HB Fuller (FUL) Reaches New 1-Year Low at $44.99

HB Fuller Co (NYSE:FUL) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as $44.99 and last traded at $45.09, with a volume of 13056 shares changing hands. The stock had previously closed at $46.04.

A number of research analysts have recently issued reports on the company. Zacks Investment Research upgraded HB Fuller from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a report on Wednesday, August 29th. Berenberg Bank assumed coverage on HB Fuller in a report on Thursday, July 12th. They issued a “buy” rating and a $65.00 price target on the stock. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $57.00 price target on shares of HB Fuller in a report on Thursday, July 5th. ValuEngine downgraded HB Fuller from a “hold” rating to a “sell” rating in a report on Friday, September 28th. Finally, Robert W. Baird cut their price target on HB Fuller from $60.00 to $55.00 and set a “neutral” rating on the stock in a report on Friday, September 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $61.00.

The company has a quick ratio of 1.48, a current ratio of 2.25 and a debt-to-equity ratio of 2.03. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 18.26, a price-to-earnings-growth ratio of 0.79 and a beta of 1.42.

HB Fuller (NYSE:FUL) last announced its earnings results on Wednesday, September 26th. The specialty chemicals company reported $0.86 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.04). HB Fuller had a return on equity of 13.41% and a net margin of 4.14%. The business had revenue of $770.11 million for the quarter, compared to analysts’ expectations of $784.75 million. As a group, analysts forecast that HB Fuller Co will post 3.11 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 1st. Investors of record on Thursday, October 18th will be paid a dividend of $0.155 per share. The ex-dividend date of this dividend is Wednesday, October 17th. This represents a $0.62 annualized dividend and a yield of 1.38%. HB Fuller’s dividend payout ratio (DPR) is 24.80%.

In related news, VP Traci L. Jensen sold 4,508 shares of the business’s stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $57.45, for a total transaction of $258,984.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Steven Kenny sold 2,200 shares of the business’s stock in a transaction on Monday, July 30th. The stock was sold at an average price of $56.19, for a total value of $123,618.00. Following the transaction, the vice president now owns 30,173 shares in the company, valued at $1,695,420.87. The disclosure for this sale can be found here. 3.46% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in FUL. Cornerstone Wealth Management LLC acquired a new stake in HB Fuller during the 3rd quarter worth about $1,078,000. Ronna Sue Cohen lifted its position in HB Fuller by 2.1% during the 3rd quarter. Ronna Sue Cohen now owns 59,214 shares of the specialty chemicals company’s stock worth $3,060,000 after acquiring an additional 1,227 shares during the period. Personal Capital Advisors Corp lifted its position in HB Fuller by 9.4% during the 3rd quarter. Personal Capital Advisors Corp now owns 77,231 shares of the specialty chemicals company’s stock worth $3,991,000 after acquiring an additional 6,658 shares during the period. Northern Trust Corp lifted its position in HB Fuller by 5.0% during the 2nd quarter. Northern Trust Corp now owns 1,189,072 shares of the specialty chemicals company’s stock worth $63,830,000 after acquiring an additional 56,943 shares during the period. Finally, Jane Street Group LLC acquired a new stake in HB Fuller during the 2nd quarter worth about $269,000. Hedge funds and other institutional investors own 97.65% of the company’s stock.

HB Fuller Company Profile (NYSE:FUL)

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, and other specialty chemical products worldwide. The company operates through six segments: Americas Adhesives; EIMEA (Europe, India, Middle East and Africa); Asia Pacific; Construction Products; Engineering Adhesives; and Royal Adhesives.

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