H.B. Fuller (NYSE:FUL) Sees Large Growth in Short Interest

H.B. Fuller (NYSE:FUL) was the recipient of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 1,210,000 shares, an increase of 17.5% from the October 31st total of 1,030,000 shares. Based on an average daily trading volume, of 291,800 shares, the days-to-cover ratio is presently 4.1 days.

Analyst Upgrades and Downgrades

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

H.B. Fuller Stock Performance

Shares of NYSE:FUL traded down $0.99 during trading on Tuesday, reaching $75.97. The stock had a trading volume of 65,993 shares, compared to its average volume of 299,730. H.B. Fuller has a 52 week low of $72.60 and a 52 week high of $87.67. The stock has a fifty day simple moving average of $77.01 and a two-hundred day simple moving average of $79.14. The firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of 23.44, a P/E/G ratio of 1.45 and a beta of 1.42. 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) last announced 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). The firm 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 for the quarter was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.06 earnings per share. As a group, analysts anticipate 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 was paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th were given a dividend of $0.2225 per share. This represents a $0.89 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend was Thursday, October 17th. H.B. Fuller’s payout ratio is 27.47%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FUL. Dorsey & Whitney Trust CO LLC increased its holdings in shares of H.B. Fuller by 8.1% during 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. New York State Teachers Retirement System grew its position 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 in the last quarter. S&CO Inc. grew its position in 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 grew its position 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 buying an additional 26,239 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in H.B. Fuller by 1.4% during the second quarter. Bank of New York Mellon Corp now owns 525,731 shares of the specialty chemicals company’s stock worth $40,460,000 after purchasing an additional 7,292 shares during the last quarter. 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.