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

H.B. Fuller (NYSE:FUL) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $72.53 and last traded at $72.63, with a volume of 207047 shares. The stock had previously closed at $73.43.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of H.B. Fuller from a “buy” rating to a “hold” rating in a report on Wednesday, September 18th.

H.B. Fuller Trading Down 1.1 %

The company has a fifty day moving average price of $76.25 and a 200-day moving average price of $78.83. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of 22.65, a price-to-earnings-growth ratio of 1.25 and a beta of 1.41. The company has a current ratio of 1.89, a quick ratio of 1.16 and a debt-to-equity ratio of 1.10.

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

H.B. Fuller Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th were issued a dividend of $0.2225 per share. The ex-dividend date was Thursday, October 17th. This represents a $0.89 annualized dividend and a yield of 1.23%. H.B. Fuller’s dividend payout ratio (DPR) is presently 27.47%.

Institutional Trading of H.B. Fuller

Institutional investors and hedge funds have recently modified their holdings of the company. Lord Abbett & CO. LLC grew its stake 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 buying an additional 324,056 shares during the last quarter. Bank of New York Mellon Corp increased 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 worth $40,460,000 after purchasing an additional 7,292 shares during the period. Dorsey & Whitney Trust CO LLC lifted its position in shares of H.B. Fuller by 8.1% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 71,354 shares of the specialty chemicals company’s stock worth $5,491,000 after purchasing an additional 5,356 shares during the last quarter. New York State Teachers Retirement System boosted its stake in H.B. Fuller by 3.1% during the 2nd quarter. New York State Teachers Retirement System now owns 88,348 shares of the specialty chemicals company’s stock valued at $6,799,000 after purchasing an additional 2,694 shares during the period. Finally, Marshall Wace LLP grew its holdings in H.B. Fuller by 9.9% in the 2nd quarter. Marshall Wace LLP now owns 290,005 shares of the specialty chemicals company’s stock valued at $22,319,000 after buying an additional 26,239 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.