Citigroup Has Lowered Expectations for H.B. Fuller (NYSE:FUL) Stock Price

H.B. Fuller (NYSE:FUL) had its target price trimmed by Citigroup from $85.00 to $78.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the specialty chemicals company’s stock.

Separately, StockNews.com downgraded H.B. Fuller from a “buy” rating to a “hold” rating in a report on Wednesday, September 18th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $92.75.

H.B. Fuller Stock Down 1.3 %

Shares of H.B. Fuller stock opened at $68.16 on Wednesday. H.B. Fuller has a 52-week low of $67.76 and a 52-week high of $87.67. The company has a 50 day moving average of $75.69 and a 200 day moving average of $78.61. The company has a quick ratio of 1.16, a current ratio of 1.89 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $3.72 billion, a P/E ratio of 21.04, a P/E/G ratio of 1.25 and a beta of 1.41.

H.B. Fuller (NYSE:FUL) last released its quarterly earnings data on Wednesday, September 25th. The specialty chemicals company reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.10). The firm had revenue of $917.93 million for the quarter, compared to analysts’ expectations of $944.04 million. H.B. Fuller had a return on equity of 13.39% and a net margin of 5.15%. H.B. Fuller’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period last year, the firm posted $1.06 earnings per share. As a group, research analysts forecast that H.B. Fuller will post 4.17 EPS for the current fiscal year.

H.B. Fuller Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 17th were given a $0.2225 dividend. The ex-dividend date of this dividend was Thursday, October 17th. This represents a $0.89 dividend on an annualized basis and a yield of 1.31%. H.B. Fuller’s dividend payout ratio (DPR) is presently 27.47%.

Institutional Trading of H.B. Fuller

Several institutional investors and hedge funds have recently made changes to their positions in the company. Lord Abbett & CO. LLC grew its stake in H.B. Fuller by 79.8% during the 3rd quarter. Lord Abbett & CO. LLC now owns 730,058 shares of the specialty chemicals company’s stock worth $57,952,000 after buying an additional 324,056 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of H.B. Fuller by 1.5% in the third quarter. Geode Capital Management LLC now owns 1,258,752 shares of the specialty chemicals company’s stock valued at $99,939,000 after acquiring an additional 18,734 shares during the period. Bank of New York Mellon Corp grew its position in shares of H.B. Fuller by 1.4% during the second quarter. Bank of New York Mellon Corp now owns 525,731 shares of the specialty chemicals company’s stock worth $40,460,000 after acquiring an additional 7,292 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings in shares of H.B. Fuller by 8.1% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 71,354 shares of the specialty chemicals company’s stock valued at $5,491,000 after acquiring an additional 5,356 shares during the period. Finally, New York State Teachers Retirement System increased its holdings in shares of H.B. Fuller by 3.1% in the 2nd quarter. New York State Teachers Retirement System now owns 88,348 shares of the specialty chemicals company’s stock valued at $6,799,000 after acquiring an additional 2,694 shares during the period. 95.93% of the stock is owned by hedge funds and other institutional investors.

About H.B. Fuller

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.