H.B. Fuller (NYSE:FUL) Sets New 52-Week Low – Here’s Why

H.B. Fuller (NYSE:FUL) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $59.01 and last traded at $59.47, with a volume of 9623 shares traded. The stock had previously closed at $60.10.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FUL. Citigroup reduced their target price 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. Vertical Research cut H.B. Fuller from a “buy” rating to a “hold” rating in a report on Monday, January 6th. JPMorgan Chase & Co. dropped their target price 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. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $75.60.

H.B. Fuller Price Performance

The stock has a market cap of $3.23 billion, a PE ratio of 25.58, a P/E/G ratio of 1.17 and a beta of 1.42. The business has a fifty day simple moving average of $64.54 and a two-hundred day simple moving average of $73.59. The company has a current ratio of 1.81, a quick ratio of 1.16 and a debt-to-equity ratio of 1.10.

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

H.B. Fuller Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be given a dividend of $0.2225 per share. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $0.89 dividend on an annualized basis and a yield of 1.51%. H.B. Fuller’s dividend payout ratio (DPR) is currently 38.53%.

Institutional Investors Weigh In On H.B. Fuller

Hedge funds and other institutional investors have recently bought and sold shares of the business. MetLife Investment Management LLC grew its stake in shares of H.B. Fuller by 4.7% in the 4th quarter. MetLife Investment Management LLC now owns 33,058 shares of the specialty chemicals company’s stock worth $2,231,000 after buying an additional 1,472 shares during the last quarter. Sterling Capital Management LLC grew its stake in shares of H.B. Fuller by 731.1% in the fourth quarter. Sterling Capital Management LLC now owns 1,255 shares of the specialty chemicals company’s stock worth $85,000 after acquiring an additional 1,104 shares during the last quarter. Kennedy Capital Management LLC increased its holdings in shares of H.B. Fuller by 13.4% during the fourth quarter. Kennedy Capital Management LLC now owns 127,896 shares of the specialty chemicals company’s stock valued at $8,630,000 after acquiring an additional 15,100 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in shares of H.B. Fuller in the 4th quarter worth about $465,000. Finally, KLP Kapitalforvaltning AS bought a new position in H.B. Fuller in the 4th quarter worth about $783,000. Hedge funds and other institutional investors 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.