Shares of HB Fuller Co (NYSE:FUL) have been given an average rating of “Hold” by the ten brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $61.50.
A number of brokerages have weighed in on FUL. Seaport Global Securities upgraded shares of HB Fuller from a “neutral” rating to a “buy” rating and boosted their target price for the company from $63.00 to $66.00 in a research note on Thursday, January 25th. Deutsche Bank upgraded shares of HB Fuller from a “hold” rating to a “buy” rating and boosted their target price for the company from $60.00 to $62.00 in a research note on Thursday, January 25th. JPMorgan Chase & Co. upgraded shares of HB Fuller from a “neutral” rating to an “overweight” rating in a research note on Friday, February 9th. ValuEngine lowered shares of HB Fuller from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Finally, Zacks Investment Research upgraded shares of HB Fuller from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research note on Tuesday, January 30th.
HB Fuller (NYSE:FUL) traded down $0.09 during mid-day trading on Friday, reaching $51.60. The company had a trading volume of 479,286 shares, compared to its average volume of 512,577. The company has a market cap of $2,606.50, a PE ratio of 45.96, a PEG ratio of 1.09 and a beta of 1.57. HB Fuller has a fifty-two week low of $47.36 and a fifty-two week high of $58.74. The company has a debt-to-equity ratio of 2.30, a current ratio of 2.27 and a quick ratio of 1.56.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, January 31st. This represents a $0.60 annualized dividend and a dividend yield of 1.16%. HB Fuller’s dividend payout ratio (DPR) is 53.10%.
Several large investors have recently bought and sold shares of FUL. Zions Bancorporation purchased a new stake in shares of HB Fuller in the 3rd quarter worth $156,000. Public Employees Retirement System of Ohio increased its stake in shares of HB Fuller by 5.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,339 shares of the specialty chemicals company’s stock worth $171,000 after purchasing an additional 172 shares in the last quarter. Reynders McVeigh Capital Management LLC purchased a new stake in shares of HB Fuller in the 3rd quarter worth $203,000. Koch Industries Inc. purchased a new stake in shares of HB Fuller in the 4th quarter worth $205,000. Finally, Murphy Pohlad Asset Management LLC purchased a new stake in shares of HB Fuller in the 3rd quarter worth $216,000. Hedge funds and other institutional investors own 94.76% of the company’s stock.
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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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