H.B. Fuller (NYSE:FUL) Sets New 12-Month Low - Here's What Happened

H.B. Fuller (NYSE:FUL - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $54.00 and last traded at $54.07, with a volume of 88868 shares trading hands. The stock had previously closed at $55.57.

Analyst Ratings Changes

Several brokerages have issued reports on FUL. Deutsche Bank Aktiengesellschaft dropped their target price on shares of H.B. Fuller from $75.00 to $72.00 and set a "buy" rating for the company in a research report on Wednesday, January 22nd. Seaport Res Ptn lowered shares of H.B. Fuller from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Vertical Research lowered shares of H.B. Fuller from a "buy" rating to a "hold" rating in a research report on Monday, January 6th. JPMorgan Chase & Co. dropped their target price on shares of H.B. Fuller from $70.00 to $60.00 and set an "underweight" rating for the company in a research report on Friday, January 17th. Finally, Citigroup dropped their target price on shares of H.B. Fuller from $78.00 to $68.00 and set a "neutral" rating for the company in a research report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $75.60.

H.B. Fuller Trading Up 0.9 %

The stock has a market capitalization of $2.89 billion, a P/E ratio of 23.11, a price-to-earnings-growth ratio of 1.13 and a beta of 1.41. 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 stock's fifty day moving average price is $60.01 and its two-hundred day moving average price is $70.62.

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

H.B. Fuller Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were issued a dividend of $0.2225 per share. The ex-dividend date was Thursday, February 6th. This represents a $0.89 dividend on an annualized basis and a yield of 1.67%. H.B. Fuller's dividend payout ratio is currently 38.53%.

Institutional Investors Weigh In On H.B. Fuller

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MetLife Investment Management LLC increased its position in H.B. Fuller by 4.7% during the 4th quarter. MetLife Investment Management LLC now owns 33,058 shares of the specialty chemicals company's stock valued at $2,231,000 after purchasing an additional 1,472 shares during the period. Sterling Capital Management LLC increased its position in 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 purchasing an additional 1,104 shares during the period. Kennedy Capital Management LLC increased its position in H.B. Fuller by 13.4% during the 4th quarter. Kennedy Capital Management LLC now owns 127,896 shares of the specialty chemicals company's stock valued at $8,630,000 after purchasing an additional 15,100 shares during the period. New Age Alpha Advisors LLC purchased a new position in H.B. Fuller during the 4th quarter valued at $465,000. Finally, KLP Kapitalforvaltning AS purchased a new position in H.B. Fuller during the 4th quarter valued at $783,000. 95.93% of the stock is currently owned by institutional investors.

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.