Seaport Res Ptn Lowers Earnings Estimates for H.B. Fuller

H.B. Fuller (NYSE:FUL) – Equities researchers at Seaport Res Ptn lowered their Q4 2024 earnings estimates for H.B. Fuller in a report issued on Monday, January 6th. Seaport Res Ptn analyst M. Harrison now forecasts that the specialty chemicals company will post earnings per share of $0.92 for the quarter, down from their prior forecast of $1.21. 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 FY2025 earnings at $4.02 EPS and FY2026 earnings at $4.81 EPS.

Other analysts have also issued research reports about the company. StockNews.com lowered H.B. Fuller from a “buy” rating to a “hold” rating in a report on Wednesday, September 18th. Citigroup cut their price target on shares of H.B. Fuller from $78.00 to $68.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. Finally, Vertical Research cut shares of H.B. Fuller from a “buy” rating to a “hold” rating in a research note on Monday. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $90.25.

H.B. Fuller Stock Performance

Shares of NYSE FUL opened at $63.17 on Thursday. H.B. Fuller has a 1 year low of $61.71 and a 1 year high of $87.67. The firm has a market cap of $3.45 billion, a P/E ratio of 19.50, a PEG ratio of 1.24 and a beta of 1.43. The stock has a fifty day moving average price of $72.42 and a two-hundred day moving average price of $77.37. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.16 and a current ratio of 1.89.

Institutional Investors Weigh In On H.B. Fuller

A number of large investors have recently made changes to their positions in the company. S&CO Inc. boosted its holdings 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 during the period. Marshall Wace LLP increased its stake in H.B. Fuller by 9.9% in the 2nd quarter. Marshall Wace LLP now owns 290,005 shares of the specialty chemicals company’s stock valued at $22,319,000 after buying an additional 26,239 shares during the period. Lord Abbett & CO. LLC boosted its stake in shares of 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 valued at $57,952,000 after buying an additional 324,056 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of 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 valued at $99,939,000 after acquiring an additional 18,734 shares in the last quarter. Institutional investors and hedge funds own 95.93% of the company’s stock.

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.