H.B. Fuller (NYSE:FUL) Sets New 1-Year Low – Here’s Why

Shares of H.B. Fuller (NYSE:FUL) reached a new 52-week low on Monday . The company traded as low as $72.53 and last traded at $72.63, with a volume of 207047 shares. The stock had previously closed at $73.43.

Wall Street Analyst Weigh In

Several research firms have commented on FUL. StockNews.com cut H.B. Fuller from a “buy” rating to a “hold” rating in a report on Wednesday, September 18th. Citigroup decreased their target price on shares of H.B. Fuller from $85.00 to $78.00 and set a “neutral” rating on the stock in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $92.75.

H.B. Fuller Stock Performance

The company has a quick ratio of 1.16, a current ratio of 1.89 and a debt-to-equity ratio of 1.10. The stock 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 stock has a fifty day simple moving average of $75.87 and a 200-day simple moving average of $78.67.

H.B. Fuller (NYSE:FUL) last released its quarterly earnings data on Wednesday, September 25th. The specialty chemicals company reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.10). H.B. Fuller had a return on equity of 13.39% and a net margin of 5.15%. The firm had revenue of $917.93 million for the quarter, compared to the consensus estimate of $944.04 million. During the same period in the previous year, the business earned $1.06 EPS. The firm’s revenue was up 1.9% compared to the same quarter last year. Equities analysts expect that H.B. Fuller will post 4.17 earnings per share for the current fiscal year.

H.B. Fuller Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th were paid a $0.2225 dividend. This represents a $0.89 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date was Thursday, October 17th. H.B. Fuller’s payout ratio is currently 27.47%.

Hedge Funds Weigh In On H.B. Fuller

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dorsey & Whitney Trust CO LLC raised its position 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 valued at $5,491,000 after buying an additional 5,356 shares during the last quarter. New York State Teachers Retirement System raised its holdings in shares of H.B. Fuller by 3.1% in the second 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 purchasing an additional 2,694 shares during the last quarter. S&CO Inc. lifted its position in shares of H.B. Fuller by 0.3% in 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 in the last quarter. Marshall Wace LLP boosted its holdings in H.B. Fuller by 9.9% during the second 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 during the last quarter. Finally, Bank of New York Mellon Corp grew its position in H.B. Fuller by 1.4% in the second 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 in the last quarter. 95.93% of the stock is owned by institutional investors and hedge funds.

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.