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

H.B. Fuller (NYSE:FUL)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $59.35 and last traded at $59.85, with a volume of 7476 shares changing hands. The stock had previously closed at $60.68.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of 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. Deutsche Bank Aktiengesellschaft decreased their target price on H.B. Fuller from $75.00 to $72.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. Vertical Research lowered H.B. Fuller from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Finally, Citigroup reduced their price objective 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, H.B. Fuller presently has a consensus rating of “Hold” and an average price target of $75.60.

H.B. Fuller Trading Down 1.4 %

The company has a current ratio of 1.81, a quick ratio of 1.16 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $3.27 billion, a P/E ratio of 25.90, a price-to-earnings-growth ratio of 1.17 and a beta of 1.42. The company has a 50-day moving average price of $66.09 and a 200 day moving average price of $74.45.

H.B. Fuller (NYSE:FUL) last announced its 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). H.B. Fuller had a net margin of 3.65% and a return on equity of 12.01%. The firm had revenue of $923.00 million during the quarter, compared to analyst estimates of $916.84 million. During the same quarter last year, the business earned $1.32 earnings per share. H.B. Fuller’s revenue was up 2.2% on a year-over-year basis. On average, research analysts forecast that H.B. Fuller will post 4.07 earnings per share for the current fiscal year.

H.B. Fuller Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be given a $0.2225 dividend. This represents a $0.89 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Thursday, February 6th. H.B. Fuller’s payout ratio is 38.53%.

Institutional Trading of H.B. Fuller

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. S&CO Inc. increased its holdings in shares of H.B. Fuller by 0.3% in the third 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 during the period. Geode Capital Management LLC increased its holdings in H.B. Fuller by 1.5% in 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 raised its position in H.B. Fuller by 79.8% during the 3rd quarter. Lord Abbett & CO. LLC now owns 730,058 shares of the specialty chemicals company’s stock worth $57,952,000 after buying an additional 324,056 shares during the last quarter. Wesbanco Bank Inc. raised its position in H.B. Fuller by 41.2% during the 4th quarter. Wesbanco Bank Inc. now owns 13,700 shares of the specialty chemicals company’s stock worth $924,000 after buying an additional 4,000 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in H.B. Fuller by 17.2% during 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 period. Institutional investors and hedge funds own 95.93% of the company’s stock.

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.