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

Shares of H. B. Fuller Company (NYSE:FUL) hit a new 52-week high on Wednesday . The stock traded as high as $67.70 and last traded at $66.9570, with a volume of 24686 shares trading hands. The stock had previously closed at $66.37.

Analyst Ratings Changes

Several research firms have recently commented on FUL. Weiss Ratings reissued a “hold (c)” rating on shares of H. B. Fuller in a research report on Monday, December 29th. Wall Street Zen lowered H. B. Fuller from a “buy” rating to a “hold” rating in a report on Monday, November 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of H. B. Fuller in a research note on Friday, January 16th. UBS Group set a $66.00 target price on H. B. Fuller in a report on Friday, January 16th. Finally, Citigroup upped their target price on shares of H. B. Fuller from $70.00 to $76.00 and gave the stock a “buy” rating in a report on Friday, January 16th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $67.75.

H. B. Fuller Stock Down 0.5%

The stock’s fifty day moving average price is $61.53 and its 200 day moving average price is $59.85. The company has a current ratio of 1.70, a quick ratio of 1.06 and a debt-to-equity ratio of 1.01. The stock has a market cap of $3.62 billion, a P/E ratio of 22.16, a price-to-earnings-growth ratio of 1.00 and a beta of 1.10.

H. B. Fuller (NYSE:FUL) last posted its quarterly earnings data on Thursday, January 15th. The specialty chemicals company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.04. H. B. Fuller had a net margin of 4.38% and a return on equity of 12.21%. The company had revenue of $894.79 million during the quarter, compared to the consensus estimate of $901.34 million. During the same period in the previous year, the firm posted $0.92 EPS. The firm’s revenue was down 3.1% compared to the same quarter last year. As a group, research analysts forecast that H. B. Fuller Company will post 4.07 earnings per share for the current fiscal year.

H. B. Fuller Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Thursday, February 5th will be paid a dividend of $0.235 per share. The ex-dividend date of this dividend is Thursday, February 5th. This represents a $0.94 annualized dividend and a dividend yield of 1.4%. H. B. Fuller’s dividend payout ratio (DPR) is 31.33%.

Institutional Trading of H. B. Fuller

Institutional investors have recently added to or reduced their stakes in the business. Salomon & Ludwin LLC purchased a new position in H. B. Fuller during the 3rd quarter valued at about $28,000. Allworth Financial LP grew its stake in shares of H. B. Fuller by 50.1% in the fourth quarter. Allworth Financial LP now owns 578 shares of the specialty chemicals company’s stock worth $34,000 after acquiring an additional 193 shares during the last quarter. Covestor Ltd raised its position in shares of H. B. Fuller by 22,833.3% in the 3rd quarter. Covestor Ltd now owns 688 shares of the specialty chemicals company’s stock worth $41,000 after purchasing an additional 685 shares during the last quarter. Hantz Financial Services Inc. boosted its position in shares of H. B. Fuller by 432.9% during the fourth quarter. Hantz Financial Services Inc. now owns 778 shares of the specialty chemicals company’s stock valued at $46,000 after buying an additional 632 shares during the last quarter. Finally, TD Waterhouse Canada Inc. purchased a new position in shares of H. B. Fuller during the third quarter valued at approximately $47,000. 95.93% of the stock is currently owned by hedge funds and other institutional investors.

H. B. Fuller Company Profile

H. B. Fuller Company, founded in 1887 and headquartered in St. Paul, Minnesota, is a global adhesives and specialty chemical solutions provider serving a wide array of industries. The company develops, manufactures and markets adhesive technologies, sealants, polymers and related chemical products designed to enhance product performance, sustainability and manufacturing efficiency.

Fuller’s product portfolio spans multiple market segments, including packaging and converting, general industrial assembly, electronics, transportation, hygiene and construction.