HB Fuller Co (NYSE:FUL) – Analysts at KeyCorp reduced their Q3 2019 EPS estimates for HB Fuller in a research note issued to investors on Thursday, April 11th. KeyCorp analyst M. Sison now anticipates that the specialty chemicals company will post earnings of $0.98 per share for the quarter, down from their prior forecast of $0.99. KeyCorp also issued estimates for HB Fuller’s Q4 2019 earnings at $1.03 EPS.
A number of other research firms also recently weighed in on FUL. ValuEngine upgraded HB Fuller from a “sell” rating to a “hold” rating in a report on Tuesday, January 22nd. Deutsche Bank downgraded HB Fuller from a “buy” rating to a “hold” rating and set a $50.00 target price on the stock. in a report on Tuesday, February 5th. Zacks Investment Research downgraded HB Fuller from a “hold” rating to a “sell” rating in a report on Thursday, January 24th. Finally, JPMorgan Chase & Co. downgraded HB Fuller from an “overweight” rating to a “neutral” rating and set a $50.79 target price on the stock. in a report on Tuesday, April 9th. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $57.97.
HB Fuller (NYSE:FUL) last posted its earnings results on Wednesday, March 27th. The specialty chemicals company reported $0.34 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.34. HB Fuller had a return on equity of 13.53% and a net margin of 4.52%. The firm had revenue of $673.00 million for the quarter, compared to the consensus estimate of $697.64 million. The company’s revenue for the quarter was down 5.6% compared to the same quarter last year.
Several institutional investors and hedge funds have recently modified their holdings of the company. Pennsylvania Trust Co bought a new stake in shares of HB Fuller in the 1st quarter worth approximately $1,563,000. Sciencast Management LP bought a new position in HB Fuller in the 1st quarter valued at approximately $313,000. Geode Capital Management LLC lifted its position in HB Fuller by 9.9% in the 4th quarter. Geode Capital Management LLC now owns 532,754 shares of the specialty chemicals company’s stock valued at $22,732,000 after acquiring an additional 48,148 shares in the last quarter. Norges Bank bought a new position in HB Fuller in the 4th quarter valued at approximately $21,034,000. Finally, Actinver Wealth Management Inc. bought a new position in HB Fuller in the 4th quarter valued at approximately $964,000. 99.25% of the stock is currently owned by hedge funds and other institutional investors.
In other news, VP Heather Campe sold 11,457 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $50.36, for a total value of $576,974.52. Following the sale, the vice president now directly owns 20,644 shares of the company’s stock, valued at approximately $1,039,631.84. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Robert J. Martsching sold 3,215 shares of the business’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $48.86, for a total value of $157,084.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,877 shares of company stock worth $1,372,125. Insiders own 3.46% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 2nd. Stockholders of record on Thursday, April 18th will be given a $0.16 dividend. This is a boost from HB Fuller’s previous quarterly dividend of $0.16. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Wednesday, April 17th. HB Fuller’s payout ratio is currently 20.67%.
About HB Fuller
H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, and other specialty chemical products worldwide. The company operates through five segments: Americas Adhesives, EIMEA, Asia Pacific, Construction Adhesives, and Engineering Adhesives.
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