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

Shares of H.B. Fuller (NYSE:FUL) reached a new 52-week low on Wednesday . The stock traded as low as $54.00 and last traded at $54.07, with a volume of 88868 shares trading hands. The stock had previously closed at $55.57.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Vertical Research downgraded shares of H.B. Fuller from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Seaport Res Ptn cut shares of H.B. Fuller from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft lowered their target price on H.B. Fuller from $75.00 to $72.00 and set a “buy” rating for the company in a report 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 report on Friday, January 3rd. Finally, JPMorgan Chase & Co. reduced their price objective on H.B. Fuller from $70.00 to $60.00 and set an “underweight” rating for the company in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, H.B. Fuller has an average rating of “Hold” and an average target price of $75.60.

H.B. Fuller Stock Down 2.8 %

The firm’s 50 day simple moving average is $60.66 and its 200 day simple moving average is $71.16. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 23.44, a price-to-earnings-growth ratio of 1.13 and a beta of 1.41. The company has a quick ratio of 1.16, a current ratio of 1.81 and a debt-to-equity ratio of 1.10.

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

H.B. Fuller Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were issued a dividend of $0.2225 per share. The ex-dividend date was Thursday, February 6th. This represents a $0.89 annualized dividend and a yield of 1.65%. H.B. Fuller’s payout ratio is 38.53%.

Hedge Funds Weigh In On H.B. Fuller

Several hedge funds have recently modified their holdings of the company. Geode Capital Management LLC lifted its holdings in shares of H.B. Fuller by 1.5% in 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 buying an additional 18,734 shares during the period. Lord Abbett & CO. LLC lifted its holdings in H.B. Fuller by 79.8% in the 3rd quarter. Lord Abbett & CO. LLC now owns 730,058 shares of the specialty chemicals company’s stock valued at $57,952,000 after acquiring an additional 324,056 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in H.B. Fuller by 17.2% in the 4th quarter. Bank of New York Mellon Corp now owns 554,947 shares of the specialty chemicals company’s stock valued at $37,448,000 after acquiring an additional 81,558 shares during the last quarter. S&CO Inc. boosted its position 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 valued at $21,209,000 after purchasing an additional 920 shares in the last quarter. Finally, Kennedy Capital Management LLC grew its stake in shares of H.B. Fuller by 13.4% in the 4th quarter. Kennedy Capital Management LLC now owns 127,896 shares of the specialty chemicals company’s stock worth $8,630,000 after purchasing an additional 15,100 shares during the last quarter. 95.93% of the stock is currently owned by institutional investors and hedge funds.

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.