H. B. Fuller (NYSE:FUL) Hits New 52-Week Low – Here’s What Happened

H. B. Fuller Company (NYSE:FUL) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $48.60 and last traded at $49.2230, with a volume of 235885 shares. The stock had previously closed at $50.41.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on FUL shares. Deutsche Bank Aktiengesellschaft increased their price objective on H. B. Fuller from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. Raymond James Financial set a $67.00 price target on H. B. Fuller in a research note on Friday, June 26th. JPMorgan Chase & Co. raised H. B. Fuller from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $58.00 to $67.00 in a report on Friday, June 26th. UBS Group set a $69.00 price objective on shares of H. B. Fuller in a research note on Friday, June 26th. Finally, Citigroup upped their price objective on shares of H. B. Fuller from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $67.86.

H. B. Fuller Trading Down 2.4%

The company has a market cap of $2.65 billion, a P/E ratio of 15.09, a P/E/G ratio of 0.55 and a beta of 0.97. The business’s 50-day moving average price is $56.50 and its 200 day moving average price is $58.88. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.12 and a current ratio of 1.80.

H. B. Fuller (NYSE:FUL) last announced its quarterly earnings results on Thursday, June 25th. The specialty chemicals company reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. H. B. Fuller had a return on equity of 12.18% and a net margin of 5.29%.The firm had revenue of $950.27 million for the quarter, compared to the consensus estimate of $924.83 million. During the same quarter in the previous year, the business earned $1.18 earnings per share. The business’s revenue was up 5.8% compared to the same quarter last year. As a group, analysts expect that H. B. Fuller Company will post 4.87 earnings per share for the current year.

H. B. Fuller Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th were issued a dividend of $0.245 per share. The ex-dividend date of this dividend was Thursday, July 30th. This represents a $0.98 annualized dividend and a yield of 2.0%. H. B. Fuller’s dividend payout ratio (DPR) is currently 30.06%.

Insider Buying and Selling

In other H. B. Fuller news, VP Nathan Weaver sold 9,561 shares of H. B. Fuller stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $62.06, for a total transaction of $593,355.66. Following the completion of the transaction, the vice president directly owned 11,739 shares of the company’s stock, valued at $728,522.34. The trade was a 44.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.83% of the stock is currently owned by company insiders.

Institutional Trading of H. B. Fuller

A number of hedge funds have recently modified their holdings of the stock. Allworth Financial LP increased its position in H. B. Fuller by 50.1% during the 4th quarter. Allworth Financial LP now owns 578 shares of the specialty chemicals company’s stock worth $34,000 after buying an additional 193 shares during the period. Hantz Financial Services Inc. boosted its position in shares of H. B. Fuller by 432.9% in the fourth quarter. Hantz Financial Services Inc. now owns 778 shares of the specialty chemicals company’s stock valued at $46,000 after acquiring an additional 632 shares during the period. Parallel Advisors LLC boosted its position in shares of H. B. Fuller by 85.6% in the first quarter. Parallel Advisors LLC now owns 1,034 shares of the specialty chemicals company’s stock valued at $64,000 after acquiring an additional 477 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of H. B. Fuller in the second quarter valued at about $86,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of H. B. Fuller by 510.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,466 shares of the specialty chemicals company’s stock valued at $87,000 after acquiring an additional 1,226 shares in the last quarter. Institutional investors and hedge funds own 95.93% of the company’s stock.

H. B. Fuller Company Profile

H.B. Fuller Company (NYSE: FUL) develops and manufactures specialty adhesives, sealants and other chemical-based products used in industrial and commercial applications. Its solutions help customers bond, seal, coat and assemble materials across a range of products and manufacturing processes.

The company serves markets including packaging, hygiene and disposable products, construction, transportation, electronics, durable assembly, woodworking, flooring, composites and renewable energy.