By otakuyassine3@gmail.com 
H.B. Fuller (NYSE:FUL – Get Free Report) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $72.53 and last traded at $72.63, with a volume of 207047 shares traded. The stock had previously closed at $73.43.
Wall Street Analyst Weigh In
Several brokerages recently commented on FUL. Citigroup reduced their price target on H.B. Fuller from $85.00 to $78.00 and set a “neutral” rating for the company in a research report on Wednesday. StockNews.com downgraded H.B. Fuller from a “buy” rating to a “hold” rating in a report on Wednesday, September 18th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $92.75.
Check Out Our Latest Research Report on H.B. Fuller
H.B. Fuller Price Performance
The business has a fifty day moving average of $75.87 and a 200 day moving average of $78.67. The firm has a market cap of $3.81 billion, a P/E ratio of 21.55, a PEG ratio of 1.25 and a beta of 1.41. 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 (NYSE:FUL – Get Free Report) last issued its earnings results on Wednesday, September 25th. The specialty chemicals company reported $1.13 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.10). The business had revenue of $917.93 million for the quarter, compared to the consensus estimate of $944.04 million. H.B. Fuller had a return on equity of 13.39% and a net margin of 5.15%. The business’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.06 earnings per share. On average, sell-side analysts anticipate that H.B. Fuller will post 4.17 earnings per share for the current year.
H.B. Fuller Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th were issued a $0.2225 dividend. The ex-dividend date of this dividend was Thursday, October 17th. This represents a $0.89 annualized dividend and a dividend yield of 1.27%. H.B. Fuller’s dividend payout ratio is currently 27.47%.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of FUL. Lord Abbett & CO. LLC grew its position 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 valued at $57,952,000 after purchasing an additional 324,056 shares during the last quarter. Geode Capital Management LLC grew its holdings in 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 buying an additional 18,734 shares in the last quarter. S&CO Inc. lifted 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 buying an additional 920 shares in the last quarter. Marshall Wace LLP boosted its position in shares of H.B. Fuller by 9.9% in the second quarter. Marshall Wace LLP now owns 290,005 shares of the specialty chemicals company’s stock valued at $22,319,000 after acquiring an additional 26,239 shares during the period. Finally, Dorsey & Whitney Trust CO LLC grew its stake in shares of H.B. Fuller by 8.1% in the second 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 in the last quarter. 95.93% of the stock is owned by institutional investors.
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.
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