H.B. Fuller (NYSE:FUL) Short Interest Update

H.B. Fuller (NYSE:FUL) was the recipient of a significant decline in short interest during the month of October. As of October 15th, there was short interest totalling 1,210,000 shares, a decline of 6.2% from the September 30th total of 1,290,000 shares. Based on an average daily trading volume, of 279,000 shares, the days-to-cover ratio is presently 4.3 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered H.B. Fuller from a “buy” rating to a “hold” rating in a research note on Wednesday, September 18th.

H.B. Fuller Stock Down 0.1 %

NYSE:FUL traded down $0.08 during trading hours on Thursday, hitting $74.50. 18,202 shares of the company’s stock traded hands, compared to its average volume of 301,520. The stock’s fifty day moving average price is $79.76 and its two-hundred day moving average price is $79.33. The firm has a market cap of $4.07 billion, a P/E ratio of 23.02, a P/E/G ratio of 1.41 and a beta of 1.41. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.16 and a current ratio of 1.89. H.B. Fuller has a twelve month low of $65.04 and a twelve month high of $87.67.

H.B. Fuller (NYSE:FUL) last issued its earnings results on Wednesday, September 25th. The specialty chemicals company reported $1.13 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.10). The business had revenue of $917.93 million during the quarter, compared to analyst estimates of $944.04 million. H.B. Fuller had a net margin of 5.15% and a return on equity of 13.39%. H.B. Fuller’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.06 EPS. On average, research analysts expect that H.B. Fuller will post 4.17 earnings per share for the current fiscal year.

H.B. Fuller Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be given a dividend of $0.2225 per share. The ex-dividend date is Thursday, October 17th. This represents a $0.89 dividend on an annualized basis and a yield of 1.19%. H.B. Fuller’s payout ratio is 27.47%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its stake in shares of H.B. Fuller by 1.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 525,731 shares of the specialty chemicals company’s stock valued at $40,460,000 after purchasing an additional 7,292 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of 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 acquiring an additional 26,239 shares in the last quarter. New York State Teachers Retirement System increased its holdings in shares of H.B. Fuller by 3.1% during the 2nd quarter. New York State Teachers Retirement System now owns 88,348 shares of the specialty chemicals company’s stock valued at $6,799,000 after acquiring an additional 2,694 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings in shares of 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 valued at $5,491,000 after acquiring an additional 5,356 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of H.B. Fuller by 9.9% in the 1st quarter. BNP Paribas Financial Markets now owns 45,152 shares of the specialty chemicals company’s stock valued at $3,600,000 after acquiring an additional 4,077 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.