H.B. Fuller (NYSE:FUL) Forecasted to Post FY2024 Earnings of $4.26 Per Share

H.B. Fuller (NYSE:FUL) – Analysts at Seaport Res Ptn raised their FY2024 earnings per share (EPS) estimates for shares of H.B. Fuller in a research note issued to investors on Monday, June 24th. Seaport Res Ptn analyst M. Harrison now anticipates that the specialty chemicals company will post earnings of $4.26 per share for the year, up from their prior forecast of $4.25. The consensus estimate for H.B. Fuller’s current full-year earnings is $4.33 per share. Seaport Res Ptn also issued estimates for H.B. Fuller’s Q4 2024 earnings at $1.31 EPS, Q4 2025 earnings at $1.49 EPS and FY2025 earnings at $5.09 EPS.

FUL has been the topic of several other research reports. Robert W. Baird raised their price target on shares of H.B. Fuller from $80.00 to $90.00 and gave the company a “neutral” rating in a research note on Monday, April 1st. Vertical Research began coverage on H.B. Fuller in a research report on Tuesday, March 19th. They issued a “buy” rating and a $88.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $86.20.

H.B. Fuller Trading Up 0.0 %

Shares of NYSE:FUL opened at $76.34 on Wednesday. The company has a quick ratio of 1.23, a current ratio of 1.99 and a debt-to-equity ratio of 1.03. The company’s 50-day moving average price is $78.01 and its 200 day moving average price is $78.49. The company has a market cap of $4.16 billion, a PE ratio of 27.76, a P/E/G ratio of 1.21 and a beta of 1.48. H.B. Fuller has a fifty-two week low of $63.47 and a fifty-two week high of $84.31.

H.B. Fuller (NYSE:FUL) last announced its quarterly earnings results on Wednesday, March 27th. The specialty chemicals company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.03. H.B. Fuller had a net margin of 4.39% and a return on equity of 12.88%. The company had revenue of $810.42 million during the quarter, compared to the consensus estimate of $823.04 million. During the same quarter in the previous year, the company posted $0.55 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year.

H.B. Fuller Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 9th. Stockholders of record on Thursday, April 25th were paid a $0.222 dividend. This is a positive change from H.B. Fuller’s previous quarterly dividend of $0.21. This represents a $0.89 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date was Wednesday, April 24th. H.B. Fuller’s dividend payout ratio is currently 32.36%.

Insider Activity

In related news, VP Nathan D. Weaver sold 7,292 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $78.64, for a total transaction of $573,442.88. Following the sale, the vice president now owns 4,803 shares of the company’s stock, valued at $377,707.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, VP Nathan D. Weaver sold 7,292 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $78.64, for a total transaction of $573,442.88. Following the completion of the transaction, the vice president now owns 4,803 shares of the company’s stock, valued at $377,707.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP James J. East sold 22,316 shares of the business’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $78.27, for a total transaction of $1,746,673.32. The disclosure for this sale can be found here. Insiders sold 34,253 shares of company stock worth $2,669,188 over the last three months. Corporate insiders own 1.96% of the company’s stock.

Institutional Trading of H.B. Fuller

Large investors have recently added to or reduced their stakes in the business. Public Employees Retirement Association of Colorado increased its holdings in shares of H.B. Fuller by 2,588.7% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 335,119 shares of the specialty chemicals company’s stock valued at $27,282,000 after buying an additional 322,655 shares in the last quarter. Luminus Management LLC grew its holdings in shares of H.B. Fuller by 123.9% in the 3rd quarter. Luminus Management LLC now owns 410,351 shares of the specialty chemicals company’s stock worth $28,154,000 after acquiring an additional 227,055 shares during the last quarter. Partners Capital Investment Group LLP acquired a new position in shares of H.B. Fuller in the 4th quarter worth $5,598,000. Kennedy Capital Management LLC lifted its holdings in shares of H.B. Fuller by 19.3% during the third quarter. Kennedy Capital Management LLC now owns 82,273 shares of the specialty chemicals company’s stock valued at $5,645,000 after purchasing an additional 13,328 shares during the last quarter. Finally, Wesbanco Bank Inc. purchased a new stake in shares of H.B. Fuller during the first quarter valued at $773,000. 95.93% of the stock is currently owned by institutional investors.

H.B. Fuller Company Profile

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