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

H.B. Fuller (NYSE:FUL) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $55.38 and last traded at $55.63, with a volume of 369290 shares traded. The stock had previously closed at $56.74.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Vertical Research lowered shares of H.B. Fuller from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Citigroup lowered their price target on shares of H.B. Fuller from $78.00 to $68.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. JPMorgan Chase & Co. lowered their price target on shares of H.B. Fuller from $70.00 to $60.00 and set an “underweight” rating for the company in a report on Friday, January 17th. Seaport Res Ptn lowered H.B. Fuller from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. 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 for the company in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $75.60.

H.B. Fuller Stock Performance

The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 24.24, a P/E/G 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. The stock has a 50 day simple moving average of $61.78 and a 200 day simple moving average of $72.04.

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

H.B. Fuller Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were issued a $0.2225 dividend. This represents a $0.89 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend was Thursday, February 6th. H.B. Fuller’s payout ratio is currently 38.53%.

Institutional Trading of H.B. Fuller

A number of institutional investors have recently made changes to their positions in FUL. Jones Financial Companies Lllp lifted its position in H.B. Fuller by 128.8% in the fourth quarter. Jones Financial Companies Lllp now owns 899 shares of the specialty chemicals company’s stock worth $61,000 after purchasing an additional 506 shares during the period. Sterling Capital Management LLC boosted its stake in H.B. Fuller by 731.1% during the fourth quarter. Sterling Capital Management LLC now owns 1,255 shares of the specialty chemicals company’s stock valued at $85,000 after buying an additional 1,104 shares in the last quarter. Quantbot Technologies LP acquired a new position in H.B. Fuller during the fourth quarter worth about $266,000. New Age Alpha Advisors LLC acquired a new stake in H.B. Fuller in the 4th quarter valued at about $465,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of H.B. Fuller in the 4th quarter worth approximately $783,000. 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.