Brokerages Set H.B. Fuller (NYSE:FUL) Target Price at $86.20

H.B. Fuller (NYSE:FUL) has earned an average rating of “Moderate Buy” from the four ratings firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $92.75.

A number of research analysts have issued reports on the company. Robert W. Baird boosted their price target on H.B. Fuller from $80.00 to $90.00 and gave the stock a “neutral” rating in a research report on Monday, April 1st. Vertical Research began coverage on H.B. Fuller in a report on Tuesday, March 19th. They issued a “buy” rating and a $88.00 price target on the stock.

H.B. Fuller Price Performance

Shares of FUL opened at $76.20 on Thursday. H.B. Fuller has a 12 month low of $64.64 and a 12 month high of $84.31. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.89 and a quick ratio of 1.16. The stock has a fifty day moving average price of $78.04 and a 200 day moving average price of $78.37. The company has a market cap of $4.15 billion, a P/E ratio of 26.01, a PEG ratio of 1.21 and a beta of 1.44.

H.B. Fuller (NYSE:FUL) last released its quarterly earnings data on Thursday, June 27th. The specialty chemicals company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.09. The business had revenue of $917.10 million for the quarter, compared to analysts’ expectations of $914.22 million. H.B. Fuller had a net margin of 4.67% and a return on equity of 13.33%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.93 EPS. On average, research analysts forecast that H.B. Fuller will post 4.35 earnings per share for the current year.

H.B. Fuller Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 9th. Stockholders of record on Thursday, April 25th were issued a $0.222 dividend. This is an increase from H.B. Fuller’s previous quarterly dividend of $0.21. The ex-dividend date was Wednesday, April 24th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 1.17%. H.B. Fuller’s dividend payout ratio is currently 30.38%.

Insider Activity at H.B. Fuller

In other H.B. Fuller news, EVP James J. East sold 22,316 shares of the stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $78.27, for a total value of $1,746,673.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP James J. East sold 22,316 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $78.27, for a total transaction of $1,746,673.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Nathan D. Weaver sold 7,292 shares of the company’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $78.64, for a total value of $573,442.88. Following the completion of the transaction, the vice president now directly owns 4,803 shares in the company, valued at $377,707.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,253 shares of company stock valued at $2,669,188. Corporate insiders own 1.96% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Central Pacific Bank Trust Division acquired a new position in H.B. Fuller in the 1st quarter worth about $79,000. Arlington Trust Co LLC acquired a new position in H.B. Fuller in the 4th quarter worth about $134,000. Security National Bank of SO Dak acquired a new position in H.B. Fuller in the 4th quarter worth about $236,000. Wesbanco Bank Inc. increased its holdings in shares of H.B. Fuller by 90.2% during the 3rd quarter. Wesbanco Bank Inc. now owns 9,700 shares of the specialty chemicals company’s stock valued at $666,000 after acquiring an additional 4,600 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of H.B. Fuller during the 4th quarter valued at about $738,000. 95.93% of the stock is owned by institutional investors and hedge funds.

H.B. Fuller Company Profile

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.