H.B. Fuller (NYSE:FUL) Short Interest Up 17.5% in November

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

Analysts Set New Price Targets

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

Hedge Funds Weigh In On H.B. Fuller

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FUL. Bank of New York Mellon Corp raised its stake in shares of H.B. Fuller by 1.4% during 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 buying an additional 7,292 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its holdings 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 worth $5,491,000 after buying an additional 5,356 shares during the last quarter. New York State Teachers Retirement System boosted its holdings in H.B. Fuller by 3.1% in the 2nd quarter. New York State Teachers Retirement System now owns 88,348 shares of the specialty chemicals company’s stock worth $6,799,000 after buying an additional 2,694 shares during the last quarter. Marshall Wace LLP boosted its holdings 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 purchasing an additional 26,239 shares during the last quarter. Finally, S&CO Inc. boosted its holdings in shares of H.B. Fuller by 0.3% during the 3rd 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. Hedge funds and other institutional investors own 95.93% of the company’s stock.

H.B. Fuller Stock Down 1.0 %

Shares of H.B. Fuller stock traded down $0.76 during trading on Tuesday, reaching $76.20. The company’s stock had a trading volume of 178,146 shares, compared to its average volume of 300,264. 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 company has a market cap of $4.16 billion, a price-to-earnings ratio of 23.52, a P/E/G ratio of 1.29 and a beta of 1.41. H.B. Fuller has a 1-year low of $72.60 and a 1-year high of $87.67. The company has a 50-day simple moving average of $77.01 and a two-hundred day simple moving average of $79.14.

H.B. Fuller (NYSE:FUL) last issued its earnings results on Wednesday, September 25th. The specialty chemicals company reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.10). The firm had revenue of $917.93 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the business earned $1.06 EPS. As a group, equities analysts forecast that H.B. Fuller will post 4.17 earnings per share for the current year.

H.B. Fuller Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 17th were paid a $0.2225 dividend. The ex-dividend date was Thursday, October 17th. This represents a $0.89 dividend on an annualized basis and a yield of 1.17%. H.B. Fuller’s dividend payout ratio (DPR) is 27.47%.

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.