Wire
H.B. Fuller Keeps Quarterly Dividend at $0.2450 per Share, Payable Aug. 13 to Shareholders of Record on July 30
H.B. Fuller Keeps Quarterly Dividend at $0.2450 per Share, Payable Aug. 13 to Shareholders of Record on July 30
$FUL
$FUL
10 stories mentioning FULUpdated 22d ago
Every FINWIRES story that references FUL, newest first.
Wire
H.B. Fuller Outlook Remains Beatable With Pricing Realization as Swing Factor, UBS Says
H.B. Fuller's (FUL) 2026 outlook remains conservative and beatable, although the planned acquisition of Advanced Medical Solutions is expected to weigh on the stock's valuation in the near term because of higher leverage, UBS said in a note emailed Friday.The brokerage said it expects pricing realization likely to determine whether the company exceeds the upper end of its outlook."We continue to see the 2H26 outlook for FUL as conservative and beatable," UBS said. "We expect the acquisition of AMS to be a headwind to FUL's trading multiple in the short term," it added.UBS cut its price target to $69 from $71 and maintained its neutral rating.Price: $61.31, Change: $-0.64, Percent Change: -1.03%
$FUL
Research
JPMorgan Upgrades H.B. Fuller to Overweight From Neutral, Adjusts Price Target to $67 From $58
H.B. Fuller (FUL) has an average rating of buy and mean price target of $72, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
$FUL
US Markets
Update: Equity Markets Mixed Intraday Ahead of Micron Results; Oil Sinks
(Updates with latest market prices and developments.)US benchmark equity indexes were mixed intraday as markets awaited Micron Technology's (MU) latest quarterly results, while oil prices tumbled as tankers continued to move through the Strait of Hormuz.The Nasdaq Composite was down 0.4% at 25,479.2 after midday Wednesday, while the S&P 500 fell 0.2% to 7,347.6. The Dow Jones Industrial Average rose 0.2% to 51,767.7. Among sectors, energy saw the biggest drop, while consumer discretionary paced the gainers.Ahead of its results -- due after the closing bell Wednesday -- Micron shares were down 2.6%, following a 13% slump in the previous session amid a sell-off in chip-related stocks.Trip.com (TCOM), Jefferies Financial (JEF) and H. B. Fuller (FUL) are also scheduled to report after the markets close.KB Home (KBH) shares surged 17% after the homebuilder released its results. Builders FirstSource (BLDR) shares jumped 10%, the top gainer on the S&P 500.Paychex (PAYX) issued a fiscal 2027 outlook that implies slower growth in both profit and revenue. The human resources software provider's shares were down 1.5% intraday.West Texas Intermediate crude oil was down 4.2% at $70.17 a barrel, while Brent dropped 4.3% to $73.75, both off session lows.The price declines came as tankers continued to move through the crucial Strait of Hormuz after being trapped in the Persian Gulf due to the US-Israel war with Iran that started at the end of February.Three stranded tankers carrying about 5 million barrels of crude oil were exiting the narrow waterway Wednesday, with two heading to Asia, Reuters reported, citing shipping data."With shipping traffic steadily improving through the Strait of Hormuz, traders are increasingly focused on a growing queue of cargoes waiting to move," Saxo Bank said in a report.US President Donald Trump, in a social media post, criticized oil companies for "not dropping their prices at the pump commensurate with the sharply lower prices they are paying for oil." Trump said he had instructed the Department of Justice "to immediately start looking into this."Last week, the US and Iran signed a memorandum of understanding to end the war and reopen the Strait of Hormuz, a crucial chokepoint for crude flows that connects the Persian Gulf with the Gulf of Oman and the Arabian Sea.US Secretary of State Marco Rubio is in the Persian Gulf region, seeking to sell the US-Iran deal to the Bahrain, Kuwait, and the United Arab Emirates, which are expected to be among its biggest skeptics, CNN reported Wednesday.US Treasury yields were lower intraday, with the 10-year rate down 9.8 basis points at 4.40% and the two-year rate falling 5.1 basis points to 4.15%.In economic news, new-home sales in the US unexpectedly declined last month as prices moved higher, government data showed."New home sales were much weaker than expected in May, but we think the pace of sales in May probably marks the bottom of what will be a noisy range over the next few months rather than the start of a more sustained decline," Oxford Economics said in a note. "We expect sales to improve later in the year based on our forecast for mortgage rates to move lower."Gold was down 3.5% to $4,004.30 per troy ounce, while silver slumped 6.9% to $57.78 per ounce.
