Citigroup Increases HB Fuller (NYSE:FUL) Price Target to $60.00

HB Fuller (NYSE:FUL) had its price objective lifted by Citigroup from $57.50 to $60.00 in a research report released on Thursday, January 25th. The brokerage currently has a neutral rating on the specialty chemicals company’s stock.

Several other research analysts have also weighed in on FUL. Zacks Investment Research upgraded shares of HB Fuller from a sell rating to a hold rating in a research note on Wednesday, October 11th. ValuEngine lowered shares of HB Fuller from a buy rating to a hold rating in a research note on Friday, November 10th. Deutsche Bank upgraded shares of HB Fuller from a hold rating to a buy rating and raised their target price for the company from $60.00 to $62.00 in a research note on Thursday, January 25th. Finally, Seaport Global Securities upgraded shares of HB Fuller from a neutral rating to a buy rating and raised their target price for the company from $63.00 to $66.00 in a research note on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $61.50.

Shares of HB Fuller (NYSE:FUL) opened at $49.88 on Thursday. HB Fuller has a one year low of $47.36 and a one year high of $58.74. The firm has a market cap of $2,470.85, a P/E ratio of 44.14, a PEG ratio of 1.03 and a beta of 1.57. The company has a quick ratio of 1.56, a current ratio of 2.27 and a debt-to-equity ratio of 2.30.

HB Fuller (NYSE:FUL) last issued its quarterly earnings results on Tuesday, January 23rd. The specialty chemicals company reported $0.75 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by ($0.09). The firm had revenue of $678.20 million during the quarter, compared to analysts’ expectations of $613.58 million. HB Fuller had a net margin of 2.53% and a return on equity of 12.83%. research analysts anticipate that HB Fuller will post 3.2 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date is Wednesday, January 31st. HB Fuller’s dividend payout ratio (DPR) is currently 53.10%.

Several institutional investors have recently made changes to their positions in FUL. Wells Fargo & Company MN increased its position in shares of HB Fuller by 8.2% during the 2nd quarter. Wells Fargo & Company MN now owns 92,703 shares of the specialty chemicals company’s stock worth $4,737,000 after purchasing an additional 7,030 shares in the last quarter. Riverhead Capital Management LLC increased its position in shares of HB Fuller by 42.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,996 shares of the specialty chemicals company’s stock worth $102,000 after purchasing an additional 596 shares in the last quarter. Teachers Advisors LLC increased its position in shares of HB Fuller by 5.7% during the 2nd quarter. Teachers Advisors LLC now owns 111,033 shares of the specialty chemicals company’s stock worth $5,675,000 after purchasing an additional 6,010 shares in the last quarter. BlackRock Inc. increased its position in HB Fuller by 0.6% in the 2nd quarter. BlackRock Inc. now owns 6,252,664 shares of the specialty chemicals company’s stock valued at $319,575,000 after acquiring an additional 34,858 shares in the last quarter. Finally, Amalgamated Bank increased its position in HB Fuller by 4.4% in the 2nd quarter. Amalgamated Bank now owns 6,927 shares of the specialty chemicals company’s stock valued at $354,000 after acquiring an additional 295 shares in the last quarter. Institutional investors and hedge funds own 92.30% 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.

Analyst Recommendations for HB Fuller (NYSE:FUL)

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