H. B. Fuller Co. (FUL) Upgraded to “Hold” at Zacks Investment Research
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. “
FUL has been the topic of several other reports. Deutsche Bank AG decreased their target price on shares of H. B. Fuller from $50.00 to $47.00 and set a hold rating on the stock in a research report on Friday, September 23rd. Citigroup Inc. began coverage on shares of H. B. Fuller in a research report on Thursday, September 29th. They issued a buy rating and a $53.00 target price on the stock. Finally, Seaport Global Securities raised shares of H. B. Fuller from an accumulate rating to a buy rating and raised their target price for the stock from $50.00 to $51.00 in a research report on Monday, September 26th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of Hold and an average price target of $50.00.
Shares of H. B. Fuller (NYSE:FUL) opened at 48.50 on Tuesday. H. B. Fuller has a 12 month low of $32.49 and a 12 month high of $49.10. The firm has a 50 day moving average of $45.03 and a 200-day moving average of $45.79. The stock has a market capitalization of $2.44 billion, a P/E ratio of 22.56 and a beta of 1.71.
H. B. Fuller (NYSE:FUL) last released its quarterly earnings results on Wednesday, September 21st. The company reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by $0.03. H. B. Fuller had a return on equity of 13.66% and a net margin of 5.32%. During the same quarter last year, the firm earned $0.61 EPS. Analysts forecast that H. B. Fuller will post $2.48 earnings per share for the current year.
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The firm also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Thursday, October 27th were given a dividend of $0.14 per share. The ex-dividend date was Tuesday, October 25th. This represents a $0.56 dividend on an annualized basis and a yield of 1.15%. H. B. Fuller’s dividend payout ratio (DPR) is 26.05%.
In other H. B. Fuller news, VP James R. Giertz sold 25,000 shares of H. B. Fuller stock in a transaction that occurred on Tuesday, September 27th. The shares were sold at an average price of $45.79, for a total transaction of $1,144,750.00. Following the transaction, the vice president now directly owns 108,121 shares of the company’s stock, valued at $4,950,860.59. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Timothy J. Keenan sold 8,236 shares of H. B. Fuller stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $44.98, for a total transaction of $370,455.28. Following the transaction, the vice president now directly owns 29,027 shares in the company, valued at $1,305,634.46. The disclosure for this sale can be found here. Company insiders own 3.55% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Capstone Asset Management Co. boosted its position in shares of H. B. Fuller by 1.4% in the second quarter. Capstone Asset Management Co. now owns 16,526 shares of the company’s stock worth $727,000 after buying an additional 230 shares during the period. Quantbot Technologies LP raised its stake in H. B. Fuller by 184.3% in the second quarter. Quantbot Technologies LP now owns 12,587 shares of the company’s stock worth $553,000 after buying an additional 8,160 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in H. B. Fuller by 8.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,790,936 shares of the company’s stock worth $78,781,000 after buying an additional 144,249 shares in the last quarter. First Trust Advisors LP raised its stake in H. B. Fuller by 43.6% in the second quarter. First Trust Advisors LP now owns 15,891 shares of the company’s stock worth $699,000 after buying an additional 4,821 shares in the last quarter. Finally, Crawford Investment Counsel Inc. raised its stake in H. B. Fuller by 4.5% in the second quarter. Crawford Investment Counsel Inc. now owns 35,150 shares of the company’s stock worth $1,546,000 after buying an additional 1,500 shares in the last quarter. 89.77% of the stock is currently owned by hedge funds and other institutional investors.
About H. B. Fuller
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, and Construction Products. The Americas Adhesives segment includes a range of specialty adhesives, such as thermoplastic, thermoset, reactive, and water-based and solvent-based products.
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