H.B. Fuller (NYSE:FUL) Hits New 52-Week Low – Time to Sell?

H.B. Fuller (NYSE:FUL) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $56.80 and last traded at $57.14, with a volume of 101779 shares changing hands. The stock had previously closed at $57.87.

Wall Street Analyst Weigh In

Several analysts have issued reports on FUL shares. JPMorgan Chase & Co. cut their price target on H.B. Fuller from $70.00 to $60.00 and set an “underweight” rating for the company in a report on Friday, January 17th. Deutsche Bank Aktiengesellschaft cut their target price on H.B. Fuller from $75.00 to $72.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. Citigroup cut their price target on H.B. Fuller from $78.00 to $68.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. Finally, Vertical Research lowered shares of H.B. Fuller from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, H.B. Fuller currently has an average rating of “Hold” and a consensus price target of $75.60.

H.B. Fuller Stock Down 1.8 %

The company has a market capitalization of $3.11 billion, a PE ratio of 24.61, a price-to-earnings-growth ratio of 1.13 and a beta of 1.42. The firm’s 50-day simple moving average is $63.04 and its 200 day simple moving average is $72.87. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.16 and a current ratio of 1.81.

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

H.B. Fuller Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were given a dividend of $0.2225 per share. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 1.57%. H.B. Fuller’s dividend payout ratio (DPR) is 38.53%.

Institutional Investors Weigh In On H.B. Fuller

Several hedge funds have recently bought and sold shares of the business. Jones Financial Companies Lllp boosted its holdings in H.B. Fuller by 128.8% in the fourth 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. Sterling Capital Management LLC increased its position in H.B. Fuller by 731.1% during the fourth quarter. Sterling Capital Management LLC now owns 1,255 shares of the specialty chemicals company’s stock worth $85,000 after buying an additional 1,104 shares during the last quarter. Quantbot Technologies LP bought a new stake in H.B. Fuller in the 4th quarter valued at $266,000. New Age Alpha Advisors LLC acquired a new position in shares of H.B. Fuller in the 4th quarter valued at approximately $465,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of H.B. Fuller during the 4th quarter worth $783,000. 95.93% of the stock is owned by hedge funds and other institutional investors.

About H.B. Fuller

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.