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

H. B. Fuller Company (NYSE:FUL)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $48.60 and last traded at $49.2230, with a volume of 235885 shares. The stock had previously closed at $50.41.

Analyst Ratings Changes

FUL has been the subject of several analyst reports. Zacks Research raised H. B. Fuller from a “hold” rating to a “strong-buy” rating in a report on Monday, August 24th. Wall Street Zen lowered H. B. Fuller from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 25th. Raymond James Financial set a $67.00 price target on H. B. Fuller in a research report on Friday, June 26th. Royal Bank Of Canada set a $58.00 price target on H. B. Fuller in a research note on Wednesday, May 27th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of H. B. Fuller from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, H. B. Fuller presently has an average rating of “Buy” and an average target price of $67.86.

H. B. Fuller Stock Performance

The company has a fifty day moving average price of $56.50 and a two-hundred day moving average price of $58.88. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.80 and a quick ratio of 1.12. The company has a market capitalization of $2.65 billion, a P/E ratio of 15.09, a PEG ratio of 0.55 and a beta of 0.97.

H. B. Fuller (NYSE:FUL) last announced its earnings results on Thursday, June 25th. The specialty chemicals company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.04. The business had revenue of $950.27 million during the quarter, compared to analyst estimates of $924.83 million. H. B. Fuller had a return on equity of 12.18% and a net margin of 5.29%.H. B. Fuller’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the company earned $1.18 EPS. Equities analysts forecast that H. B. Fuller Company will post 4.87 earnings per share for the current fiscal year.

H. B. Fuller Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th were issued a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Thursday, July 30th. H. B. Fuller’s payout ratio is presently 30.06%.

Insiders Place Their Bets

In related news, VP Nathan Weaver sold 9,561 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $62.06, for a total value of $593,355.66. Following the completion of the sale, the vice president directly owned 11,739 shares of the company’s stock, valued at $728,522.34. The trade was a 44.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.83% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FUL. Jefferies Financial Group Inc. purchased a new position in H. B. Fuller in the fourth quarter valued at about $2,644,000. Norges Bank purchased a new position in H. B. Fuller in the fourth quarter valued at approximately $44,203,000. Congruence Capital LLC bought a new position in H. B. Fuller during the fourth quarter valued at $10,048,000. Kennedy Capital Management LLC increased its position in H. B. Fuller by 43.4% in the fourth quarter. Kennedy Capital Management LLC now owns 630,194 shares of the specialty chemicals company’s stock worth $37,471,000 after buying an additional 190,750 shares during the last quarter. Finally, S&CO Inc. bought a new stake in shares of H. B. Fuller in the second quarter valued at $14,093,000. 95.93% of the stock is owned by institutional investors.

H. B. Fuller Company Profile

H.B. Fuller Company (NYSE: FUL) develops and manufactures specialty adhesives, sealants and other chemical-based products used in industrial and commercial applications. Its solutions help customers bond, seal, coat and assemble materials across a range of products and manufacturing processes.

The company serves markets including packaging, hygiene and disposable products, construction, transportation, electronics, durable assembly, woodworking, flooring, composites and renewable energy.