.07.

H. B. Fuller (NYSE:FUL) last posted its quarterly earnings data on Wednesday, March 25th. The specialty chemicals company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.01. H. B. Fuller had a return on equity of 11.84% and a net margin of 4.62%.The firm had revenue of $770.84 million for the quarter, compared to the consensus estimate of $787.77 million. During the same quarter in the previous year, the business earned $0.54 EPS. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. On average, equities analysts expect that H. B. Fuller will post 4.07 earnings per share for the current year.

H. B. Fuller Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Thursday, February 5th were paid a dividend of $0.235 per share. The ex-dividend date was Thursday, February 5th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.5%. H. B. Fuller’s payout ratio is presently 31.33%.

Institutional Trading of H. B. Fuller

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank acquired a new position in shares of H. B. Fuller during the 4th quarter worth about $44,203,000. Cooke & Bieler LP raised its position in shares of H. B. Fuller by 94.9% during the 3rd quarter. Cooke & Bieler LP now owns 1,481,030 shares of the specialty chemicals company’s stock worth $87,795,000 after acquiring an additional 721,100 shares in the last quarter. UBS Group AG raised its position in shares of H. B. Fuller by 200.8% during the 3rd quarter. UBS Group AG now owns 820,871 shares of the specialty chemicals company’s stock worth $48,661,000 after acquiring an additional 548,017 shares in the last quarter. Verition Fund Management LLC lifted its stake in H. B. Fuller by 1,379.5% during the fourth quarter. Verition Fund Management LLC now owns 383,955 shares of the specialty chemicals company’s stock worth $22,830,000 after purchasing an additional 358,003 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in H. B. Fuller by 52.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 820,255 shares of the specialty chemicals company’s stock worth $48,772,000 after purchasing an additional 281,707 shares during the last quarter. 95.93% of the stock is currently owned by institutional investors and hedge funds.

About H. B. Fuller

H. B. Fuller Company, founded in 1887 and headquartered in St. Paul, Minnesota, is a global adhesives and specialty chemical solutions provider serving a wide array of industries. The company develops, manufactures and markets adhesive technologies, sealants, polymers and related chemical products designed to enhance product performance, sustainability and manufacturing efficiency.

Fuller’s product portfolio spans multiple market segments, including packaging and converting, general industrial assembly, electronics, transportation, hygiene and construction.