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

H.B. Fuller (NYSE:FUL)’s stock price hit a new 52-week low on Wednesday . The company traded as low as $59.01 and last traded at $59.47, with a volume of 9623 shares traded. The stock had previously closed at $60.10.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. dropped their price objective on shares of H.B. Fuller from $70.00 to $60.00 and set an “underweight” rating on the stock in a research note on Friday, January 17th. Vertical Research downgraded shares of H.B. Fuller from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of 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, Citigroup decreased 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 research note on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, H.B. Fuller presently has a consensus rating of “Hold” and an average target price of $75.60.

H.B. Fuller Price Performance

The firm’s 50 day moving average price is $64.54 and its two-hundred day moving average price is $73.59. 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 stock has a market cap of $3.23 billion, a PE ratio of 25.58, a P/E/G ratio of 1.17 and a beta of 1.42.

H.B. Fuller (NYSE:FUL) last issued 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). H.B. Fuller had a net margin of 3.65% and a return on equity of 12.01%. The business had revenue of $923.00 million for the quarter, compared to the consensus estimate of $916.84 million. During the same period in the previous year, the firm earned $1.32 EPS. The company’s revenue was up 2.2% compared to the same quarter last year. On average, research analysts expect that H.B. Fuller will post 4.07 earnings per share for the current year.

H.B. Fuller Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be issued a dividend of $0.2225 per share. This represents a $0.89 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Thursday, February 6th. H.B. Fuller’s dividend payout ratio (DPR) is presently 38.53%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Jones Financial Companies Lllp boosted its stake in H.B. Fuller by 128.8% during the fourth quarter. Jones Financial Companies Lllp now owns 899 shares of the specialty chemicals company’s stock valued at $61,000 after buying an additional 506 shares during the period. Sterling Capital Management LLC boosted its position in shares of H.B. Fuller by 731.1% during the 4th quarter. Sterling Capital Management LLC now owns 1,255 shares of the specialty chemicals company’s stock valued at $85,000 after acquiring an additional 1,104 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of H.B. Fuller during the fourth quarter worth about $266,000. New Age Alpha Advisors LLC bought a new position in shares of H.B. Fuller in the fourth quarter worth approximately $465,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in H.B. Fuller in the fourth quarter valued at approximately $783,000. 95.93% of the stock is currently owned by hedge funds and other institutional investors.

H.B. Fuller Company Profile

H.B. Fuller Company, 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.