H.B. Fuller (NYSE:FUL) Sets New 1-Year Low - Here's Why

H.B. Fuller (NYSE:FUL - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $52.15 and last traded at $51.69, with a volume of 41698 shares traded. The stock had previously closed at $54.34.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on FUL shares. Deutsche Bank Aktiengesellschaft reduced their price target on shares of H.B. Fuller from $75.00 to $72.00 and set a "buy" rating on the stock in a report on Wednesday, January 22nd. Seaport Res Ptn downgraded H.B. Fuller from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Citigroup cut their price target on H.B. Fuller from $78.00 to $68.00 and set a "neutral" rating for the company in a report on Friday, January 3rd. Vertical Research cut H.B. Fuller from a "buy" rating to a "hold" rating in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. reduced their target price on shares of H.B. Fuller from $60.00 to $50.00 and set an "underweight" rating on the stock in a report on Friday, March 28th. 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's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $63.33.

H.B. Fuller Stock Up 11.0 %

The firm has a market cap of $2.91 billion, a price-to-earnings ratio of 23.28, a PEG ratio of 1.13 and a beta of 1.27. The firm has a fifty day moving average price of $56.80 and a 200-day moving average price of $67.13. The company has a quick ratio of 1.16, a current ratio of 1.81 and a debt-to-equity ratio of 1.10.

H.B. Fuller (NYSE:FUL - Get Free Report) last issued its quarterly earnings results on Wednesday, March 26th. The specialty chemicals company reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.49 by $0.05. The firm had revenue of $788.66 million for the quarter, compared to analyst estimates of $769.55 million. H.B. Fuller had a return on equity of 12.01% and a net margin of 3.65%. The firm's quarterly revenue was down 2.7% on a year-over-year basis. During the same period last year, the company earned $0.67 EPS. As a group, sell-side 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 was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were issued a $0.2225 dividend. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 1.66%. H.B. Fuller's dividend payout ratio (DPR) is presently 44.50%.

Insider Activity

In other news, CEO Celeste Beeks Mastin acquired 3,500 shares of H.B. Fuller stock in a transaction dated Tuesday, April 1st. The shares were acquired at an average cost of $56.66 per share, with a total value of $198,310.00. Following the purchase, the chief executive officer now directly owns 3,500 shares of the company's stock, valued at approximately $198,310. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.99% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Jones Financial Companies Lllp increased its position in shares of H.B. Fuller by 128.8% in the fourth quarter. Jones Financial Companies Lllp now owns 899 shares of the specialty chemicals company's stock worth $61,000 after acquiring an additional 506 shares in the last quarter. Sterling Capital Management LLC boosted its stake in shares of H.B. Fuller by 731.1% in the fourth 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 during the period. Quantbot Technologies LP acquired a new stake in shares of H.B. Fuller during the fourth quarter valued at about $266,000. New Age Alpha Advisors LLC purchased a new stake in H.B. Fuller during the 4th quarter worth approximately $465,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in H.B. Fuller in the fourth quarter valued at $783,000. Hedge funds and other institutional investors own 95.93% of the company's stock.

About H.B. Fuller

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.