Seaport Res Ptn Equities Analysts Lift Earnings Estimates for H.B. Fuller (NYSE:FUL)

H.B. Fuller (NYSE:FUL) – Equities researchers at Seaport Res Ptn boosted their FY2024 EPS estimates for shares of H.B. Fuller in a report released on Monday, June 24th. Seaport Res Ptn analyst M. Harrison now forecasts that the specialty chemicals company will post earnings per share of $4.26 for the year, up from their previous estimate of $4.25. The consensus estimate for H.B. Fuller’s current full-year earnings is $4.33 per share. Seaport Res Ptn also issued estimates for H.B. Fuller’s Q4 2024 earnings at $1.31 EPS, Q4 2025 earnings at $1.49 EPS and FY2025 earnings at $5.09 EPS.

Several other research firms have also commented on FUL. Robert W. Baird increased their price target on shares of H.B. Fuller from $80.00 to $90.00 and gave the company a “neutral” rating in a research report on Monday, April 1st. Vertical Research began coverage on shares of H.B. Fuller in a report on Tuesday, March 19th. They set a “buy” rating and a $88.00 target price on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $86.20.

H.B. Fuller Trading Up 0.0 %

Shares of H.B. Fuller stock opened at $76.33 on Wednesday. H.B. Fuller has a 52-week low of $63.47 and a 52-week high of $84.31. The company has a quick ratio of 1.23, a current ratio of 1.99 and a debt-to-equity ratio of 1.03. The company’s 50-day simple moving average is $78.01 and its 200-day simple moving average is $78.48. The firm has a market cap of $4.16 billion, a price-to-earnings ratio of 26.05, a price-to-earnings-growth ratio of 1.21 and a beta of 1.48.

H.B. Fuller (NYSE:FUL) last issued its earnings results on Wednesday, June 26th. The specialty chemicals company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.07. H.B. Fuller had a net margin of 4.39% and a return on equity of 12.88%. The firm had revenue of $917.10 million during the quarter, compared to the consensus estimate of $914.22 million. During the same quarter in the previous year, the firm posted $0.93 earnings per share. The company’s revenue was up 2.1% compared to the same quarter last year.

Institutional Trading of H.B. Fuller

A number of institutional investors have recently made changes to their positions in FUL. Luminus Management LLC lifted its stake in H.B. Fuller by 123.9% during the third quarter. Luminus Management LLC now owns 410,351 shares of the specialty chemicals company’s stock valued at $28,154,000 after purchasing an additional 227,055 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its stake in H.B. Fuller by 2,588.7% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 335,119 shares of the specialty chemicals company’s stock valued at $27,282,000 after purchasing an additional 322,655 shares during the last quarter. Kennedy Capital Management LLC lifted its stake in H.B. Fuller by 19.3% during the third quarter. Kennedy Capital Management LLC now owns 82,273 shares of the specialty chemicals company’s stock valued at $5,645,000 after purchasing an additional 13,328 shares during the last quarter. Partners Capital Investment Group LLP acquired a new stake in H.B. Fuller during the fourth quarter valued at approximately $5,598,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of H.B. Fuller by 9.9% during the first quarter. BNP Paribas Financial Markets now owns 45,152 shares of the specialty chemicals company’s stock valued at $3,600,000 after acquiring an additional 4,077 shares during the period. 95.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity at H.B. Fuller

In related news, EVP Zhiwei Cai sold 4,645 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $75.15, for a total transaction of $349,071.75. Following the completion of the sale, the executive vice president now owns 30,663 shares of the company’s stock, valued at approximately $2,304,324.45. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other H.B. Fuller news, EVP Zhiwei Cai sold 4,645 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $75.15, for a total transaction of $349,071.75. Following the completion of the transaction, the executive vice president now directly owns 30,663 shares of the company’s stock, valued at approximately $2,304,324.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP James J. East sold 22,316 shares of the business’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $78.27, for a total transaction of $1,746,673.32. The disclosure for this sale can be found here. Insiders sold a total of 34,253 shares of company stock valued at $2,669,188 in the last quarter. Insiders own 1.96% of the company’s stock.

H.B. Fuller Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 9th. Investors of record on Thursday, April 25th were given a dividend of $0.222 per share. This represents a $0.89 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Wednesday, April 24th. This is an increase from H.B. Fuller’s previous quarterly dividend of $0.21. H.B. Fuller’s dividend payout ratio is currently 30.38%.

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.