FY2024 EPS Estimates for H.B. Fuller Lowered by Analyst

H.B. Fuller (NYSE:FUL) – Analysts at Seaport Res Ptn dropped their FY2024 earnings per share (EPS) estimates for H.B. Fuller in a report issued on Monday, January 6th. Seaport Res Ptn analyst M. Harrison now anticipates that the specialty chemicals company will post earnings of $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.

FUL has been the topic of several other reports. StockNews.com cut H.B. Fuller from a “buy” rating to a “hold” rating in a research note on Wednesday, September 18th. Citigroup reduced their price target on shares of 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, Vertical Research downgraded shares of H.B. Fuller from a “buy” rating to a “hold” rating in a research report on Monday. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $90.25.

H.B. Fuller Trading Down 0.7 %

NYSE:FUL opened at $62.93 on Wednesday. The company has a market cap of $3.44 billion, a PE ratio of 19.42, a P/E/G ratio of 1.24 and a beta of 1.43. The business’s 50 day moving average is $72.85 and its two-hundred day moving average is $77.57. The company has a quick ratio of 1.16, a current ratio of 1.89 and a debt-to-equity ratio of 1.10. H.B. Fuller has a 52 week low of $61.71 and a 52 week high of $87.67.

Hedge Funds Weigh In On H.B. Fuller

A number of institutional investors have recently bought and sold shares of FUL. Lord Abbett & CO. LLC boosted its holdings in shares of H.B. Fuller by 79.8% in the third 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 period. Geode Capital Management LLC lifted its position in shares of H.B. Fuller by 1.5% in 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. Dorsey & Whitney Trust CO LLC boosted its stake in 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 worth $5,491,000 after purchasing an additional 5,356 shares during the period. Marshall Wace LLP grew its position in H.B. Fuller by 9.9% during the 2nd quarter. Marshall Wace LLP now owns 290,005 shares of the specialty chemicals company’s stock worth $22,319,000 after purchasing an additional 26,239 shares in the last quarter. Finally, S&CO Inc. raised its stake in H.B. Fuller by 0.3% during the 3rd quarter. S&CO Inc. now owns 267,192 shares of the specialty chemicals company’s stock valued at $21,209,000 after purchasing an additional 920 shares during the period. Hedge funds and other institutional investors own 95.93% of the company’s stock.

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.