H.B. Fuller (NYSE:FUL) Sets New 1-Year Low - Here's Why

Shares of H.B. Fuller (NYSE:FUL - Get Free Report) reached a new 52-week low on Monday . The company traded as low as $66.46 and last traded at $66.53, with a volume of 19776 shares trading hands. The stock had previously closed at $67.63.

Analysts Set New Price Targets

FUL has been the topic of several recent analyst reports. Citigroup reduced their target price on shares of H.B. Fuller from $85.00 to $78.00 and set a "neutral" rating on the stock in a research note on Wednesday, December 18th. StockNews.com downgraded shares of H.B. Fuller from a "buy" rating to a "hold" rating in a research note on Wednesday, September 18th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $92.75.

H.B. Fuller Trading Down 0.8 %

The stock has a market capitalization of $3.66 billion, a P/E ratio of 20.71, a PEG ratio of 1.25 and a beta of 1.41. The stock's fifty day moving average price is $74.31 and its 200 day moving average price is $78.24. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.89 and a quick ratio of 1.16.

H.B. Fuller Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th were paid a $0.2225 dividend. The ex-dividend date was Thursday, October 17th. This represents a $0.89 dividend on an annualized basis and a yield of 1.33%. H.B. Fuller's dividend payout ratio is currently 27.47%.

Institutional Trading of H.B. Fuller

Several institutional investors and hedge funds have recently modified their holdings of FUL. Lord Abbett & CO. LLC increased its holdings 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 purchasing an additional 324,056 shares during the period. Marshall Wace LLP raised its holdings in shares of H.B. Fuller by 9.9% in the second quarter. Marshall Wace LLP now owns 290,005 shares of the specialty chemicals company's stock valued at $22,319,000 after acquiring an additional 26,239 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of H.B. Fuller by 1.5% in the third quarter. Geode Capital Management LLC now owns 1,258,752 shares of the specialty chemicals company's stock valued at $99,939,000 after acquiring an additional 18,734 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in H.B. Fuller by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 525,731 shares of the specialty chemicals company's stock worth $40,460,000 after acquiring an additional 7,292 shares during the period. Finally, Dorsey & Whitney Trust CO LLC grew its holdings in H.B. Fuller by 8.1% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 71,354 shares of the specialty chemicals company's stock worth $5,491,000 after acquiring an additional 5,356 shares in the last quarter. 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.