H.B. Fuller (NYSE:FUL) Reaches New 1-Year Low - Here's What Happened

H.B. Fuller (NYSE:FUL - Get Free Report) reached a new 52-week low during trading on Wednesday . The company traded as low as $56.80 and last traded at $57.14, with a volume of 101779 shares changing hands. The stock had previously closed at $57.87.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Vertical Research lowered H.B. Fuller from a "buy" rating to a "hold" rating in a research note on Monday, January 6th. JPMorgan Chase & Co. cut their price target on shares of H.B. Fuller from $70.00 to $60.00 and set an "underweight" rating on the stock in a research report on Friday, January 17th. 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 cut their target price on shares of H.B. Fuller from $78.00 to $68.00 and set a "neutral" rating on the stock in a report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, H.B. Fuller currently has a consensus rating of "Hold" and a consensus target price of $75.60.

H.B. Fuller Price Performance

The company has a current ratio of 1.81, a quick ratio of 1.16 and a debt-to-equity ratio of 1.10. The company has a fifty day moving average price of $62.30 and a two-hundred day moving average price of $72.40. The firm has a market cap of $3.10 billion, a P/E ratio of 24.54, a PEG ratio of 1.13 and a beta of 1.42.

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H.B. Fuller (NYSE:FUL - Get Free Report) last announced its quarterly earnings results on Wednesday, January 15th. The specialty chemicals company reported $0.92 earnings per share 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 company had revenue of $923.00 million during the quarter, compared to the consensus estimate of $916.84 million. During the same period in the previous year, the firm posted $1.32 EPS. The business's quarterly revenue was up 2.2% compared to the same quarter last year. Equities analysts anticipate that H.B. Fuller will post 4.07 earnings per share for the current year.

H.B. Fuller Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were paid a $0.2225 dividend. This represents a $0.89 annualized dividend and a dividend yield of 1.57%. The ex-dividend date was Thursday, February 6th. H.B. Fuller's dividend payout ratio is 38.53%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FUL. Jones Financial Companies Lllp lifted its stake in H.B. Fuller by 128.8% in the 4th quarter. Jones Financial Companies Lllp now owns 899 shares of the specialty chemicals company's stock valued at $61,000 after acquiring an additional 506 shares in the last quarter. Sterling Capital Management LLC raised its holdings 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 last quarter. Quantbot Technologies LP bought a new stake in shares of H.B. Fuller in the fourth quarter worth $266,000. New Age Alpha Advisors LLC acquired a new position in H.B. Fuller during the fourth quarter worth $465,000. Finally, KLP Kapitalforvaltning AS bought a new position in H.B. Fuller in the fourth quarter valued at $783,000. 95.93% of the stock is owned by institutional investors and hedge funds.

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.