H.B. Fuller (NYSE:FUL) Sets New 12-Month Low – Here’s What Happened

H.B. Fuller (NYSE:FUL)’s share price reached a new 52-week low on Tuesday . The stock traded as low as $55.38 and last traded at $55.63, with a volume of 369290 shares changing hands. The stock had previously closed at $56.74.

Wall Street Analyst Weigh In

FUL has been the subject of several research analyst reports. Seaport Res Ptn downgraded H.B. Fuller from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Vertical Research cut shares of H.B. Fuller from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. JPMorgan Chase & Co. decreased their target price on shares of H.B. Fuller from $70.00 to $60.00 and set an “underweight” rating for the company in a research note on Friday, January 17th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of H.B. Fuller from $75.00 to $72.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Finally, Citigroup decreased their price objective on H.B. Fuller from $78.00 to $68.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, H.B. Fuller currently has an average rating of “Hold” and an average target price of $75.60.

H.B. Fuller Stock Up 1.9 %

The firm has a market cap of $3.06 billion, a price-to-earnings ratio of 24.24, a P/E/G ratio of 1.13 and a beta of 1.41. The company has a current ratio of 1.81, a quick ratio of 1.16 and a debt-to-equity ratio of 1.10. The firm has a 50 day moving average price of $61.78 and a 200-day moving average price of $72.04.

H.B. Fuller (NYSE:FUL) last announced its earnings results on Wednesday, January 15th. The specialty chemicals company reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.08). H.B. Fuller had a return on equity of 12.01% and a net margin of 3.65%. The business had revenue of $923.00 million for the quarter, compared to analyst estimates of $916.84 million. During the same quarter in the previous year, the firm posted $1.32 EPS. The business’s revenue was up 2.2% on a year-over-year basis. On average, equities analysts forecast that H.B. Fuller will post 4.07 EPS for the current year.

H.B. Fuller Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were issued a $0.2225 dividend. The ex-dividend date was Thursday, February 6th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 1.59%. H.B. Fuller’s dividend payout ratio (DPR) is 38.53%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its holdings in H.B. Fuller by 128.8% in the 4th quarter. Jones Financial Companies Lllp now owns 899 shares of the specialty chemicals company’s stock valued at $61,000 after acquiring an additional 506 shares during the last quarter. S&CO Inc. increased 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 purchasing an additional 920 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in shares of H.B. Fuller by 731.1% in the 4th quarter. Sterling Capital Management LLC now owns 1,255 shares of the specialty chemicals company’s stock valued at $85,000 after purchasing an additional 1,104 shares during the last quarter. MetLife Investment Management LLC grew its stake in shares of H.B. Fuller by 4.7% during the 4th quarter. MetLife Investment Management LLC now owns 33,058 shares of the specialty chemicals company’s stock valued at $2,231,000 after buying an additional 1,472 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in shares of H.B. Fuller during the 4th quarter worth $266,000. Institutional investors and hedge funds 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.