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

H.B. Fuller (NYSE:FUL) hit a new 52-week low during trading on Monday . The stock 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.

Analyst Ratings Changes

A number of brokerages have recently commented on FUL. Citigroup lowered their target price on H.B. Fuller from $85.00 to $78.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. StockNews.com cut shares of H.B. Fuller from a “buy” rating to a “hold” rating in a research note on Wednesday, September 18th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $92.75.

H.B. Fuller Stock Down 0.7 %

The firm has a market capitalization of $3.70 billion, a PE ratio of 20.88, a price-to-earnings-growth ratio of 1.25 and a beta of 1.41. The company has a quick ratio of 1.16, a current ratio of 1.89 and a debt-to-equity ratio of 1.10. The business has a 50-day moving average price of $75.47 and a 200-day moving average price of $78.55.

H.B. Fuller (NYSE:FUL) last posted its earnings results on Wednesday, September 25th. The specialty chemicals company reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.10). The firm had revenue of $917.93 million during the quarter, compared to analyst estimates of $944.04 million. H.B. Fuller had a net margin of 5.15% and a return on equity of 13.39%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.06 earnings per share. Equities research analysts forecast that H.B. Fuller will post 4.17 earnings per share for the current fiscal year.

H.B. Fuller Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 17th were issued a $0.2225 dividend. The ex-dividend date of this dividend was Thursday, October 17th. This represents a $0.89 annualized dividend and a yield of 1.32%. H.B. Fuller’s dividend payout ratio (DPR) is presently 27.47%.

Institutional Investors Weigh In On H.B. Fuller

Institutional investors have recently modified their holdings of the company. Geode Capital Management LLC increased its stake in H.B. Fuller by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,258,752 shares of the specialty chemicals company’s stock worth $99,939,000 after buying an additional 18,734 shares during the period. Lord Abbett & CO. LLC increased its position in shares of H.B. Fuller by 79.8% during the third quarter. Lord Abbett & CO. LLC now owns 730,058 shares of the specialty chemicals company’s stock worth $57,952,000 after acquiring an additional 324,056 shares during the period. Bank of New York Mellon Corp raised its stake in shares of H.B. Fuller by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 525,731 shares of the specialty chemicals company’s stock valued at $40,460,000 after acquiring an additional 7,292 shares in the last quarter. Marshall Wace LLP boosted its holdings in 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 valued at $22,319,000 after purchasing an additional 26,239 shares during the period. Finally, S&CO Inc. grew its stake 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 purchasing an additional 920 shares in the last quarter. 95.93% of the stock is 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.