H.B. Fuller (NYSE:FUL) Hits 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 trading on Wednesday . The company traded as low as $54.00 and last traded at $54.07, with a volume of 88868 shares. The stock had previously closed at $55.57.

Analyst Ratings Changes

Several research firms have weighed in on FUL. Seaport Res Ptn lowered H.B. Fuller from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. 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. Citigroup lowered 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 note on Friday, January 3rd. Finally, Vertical Research cut shares of H.B. Fuller from a "buy" rating to a "hold" rating in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $75.60.

H.B. Fuller Trading Up 0.2 %

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 firm has a market capitalization of $2.87 billion, a P/E ratio of 22.94, a PEG ratio of 1.13 and a beta of 1.41. The business has a 50 day moving average of $60.38 and a 200-day moving average of $71.04.

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H.B. Fuller (NYSE:FUL - Get Free Report) last released its quarterly earnings results on Wednesday, January 15th. The specialty chemicals company reported $0.92 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $916.84 million. During the same quarter last year, the company earned $1.32 EPS. The firm's quarterly revenue was up 2.2% compared to the same quarter last year. Analysts anticipate that H.B. Fuller will post 4.07 EPS for the current fiscal year.

H.B. Fuller Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders 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 1.68%. H.B. Fuller's dividend payout ratio (DPR) is 38.53%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Lord Abbett & CO. LLC boosted its position in H.B. Fuller by 79.8% during the 3rd quarter. Lord Abbett & CO. LLC now owns 730,058 shares of the specialty chemicals company's stock worth $57,952,000 after acquiring an additional 324,056 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of H.B. Fuller by 17.2% in the fourth quarter. Bank of New York Mellon Corp now owns 554,947 shares of the specialty chemicals company's stock worth $37,448,000 after purchasing an additional 81,558 shares in the last quarter. Geode Capital Management LLC boosted its holdings in H.B. Fuller by 1.5% during the third quarter. Geode Capital Management LLC now owns 1,258,752 shares of the specialty chemicals company's stock worth $99,939,000 after purchasing an additional 18,734 shares during the last quarter. S&CO Inc. boosted its holdings in H.B. Fuller by 0.3% during the third quarter. S&CO Inc. now owns 267,192 shares of the specialty chemicals company's stock worth $21,209,000 after purchasing an additional 920 shares during the last quarter. Finally, Wesbanco Bank Inc. grew its position in H.B. Fuller by 41.2% in the fourth quarter. Wesbanco Bank Inc. now owns 13,700 shares of the specialty chemicals company's stock valued at $924,000 after purchasing an additional 4,000 shares in the last quarter. 95.93% of the stock is currently owned by institutional investors.

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.