H.B. Fuller (NYSE:FUL) Reaches New 1-Year Low – What’s Next?

H.B. Fuller (NYSE:FUL) shares hit a new 52-week low on Wednesday . The company 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.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. cut their target price on H.B. Fuller from $70.00 to $60.00 and set an “underweight” rating for the company in a research note on Friday, January 17th. Citigroup dropped their price objective on H.B. Fuller from $78.00 to $68.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Deutsche Bank Aktiengesellschaft reduced their target price on H.B. Fuller from $75.00 to $72.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. Finally, Vertical Research cut shares of H.B. Fuller from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $75.60.

H.B. Fuller Trading Up 2.0 %

The firm has a market cap of $3.31 billion, a PE ratio of 26.22, a PEG ratio of 1.17 and a beta of 1.42. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.81 and a quick ratio of 1.16. The business has a 50-day moving average price of $65.44 and a two-hundred day moving average price of $74.25.

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

H.B. Fuller Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be issued a $0.2225 dividend. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 1.47%. H.B. Fuller’s dividend payout ratio (DPR) is 38.53%.

Institutional Trading of H.B. Fuller

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC lifted its holdings in H.B. Fuller by 731.1% in the 4th quarter. Sterling Capital Management LLC now owns 1,255 shares of the specialty chemicals company’s stock valued at $85,000 after purchasing an additional 1,104 shares in the last quarter. Kennedy Capital Management LLC lifted its stake in shares of H.B. Fuller by 13.4% during the fourth quarter. Kennedy Capital Management LLC now owns 127,896 shares of the specialty chemicals company’s stock valued at $8,630,000 after buying an additional 15,100 shares during the period. New Age Alpha Advisors LLC acquired a new stake in H.B. Fuller during the fourth quarter worth approximately $465,000. KLP Kapitalforvaltning AS purchased a new stake in H.B. Fuller in the 4th quarter worth approximately $783,000. Finally, Quantbot Technologies LP acquired a new position in H.B. Fuller in the 4th quarter valued at $266,000. Hedge funds and other institutional investors own 95.93% of the company’s stock.

H.B. Fuller Company Profile

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.