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

H.B. Fuller (NYSE:FUL - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $55.38 and last traded at $55.63, with a volume of 369290 shares traded. The stock had previously closed at $56.74.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FUL. 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 research note on Friday, January 3rd. JPMorgan Chase & Co. decreased 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 report on Friday, January 17th. Vertical Research downgraded H.B. Fuller from a "buy" rating to a "hold" rating in a research note on Monday, January 6th. Seaport Res Ptn cut H.B. Fuller from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft lowered their price target 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $75.60.

H.B. Fuller Stock Down 0.1 %

The stock has a market cap of $3.12 billion, a P/E ratio of 24.70, 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 50-day moving average is $61.30 and its 200-day moving average is $71.82.

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H.B. Fuller (NYSE:FUL - Get Free Report) last posted its quarterly earnings data on Wednesday, January 15th. The specialty chemicals company reported $0.92 earnings per share (EPS) 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 the consensus estimate of $916.84 million. During the same quarter last year, the business earned $1.32 earnings per share. The company's revenue was up 2.2% on a year-over-year basis. As a group, research analysts anticipate that H.B. Fuller will post 4.07 earnings per share for the current fiscal year.

H.B. Fuller Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were paid a dividend of $0.2225 per share. This represents a $0.89 annualized dividend and a yield of 1.56%. The ex-dividend date was Thursday, February 6th. H.B. Fuller's dividend payout ratio is presently 38.53%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FUL. Jones Financial Companies Lllp grew its holdings in shares of 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 worth $61,000 after acquiring an additional 506 shares during the last quarter. Sterling Capital Management LLC increased its stake in H.B. Fuller by 731.1% in the 4th quarter. Sterling Capital Management LLC now owns 1,255 shares of the specialty chemicals company's stock worth $85,000 after purchasing an additional 1,104 shares in the last quarter. Quantbot Technologies LP acquired a new stake in H.B. Fuller during the 4th quarter worth about $266,000. New Age Alpha Advisors LLC purchased a new stake in H.B. Fuller during the fourth quarter valued at about $465,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of H.B. Fuller in the fourth quarter worth about $783,000. Institutional investors own 95.93% of the company's stock.

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.