HB Fuller Co (NYSE:FUL) – Stock analysts at Seaport Global Securities boosted their Q1 2021 earnings estimates for HB Fuller in a research note issued on Friday, June 26th. Seaport Global Securities analyst M. Harrison now expects that the specialty chemicals company will post earnings per share of $0.55 for the quarter, up from their previous estimate of $0.53.
HB Fuller (NYSE:FUL) last released its earnings results on Wednesday, June 24th. The specialty chemicals company reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.13. HB Fuller had a net margin of 4.43% and a return on equity of 11.89%. The firm had revenue of $675.00 million during the quarter, compared to analyst estimates of $664.28 million. During the same quarter in the previous year, the business earned $0.88 EPS. The business’s revenue was down 11.2% on a year-over-year basis.
A number of other brokerages have also commented on FUL. Stifel Nicolaus restated a “buy” rating and set a $54.00 price objective on shares of HB Fuller in a report on Friday. Zacks Investment Research lowered shares of HB Fuller from a “hold” rating to a “sell” rating in a report on Wednesday, June 24th. Deutsche Bank raised their price objective on shares of HB Fuller from $31.00 to $45.00 and gave the stock a “hold” rating in a report on Friday. Robert W. Baird raised their target price on shares of HB Fuller from $35.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday. Finally, TheStreet downgraded shares of HB Fuller from a “b-” rating to a “c+” rating in a research report on Thursday, March 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. HB Fuller currently has a consensus rating of “Hold” and an average price target of $48.43.
FUL opened at $42.50 on Monday. The company’s 50 day simple moving average is $39.01 and its 200-day simple moving average is $40.61. HB Fuller has a one year low of $23.68 and a one year high of $52.40. The stock has a market capitalization of $2.19 billion, a P/E ratio of 17.86, a price-to-earnings-growth ratio of 2.48 and a beta of 1.81. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.89 and a quick ratio of 1.19.
Several institutional investors and hedge funds have recently made changes to their positions in FUL. Norges Bank bought a new position in shares of HB Fuller in the 4th quarter valued at about $46,919,000. P2 Capital Partners LLC grew its position in shares of HB Fuller by 18.4% in the 1st quarter. P2 Capital Partners LLC now owns 1,661,031 shares of the specialty chemicals company’s stock valued at $46,393,000 after acquiring an additional 257,699 shares during the period. Goldman Sachs Group Inc. grew its position in shares of HB Fuller by 28.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 917,509 shares of the specialty chemicals company’s stock valued at $47,316,000 after acquiring an additional 203,776 shares during the period. Morgan Stanley boosted its holdings in shares of HB Fuller by 41.1% during the 1st quarter. Morgan Stanley now owns 548,168 shares of the specialty chemicals company’s stock worth $15,310,000 after buying an additional 159,540 shares during the period. Finally, Macquarie Group Ltd. boosted its holdings in shares of HB Fuller by 10.2% during the 4th quarter. Macquarie Group Ltd. now owns 1,586,042 shares of the specialty chemicals company’s stock worth $81,792,000 after buying an additional 147,000 shares during the period. 96.71% of the stock is owned by institutional investors.
HB Fuller Company Profile
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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