H.B. Fuller (NYSE:FUL) Hits New 52-Week Low - What's Next?

H.B. Fuller (NYSE:FUL - Get Free Report) shares hit a new 52-week low on Wednesday . The stock traded as low as $59.35 and last traded at $59.85, with a volume of 7476 shares trading hands. The stock had previously closed at $60.68.

Wall Street Analysts Forecast Growth

FUL has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft lowered 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 note on Wednesday, January 22nd. Citigroup lowered their price objective 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. Vertical Research downgraded shares of H.B. Fuller from a "buy" rating to a "hold" rating in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of H.B. Fuller from $70.00 to $60.00 and set an "underweight" rating for the company in a research note on Friday, January 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, H.B. Fuller has a consensus rating of "Hold" and a consensus target price of $75.60.

H.B. Fuller Stock Up 0.3 %

The company has a debt-to-equity ratio of 1.10, a current ratio of 1.81 and a quick ratio of 1.16. The business's fifty day simple moving average is $65.14 and its two-hundred day simple moving average is $73.99. The company has a market cap of $3.32 billion, a PE ratio of 26.27, a PEG ratio of 1.17 and a beta of 1.42.

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H.B. Fuller (NYSE:FUL - Get Free Report) last released its quarterly earnings data 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). The firm had revenue of $923.00 million during the quarter, compared to analysts' expectations of $916.84 million. H.B. Fuller had a net margin of 3.65% and a return on equity of 12.01%. The firm's quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.32 EPS. On average, analysts predict that H.B. Fuller will post 4.07 earnings per share for the current year.

H.B. Fuller Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be paid a dividend of $0.2225 per share. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 1.47%. H.B. Fuller's dividend payout ratio is currently 38.53%.

Institutional Trading of H.B. Fuller

A number of institutional investors and hedge funds have recently modified their holdings of FUL. Jones Financial Companies Lllp increased its stake in shares of H.B. Fuller by 128.8% during the fourth quarter. Jones Financial Companies Lllp now owns 899 shares of the specialty chemicals company's stock worth $61,000 after purchasing an additional 506 shares in the last quarter. Sterling Capital Management LLC boosted its position in H.B. Fuller by 731.1% during the fourth quarter. Sterling Capital Management LLC now owns 1,255 shares of the specialty chemicals company's stock worth $85,000 after acquiring an additional 1,104 shares during the last quarter. Quantbot Technologies LP acquired a new position in H.B. Fuller during the fourth quarter worth about $266,000. New Age Alpha Advisors LLC acquired a new position in H.B. Fuller during the fourth quarter worth about $465,000. Finally, KLP Kapitalforvaltning AS acquired a new position in H.B. Fuller during the fourth quarter worth about $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.