H.B. Fuller FY2024 EPS Estimate Lowered by Seaport Res Ptn

H.B. Fuller (NYSE:FUL) – Stock analysts at Seaport Res Ptn dropped their FY2024 earnings per share (EPS) estimates for H.B. Fuller in a research note issued on Monday, January 6th. Seaport Res Ptn analyst M. Harrison now anticipates that the specialty chemicals company will earn $3.83 per share for the year, down from their previous forecast of $4.12. The consensus estimate for H.B. Fuller’s current full-year earnings is $4.17 per share. Seaport Res Ptn also issued estimates for H.B. Fuller’s Q1 2025 earnings at $0.62 EPS, Q2 2025 earnings at $1.07 EPS, Q3 2025 earnings at $1.16 EPS, Q4 2025 earnings at $1.17 EPS, Q1 2026 earnings at $0.84 EPS, Q2 2026 earnings at $1.26 EPS, Q3 2026 earnings at $1.34 EPS and Q4 2026 earnings at $1.37 EPS.

Several other research firms have also commented on FUL. Vertical Research lowered H.B. Fuller from a “buy” rating to a “hold” rating in a research report on Monday. Citigroup reduced their price target on H.B. Fuller from $78.00 to $68.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Finally, StockNews.com downgraded shares of H.B. Fuller from a “buy” rating to a “hold” rating in a report on Wednesday, September 18th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $90.25.

H.B. Fuller Stock Up 0.4 %

NYSE:FUL opened at $63.17 on Wednesday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.89 and a quick ratio of 1.16. The firm has a market cap of $3.45 billion, a PE ratio of 19.50, a price-to-earnings-growth ratio of 1.24 and a beta of 1.43. The company has a 50-day moving average of $72.42 and a 200 day moving average of $77.37. H.B. Fuller has a 1-year low of $61.71 and a 1-year high of $87.67.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC increased its position in H.B. Fuller by 79.8% during the third quarter. Lord Abbett & CO. LLC now owns 730,058 shares of the specialty chemicals company’s stock worth $57,952,000 after purchasing an additional 324,056 shares during the last quarter. Geode Capital Management LLC lifted its stake in H.B. Fuller by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,258,752 shares of the specialty chemicals company’s stock worth $99,939,000 after acquiring an additional 18,734 shares in the last quarter. S&CO Inc. lifted its position in shares of H.B. Fuller by 0.3% during the third quarter. S&CO Inc. now owns 267,192 shares of the specialty chemicals company’s stock worth $21,209,000 after purchasing an additional 920 shares in the last quarter. Marshall Wace LLP increased its position in shares of H.B. Fuller by 9.9% during the second quarter. Marshall Wace LLP now owns 290,005 shares of the specialty chemicals company’s stock worth $22,319,000 after acquiring an additional 26,239 shares during the period. Finally, Dorsey & Whitney Trust CO LLC grew its stake in H.B. Fuller by 8.1% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 71,354 shares of the specialty chemicals company’s stock worth $5,491,000 after purchasing an additional 5,356 shares in the last quarter. 95.93% of the stock is owned by institutional investors and hedge funds.

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.