H.B. Fuller (NYSE:FUL) Hits New 1-Year Low – What’s Next?

Shares of H.B. Fuller (NYSE:FUL) reached a new 52-week low during trading on Monday . The company traded as low as $67.49 and last traded at $67.89, with a volume of 30708 shares trading hands. The stock had previously closed at $68.16.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on FUL shares. StockNews.com lowered H.B. Fuller from a “buy” rating to a “hold” rating in a research report on Wednesday, September 18th. Citigroup dropped their price target on shares of H.B. Fuller from $85.00 to $78.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, H.B. Fuller currently has a consensus rating of “Hold” and an average price target of $92.75.

H.B. Fuller Stock Performance

The company has a market cap of $3.74 billion, a PE ratio of 21.12, a P/E/G ratio of 1.25 and a beta of 1.42. The stock’s 50-day simple moving average is $75.01 and its 200 day simple moving average is $78.43. 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 (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 analysts’ consensus estimates 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 business had revenue of $917.93 million for the quarter, compared to analyst estimates of $944.04 million. During the same period in the prior year, the company earned $1.06 EPS. The company’s revenue was up 1.9% on a year-over-year basis. As a group, equities analysts anticipate that H.B. Fuller will post 4.17 EPS for the current year.

H.B. Fuller Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th were issued 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 1.30%. H.B. Fuller’s dividend payout ratio (DPR) is 27.47%.

Hedge Funds Weigh In On H.B. Fuller

Institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp lifted its holdings 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 worth $40,460,000 after acquiring an additional 7,292 shares during the period. Dorsey & Whitney Trust CO LLC raised its position in H.B. Fuller by 8.1% in 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 purchasing an additional 5,356 shares during the period. Marshall Wace LLP boosted its position in shares of H.B. Fuller by 9.9% in 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 during the period. S&CO Inc. lifted its position in 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 acquiring an additional 920 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of H.B. Fuller by 1.5% during the third quarter. Geode Capital Management LLC now owns 1,258,752 shares of the specialty chemicals company’s stock valued at $99,939,000 after purchasing an additional 18,734 shares during the period. 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.