Dow JonesNasdaq CompositeS&P 500$BLDR$FUL$JEF$KBH$MU$PAYX$TCOM
US Markets
Stocks Mostly Up Pre-Bell Ahead of Micron's Latest Financial Results
US stock futures were mostly trending higher on Wednesday as markets looked to recover from the previous session's tech-driven selloff, while investors await Micron Technology's (MU) latest quarterly results.The S&P 500 rose 0.2% and the Nasdaq increased 0.5% before the opening bell, while the Dow Jones Industrial Average slipped 0.1%. The indexes closed Tuesday trading lower, with the Nasdaq logging its sharpest decline since June 5.Shares of Micron rose 3.9% pre-bell after closing the previous trading session down 13%. The semiconductor company is scheduled to post its fiscal third-quarter results after the markets close, with analysts on FactSet currently estimating non-GAAP earnings of $20.83 per share and sales of $35.85 billion.Tech bellwether Nvidia (NVDA) was up 0.7% after a 4.1% decline in the prior session. Intel (INTC) increased 1.9%, while Qualcomm (QCOM) advanced 2.1%.Tech stocks may face spillover impact from the recent sharp sell-off in South Korea, though the decline appears to be a "pullback/breather" in a market that almost doubled this year, Wedbush Securities said in a note on Tuesday.FedEx's (FDX) stock fell 7.2% as the parcel delivery giant issued a downbeat earnings outlook for the full 2026 calendar year. Wendy's (WEN) jumped 15% as the fast-food chain hired Potbelly Sandwich Works finance chief Steve Cirulis for the same role, effective Tuesday.West Texas Intermediate crude oil decreased 1.5% to $72.09 a barrel in premarket action, while Brent slipped 1.6% to $75.86.In a social media post early Wednesday, President Donald Trump said he has instructed the Department of Justice to "immediately start looking" into oil companies not lowering their prices."The big oil companies are not dropping their price at the pump commensurate with the sharply lower prices they are paying for oil," according to Trump. "Those prices are dropping like a rock! In other words, customers are being 'gouged.'"US Secretary of State Marco Rubio arrived in the Gulf region, aiming to sell the Iran deal to three countries -- the United Arab Emirates, Bahrain and Kuwait -- that are likely to be among the biggest skeptics, CNN reported Tuesday.Treasury yields were mixed before the open, with the two-year rate nudging higher by 0.1 basis point to 4.2% while the 10-year rate retreated 0.8 basis points to 4.49%.On Wednesday's economic calendar, the weekly mortgage applications bulletin posts at 7 am ET, followed by the new home sales report for May at 10 am. The weekly EIA domestic petroleum inventories report is due at 10:30 am.Paychex (PAYX) is expected to post its financial results before the bell, while Trip.com (TCOM), Jefferies Financial (JEF) and H. B. Fuller (FUL) report after the markets close.Gold declined 1.8% to $4,076 per troy ounce, while bitcoin traded up 0.3% at $62,455.
Dow JonesNasdaq CompositeS&P 500$FDX$FUL$INTC$JEF$MU$NVDA$PAYX$QCOM$TCOM$WEN
Wire
H.B. Fuller Set to Beat Q2 Earnings, May Raise Guidance, UBS Says
H.B. Fuller (FUL) is set up to beat Q2 earnings expectations and potentially raise full-year guidance, UBS Securities said, arguing that management set an overly cautious outlook when uncertainty was particularly high following the onset of Middle East disruption earlier this year.The investment firm lifted its earnings estimates materially above consensus, driven by a better-than-expected raw materials outlook, an improved volume trajectory and pricing realization tracking near the company's targeted range.The brokerage said in a note on Tuesday that it sees the top end of any raised guidance range as achievable, with further upside possible if pricing outperforms.A potential acquisition of Advanced Medical Solutions is complicating the setup, with investor sentiment skewing negative on deal concerns over leverage rising to levels that could preclude a private equity takeout, seen as a key near-term value catalyst, according to the note.UBS has a neutral rating on the company's stock and raised its price target to $71 from $63.Price: $64.80, Change: $+1.08, Percent Change: +1.69%
$FUL
Research
JPMorgan Upgrades H.B. Fuller to Neutral From Underweight, $58 Price Target
H.B. Fuller Company (FUL) has an average rating of overweight and mean price target of $70.43, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
$FUL
Wire
H.B. Fuller Shareholder Ancora Opposes Proposed Acquisition of Advanced Medical Solutions
H.B. Fuller (FUL) shareholder Ancora said Tuesday it opposes the adhesives company's proposed acquisition of Advanced Medical Solutions "or any other material purchase."In a letter sent to the company's board, Ancora urged a full review of strategic alternatives, including a potential sale of all or parts of the business, to maximize shareholder value.The proposed acquisition would increase the company's leverage and introduce operating risks, the investment management firm said. It also appears to be a "poison pill" move intended to discourage meaningful acquirer interest, according to Ancora.H.B. Fuller did not immediately reply to a request for comment from.Price: $59.17, Change: $+1.39, Percent Change: +2.41%
$FUL
Wire
H.B. Fuller Building New Aerospace Manufacturing Center in North Carolina
H.B. Fuller (FUL) is building a new aerospace manufacturing center in Charlotte, North Carolina, targeting to open the facility in early 2027, the company said Wednesday.The facility will house specialized manufacturing, packaging, testing, and quality operations for the company's aerospace products, with capacity expansion plans in the future, H.B. Fuller said.Price: $62.21, Change: $+2.56, Percent Change: +4.29%
$FUL
Wire
H.B. Fuller Raises Quarterly Dividend to $0.245 a Share From $0.235, Payable May 14 to Holders of Record April 30
H.B. Fuller Raises Quarterly Dividend to $0.245 a Share From $0.235, Payable May 14 to Holders of Record April 30
$FUL
