H. B. Fuller (NYSE:FUL) Stock Price Down 4.5% – Here’s Why

H. B. Fuller Company (NYSE:FUL)’s stock price traded down 4.5% during trading on Wednesday . The stock traded as low as $59.87 and last traded at $57.4760. 109,980 shares were traded during mid-day trading, a decline of 75% from the average session volume of 448,716 shares. The stock had previously closed at $60.19.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FUL. Weiss Ratings reiterated a “hold (c)” rating on shares of H. B. Fuller in a research report on Monday. UBS Group initiated coverage on H. B. Fuller in a research note on Friday, November 21st. They issued a “neutral” rating and a $60.00 target price on the stock. Wall Street Zen cut H. B. Fuller from a “buy” rating to a “hold” rating in a report on Monday, November 24th. Citigroup raised H. B. Fuller from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $62.00 to $70.00 in a report on Wednesday, October 22nd. Finally, Seaport Res Ptn upgraded shares of H. B. Fuller from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 26th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $66.20.

H. B. Fuller Price Performance

The firm has a fifty day moving average of $58.60 and a two-hundred day moving average of $59.11. The company has a current ratio of 1.93, a quick ratio of 1.18 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $3.11 billion, a PE ratio of 31.07, a PEG ratio of 0.98 and a beta of 1.09.

H. B. Fuller (NYSE:FUL) last released its quarterly earnings data on Wednesday, April 13th. The specialty chemicals company reported $0.66 earnings per share for the quarter. H. B. Fuller had a return on equity of 11.49% and a net margin of 3.28%.The firm had revenue of $725.90 million during the quarter. H. B. Fuller has set its FY 2022 guidance at $4.100-$4.350 EPS. Research analysts anticipate that H. B. Fuller Company will post 4.07 EPS for the current fiscal year.

H. B. Fuller Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 30th. Investors of record on Thursday, October 16th were paid a $0.235 dividend. The ex-dividend date of this dividend was Thursday, October 16th. This represents a $0.94 annualized dividend and a dividend yield of 1.6%. H. B. Fuller’s dividend payout ratio (DPR) is presently 50.81%.

Insider Buying and Selling

In other news, CFO John J. Corkrean sold 14,222 shares of the firm’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $60.31, for a total value of $857,728.82. Following the completion of the sale, the chief financial officer directly owned 54,646 shares of the company’s stock, valued at approximately $3,295,700.26. This trade represents a 20.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Nathan D. Weaver sold 7,075 shares of the stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $58.38, for a total value of $413,038.50. Following the completion of the transaction, the vice president directly owned 9,441 shares of the company’s stock, valued at $551,165.58. This represents a 42.84% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.99% of the stock is owned by corporate insiders.

Institutional Trading of H. B. Fuller

A number of hedge funds have recently made changes to their positions in FUL. Salomon & Ludwin LLC purchased a new stake in shares of H. B. Fuller in the third quarter worth $28,000. Parallel Advisors LLC grew its position in H. B. Fuller by 141.6% during the 2nd quarter. Parallel Advisors LLC now owns 534 shares of the specialty chemicals company’s stock valued at $32,000 after purchasing an additional 313 shares during the last quarter. Covestor Ltd increased its stake in H. B. Fuller by 22,833.3% during the 3rd quarter. Covestor Ltd now owns 688 shares of the specialty chemicals company’s stock valued at $41,000 after purchasing an additional 685 shares in the last quarter. TD Waterhouse Canada Inc. purchased a new position in H. B. Fuller in the third quarter worth about $47,000. Finally, AdvisorNet Financial Inc lifted its stake in shares of H. B. Fuller by 160.8% in the third quarter. AdvisorNet Financial Inc now owns 845 shares of the specialty chemicals company’s stock worth $50,000 after buying an additional 521 shares in the last quarter. 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.