H. B. Fuller (NYSE:FUL) Sets New 1-Year High – Time to Buy?
by Renee Jackson · The Cerbat GemH. B. Fuller Company (NYSE:FUL – Get Free Report) shares hit a new 52-week high on Wednesday . The stock traded as high as $67.29 and last traded at $66.66, with a volume of 627229 shares trading hands. The stock had previously closed at $63.06.
Analyst Ratings Changes
A number of research analysts recently commented on the stock. Wall Street Zen lowered shares of H. B. Fuller from a “buy” rating to a “hold” rating in a research note on Monday, November 24th. Citigroup upped their target price on H. B. Fuller from $70.00 to $76.00 and gave the company a “buy” rating in a research report on Friday, January 16th. 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 price target on H. B. Fuller in a research note on Friday, January 16th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of H. B. Fuller in a research report on Monday, December 29th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, H. B. Fuller presently has an average rating of “Hold” and a consensus price target of $67.75.
Read Our Latest Analysis on FUL
H. B. Fuller Trading Up 5.7%
The firm has a fifty day moving average price of $60.45 and a 200-day moving average price of $59.54. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.06 and a current ratio of 1.70. The company has a market capitalization of $3.62 billion, a price-to-earnings ratio of 22.22, a price-to-earnings-growth ratio of 0.91 and a beta of 1.10.
H. B. Fuller (NYSE:FUL – Get Free Report) last announced 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. The firm had revenue of $894.79 million for the quarter, compared to the consensus estimate of $901.34 million. H. B. Fuller had a net margin of 4.38% and a return on equity of 12.21%. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.92 earnings per share. As a group, equities analysts anticipate that H. B. Fuller Company will post 4.07 EPS for the current year.
H. B. Fuller Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Thursday, February 5th will be given a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Thursday, February 5th. H. B. Fuller’s dividend payout ratio is currently 31.33%.
Insider Transactions at H. B. Fuller
In other H. B. Fuller news, VP Nathan D. Weaver sold 7,075 shares of the business’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $58.38, for a total transaction of $413,038.50. Following the completion of the transaction, the vice president owned 9,441 shares of the company’s stock, valued at approximately $551,165.58. The trade was a 42.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.99% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On H. B. Fuller
Several hedge funds and other institutional investors have recently made changes to their positions in FUL. Salomon & Ludwin LLC bought a new position in H. B. Fuller in the 3rd quarter valued at approximately $28,000. Covestor Ltd increased its holdings in shares of H. B. Fuller by 22,833.3% during the third quarter. Covestor Ltd now owns 688 shares of the specialty chemicals company’s stock worth $41,000 after buying an additional 685 shares in the last quarter. TD Waterhouse Canada Inc. bought a new position in shares of H. B. Fuller in the 3rd quarter valued at $47,000. AdvisorNet Financial Inc boosted its holdings in shares of H. B. Fuller by 160.8% during the 3rd quarter. AdvisorNet Financial Inc now owns 845 shares of the specialty chemicals company’s stock valued at $50,000 after acquiring an additional 521 shares in the last quarter. Finally, Torren Management LLC acquired a new stake in shares of H. B. Fuller during the 4th quarter valued at $52,000. 95.93% of the stock is owned by 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.