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

H.B. Fuller (NYSE:FULGet Rating) – Investment analysts at Seaport Res Ptn cut their FY2022 earnings per share estimates for shares of H.B. Fuller in a report issued on Wednesday, September 14th. Seaport Res Ptn analyst M. Harrison now forecasts that the specialty chemicals company will post earnings of $4.13 per share for the year, down from their prior estimate of $4.26. The consensus estimate for H.B. Fuller’s current full-year earnings is $4.22 per share.

Several other equities research analysts have also commented on FUL. JPMorgan Chase & Co. lowered H.B. Fuller from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $70.00 to $52.00 in a research note on Friday, June 24th. Deutsche Bank Aktiengesellschaft decreased their price target on H.B. Fuller from $85.00 to $72.00 and set a “buy” rating on the stock in a research note on Friday, June 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $71.00.

H.B. Fuller Price Performance

Shares of NYSE:FUL opened at $59.80 on Monday. The business’s 50 day simple moving average is $64.62 and its 200-day simple moving average is $65.81. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of 18.07 and a beta of 1.54. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.95 and a quick ratio of 1.20. H.B. Fuller has a 12 month low of $57.36 and a 12 month high of $81.73.

H.B. Fuller (NYSE:FULGet Rating) last announced its quarterly earnings data on Wednesday, June 22nd. The specialty chemicals company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.04. The company had revenue of $993.26 million for the quarter, compared to analyst estimates of $965.21 million. H.B. Fuller had a return on equity of 12.95% and a net margin of 5.09%. During the same quarter in the previous year, the company earned $0.94 EPS.

H.B. Fuller Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 28th. Investors of record on Thursday, July 14th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date was Wednesday, July 13th. H.B. Fuller’s payout ratio is currently 22.96%.

Insider Activity at H.B. Fuller

In related news, VP Nathan D. Weaver sold 5,326 shares of the company’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $66.91, for a total value of $356,362.66. Following the sale, the vice president now owns 3,354 shares of the company’s stock, valued at approximately $224,416.14. The transaction was disclosed in a filing with the SEC, which is available through this link. In other H.B. Fuller news, VP Nathan D. Weaver sold 5,326 shares of the business’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $66.91, for a total value of $356,362.66. Following the completion of the transaction, the vice president now directly owns 3,354 shares in the company, valued at approximately $224,416.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Nathan D. Weaver sold 5,988 shares of the business’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $62.82, for a total value of $376,166.16. Following the completion of the transaction, the vice president now owns 3,766 shares of the company’s stock, valued at $236,580.12. The disclosure for this sale can be found here. 4.69% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Mutual of America Capital Management LLC increased its holdings in shares of H.B. Fuller by 6.0% during the 1st quarter. Mutual of America Capital Management LLC now owns 7,613 shares of the specialty chemicals company’s stock worth $503,000 after buying an additional 434 shares during the last quarter. Cooke & Bieler LP increased its holdings in shares of H.B. Fuller by 12.2% during the 1st quarter. Cooke & Bieler LP now owns 791,093 shares of the specialty chemicals company’s stock worth $52,268,000 after buying an additional 86,025 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of H.B. Fuller by 40.5% during the 1st quarter. Russell Investments Group Ltd. now owns 5,598 shares of the specialty chemicals company’s stock worth $369,000 after buying an additional 1,613 shares during the last quarter. Castleview Partners LLC acquired a new stake in shares of H.B. Fuller during the 4th quarter worth $127,000. Finally, Geode Capital Management LLC increased its holdings in shares of H.B. Fuller by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 872,252 shares of the specialty chemicals company’s stock worth $70,652,000 after buying an additional 41,376 shares during the last quarter. 96.38% of the stock is currently owned by institutional investors and hedge funds.

About H.B. Fuller

(Get Rating)

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products worldwide. The company operates through three segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Construction Adhesives.

See Also

Earnings History and Estimates for H.B. Fuller (NYSE:FUL)

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