KeyCorp Weighs in on HB Fuller Co’s Q2 2017 Earnings (FUL)

HB Fuller Co (NYSE:FUL) – Equities researchers at KeyCorp dropped their Q2 2017 EPS estimates for HB Fuller in a note issued to investors on Tuesday, Zacks Investment Research reports. KeyCorp analyst M. Sison now forecasts that the specialty chemicals company will post earnings per share of $0.66 for the quarter, down from their previous estimate of $0.68. KeyCorp also issued estimates for HB Fuller’s Q3 2017 earnings at $0.73 EPS, Q4 2017 earnings at $0.74 EPS and FY2017 earnings at $2.60 EPS.

HB Fuller (NYSE:FUL) last posted its earnings results on Wednesday, March 29th. The specialty chemicals company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The company earned $503.32 million during the quarter, compared to analyst estimates of $485.17 million. HB Fuller had a return on equity of 13.71% and a net margin of 5.93%. During the same quarter in the prior year, the business earned $0.43 earnings per share.

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Earnings History and Estimates for HB Fuller (NYSE:FUL)

A number of other equities research analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of HB Fuller from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research report on Wednesday, April 5th. Citigroup Inc boosted their price target on shares of HB Fuller from $55.00 to $59.00 and gave the company a “buy” rating in a research report on Tuesday, April 4th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. HB Fuller presently has a consensus rating of “Hold” and an average price target of $52.40.

Shares of HB Fuller (NYSE:FUL) opened at 50.73 on Wednesday. The firm’s 50-day moving average price is $50.66 and its 200-day moving average price is $48.35. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of 21.70 and a beta of 1.66. HB Fuller has a 12-month low of $41.52 and a 12-month high of $54.32.

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 4th. Investors of record on Thursday, April 20th will be given a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, April 18th. This is a boost from HB Fuller’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 1.18%. HB Fuller’s payout ratio is 23.14%.

In other HB Fuller news, VP Traci L. Jensen sold 16,305 shares of HB Fuller stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $48.82, for a total value of $796,010.10. Following the transaction, the vice president now directly owns 39,087 shares in the company, valued at $1,908,227.34. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Patrick M. Kivits sold 1,500 shares of HB Fuller stock in a transaction on Monday, February 13th. The shares were sold at an average price of $50.00, for a total transaction of $75,000.00. Following the completion of the transaction, the vice president now owns 45 shares in the company, valued at $2,250. The disclosure for this sale can be found here. Over the last three months, insiders sold 34,132 shares of company stock valued at $1,705,760. 3.55% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Investment Management LLC raised its position in HB Fuller by 0.6% in the third quarter. BlackRock Investment Management LLC now owns 210,172 shares of the specialty chemicals company’s stock worth $9,767,000 after buying an additional 1,291 shares in the last quarter. BlackRock Advisors LLC raised its position in HB Fuller by 9.6% in the third quarter. BlackRock Advisors LLC now owns 25,710 shares of the specialty chemicals company’s stock worth $1,195,000 after buying an additional 2,261 shares in the last quarter. Ngam Advisors L.P. raised its position in HB Fuller by 6.1% in the third quarter. Ngam Advisors L.P. now owns 20,973 shares of the specialty chemicals company’s stock worth $975,000 after buying an additional 1,197 shares in the last quarter. JPMorgan Chase & Co. raised its position in HB Fuller by 36.1% in the third quarter. JPMorgan Chase & Co. now owns 74,106 shares of the specialty chemicals company’s stock worth $3,443,000 after buying an additional 19,641 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its position in HB Fuller by 3.0% in the third quarter. UBS Asset Management Americas Inc. now owns 56,115 shares of the specialty chemicals company’s stock worth $2,608,000 after buying an additional 1,658 shares in the last quarter. Institutional investors own 89.89% of the company’s stock.

HB Fuller Company Profile

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, Construction Products and Engineering Adhesives. The Americas Adhesives, EIMEA and Asia Pacific operating segments produce and supply industrial adhesives products for applications in various markets, including durable assembly, nonwoven and hygiene, and textile.

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