H. B. Fuller Co. (NYSE:FUL) updated its FY17 earnings guidance on Thursday. The company provided EPS guidance of $2.57-2.77 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.75. The company issued revenue guidance of +~$2.12 billion, compared to the consensus revenue estimate of $2.11 billion.
Several research firms have weighed in on FUL. Zacks Investment Research cut H. B. Fuller from a buy rating to a hold rating in a report on Tuesday, December 13th. Seaport Global Securities cut H. B. Fuller from an accumulate rating to a neutral rating in a report on Monday, December 12th. JPMorgan Chase & Co. cut H. B. Fuller from an overweight rating to a neutral rating and set a $49.00 price target on the stock. in a report on Wednesday, November 30th. They noted that the move was a valuation call. Citigroup Inc. assumed coverage on H. B. Fuller in a report on Thursday, September 29th. They issued a buy rating and a $53.00 price target on the stock. Finally, Deutsche Bank AG reduced their price objective on H. B. Fuller from $50.00 to $47.00 and set a hold rating on the stock in a research report on Friday, September 23rd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $50.60.
H. B. Fuller Co. (NYSE:FUL) opened at 50.43 on Thursday. H. B. Fuller Co. has a 12 month low of $33.94 and a 12 month high of $50.92. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 23.46 and a beta of 1.76. The stock’s 50 day moving average price is $48.93 and its 200 day moving average price is $46.66.
H. B. Fuller (NYSE:FUL) last released its quarterly earnings results on Wednesday, January 18th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.01. H. B. Fuller had a return on equity of 13.66% and a net margin of 5.32%. During the same quarter last year, the firm earned $0.69 earnings per share. Equities research analysts anticipate that H. B. Fuller Co. will post $2.47 earnings per share for the current fiscal year.
In other H. B. Fuller news, VP Timothy J. Keenan sold 8,236 shares of the business’s stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $44.98, for a total transaction of $370,455.28. Following the completion of the sale, the vice president now owns 29,027 shares of the company’s stock, valued at $1,305,634.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.55% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in FUL. D.A. Davidson & CO. bought a new stake in H. B. Fuller during the third quarter valued at about $232,000. Price T Rowe Associates Inc. MD raised its stake in H. B. Fuller by 1.5% in the third quarter. Price T Rowe Associates Inc. MD now owns 18,540 shares of the company’s stock valued at $862,000 after buying an additional 270 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in H. B. Fuller during the third quarter valued at about $354,000. Panagora Asset Management Inc. raised its stake in H. B. Fuller by 447.9% in the third quarter. Panagora Asset Management Inc. now owns 26,572 shares of the company’s stock valued at $1,235,000 after buying an additional 21,722 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. bought a new stake in H. B. Fuller during the third quarter valued at about $337,000. 89.73% of the stock is owned by institutional investors and hedge funds.
H. B. 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, and Construction Products. The Americas Adhesives segment includes a range of specialty adhesives, such as thermoplastic, thermoset, reactive, and water-based and solvent-based products.