HB Fuller (NYSE:FUL) Lifted to Hold at Zacks Investment Research
According to Zacks, “H.B. Fuller has been a leading global adhesives provider focusing on perfecting adhesives, sealants and other specialty chemical products to improve products and lives. H.B. Fuller’s commitment to innovation brings together people, products and processes that answer and solve some of the world’s biggest challenges. H.B. Fuller adhesives products used in manufacturing common consumer and industrial goods, including food and beverage containers, disposable diapers, windows, doors, flooring, appliances, sportswear, footwear, multi-wall bags, water filtration products, insulation, textiles, automotives, solar energy systems and electronics. H.B. Fuller also provides customers with technical support and unique solutions designed to address their specific needs. H.B. Fuller has established a variety of product offerings for residential construction markets, such as tile-setting adhesives, grout, sealants and related products. “
FUL has been the subject of a number of other reports. JPMorgan Chase & Co. reduced their target price on shares of HB Fuller from $51.00 to $46.00 and set a neutral rating for the company in a report on Friday, June 28th. TheStreet raised shares of HB Fuller from a c+ rating to a b- rating in a report on Tuesday, July 23rd. Finally, ValuEngine raised shares of HB Fuller from a sell rating to a hold rating in a report on Friday, June 28th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. HB Fuller presently has a consensus rating of Hold and an average target price of $55.60.
HB Fuller (NYSE:FUL) last announced its earnings results on Wednesday, June 26th. The specialty chemicals company reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.01). HB Fuller had a net margin of 4.31% and a return on equity of 13.38%. The business had revenue of $759.60 million during the quarter, compared to analysts’ expectations of $779.07 million. During the same period in the previous year, the company posted $0.89 earnings per share. HB Fuller’s quarterly revenue was down 3.8% on a year-over-year basis. As a group, research analysts forecast that HB Fuller will post 3.16 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Tuesday, July 30th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, July 29th. This represents a $0.64 annualized dividend and a yield of 1.51%. HB Fuller’s dividend payout ratio is currently 21.33%.
In related news, VP Timothy J. Keenan sold 7,500 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $48.82, for a total transaction of $366,150.00. Following the completion of the transaction, the vice president now directly owns 27,742 shares of the company’s stock, valued at $1,354,364.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.46% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of FUL. Icon Wealth Partners LLC acquired a new position in HB Fuller during the first quarter worth about $27,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in HB Fuller during the second quarter worth about $46,000. Investors Research Corp acquired a new position in HB Fuller during the first quarter worth about $58,000. Stonebridge Capital Advisors LLC acquired a new position in HB Fuller during the second quarter worth about $60,000. Finally, Strs Ohio grew its position in HB Fuller by 92.3% during the first quarter. Strs Ohio now owns 2,500 shares of the specialty chemicals company’s stock worth $121,000 after buying an additional 1,200 shares during the period. 98.30% of the stock is owned by hedge funds and other institutional investors.
About HB Fuller
H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, and other specialty chemical products worldwide. The company operates through five segments: Americas Adhesives, EIMEA, Asia Pacific, Construction Adhesives, and Engineering Adhesives.
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