H.B. Fuller (NYSE:FUL) Short Interest Update

H.B. Fuller (NYSE:FUL - Get Free Report) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 930,100 shares, an increase of 20.3% from the August 15th total of 772,900 shares. Based on an average daily volume of 323,700 shares, the short-interest ratio is presently 2.9 days.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded H.B. Fuller from a "buy" rating to a "hold" rating in a report on Monday, September 9th.

Insider Activity at H.B. Fuller

In related news, VP Heather Campe sold 23,696 shares of the firm's stock in a transaction on Friday, July 12th. The stock was sold at an average price of $82.66, for a total transaction of $1,958,711.36. Following the sale, the vice president now owns 19,742 shares of the company's stock, valued at approximately $1,631,873.72. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.96% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FUL. Central Pacific Bank Trust Division acquired a new position in shares of H.B. Fuller in the 1st quarter valued at about $79,000. Security National Bank of SO Dak acquired a new position in shares of H.B. Fuller in the 4th quarter valued at about $236,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of H.B. Fuller in the 4th quarter valued at about $738,000. Neuberger Berman Group LLC increased its position in H.B. Fuller by 1.6% in the 4th quarter. Neuberger Berman Group LLC now owns 11,353 shares of the specialty chemicals company's stock valued at $924,000 after buying an additional 179 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in H.B. Fuller by 9.9% in the 1st quarter. BNP Paribas Financial Markets now owns 45,152 shares of the specialty chemicals company's stock valued at $3,600,000 after buying an additional 4,077 shares in the last quarter. 95.93% of the stock is owned by institutional investors and hedge funds.

H.B. Fuller Trading Up 1.8 %

FUL traded up $1.39 during midday trading on Friday, hitting $80.78. 269,355 shares of the company were exchanged, compared to its average volume of 300,253. The firm has a market capitalization of $4.40 billion, a P/E ratio of 27.57, a P/E/G ratio of 1.27 and a beta of 1.42. H.B. Fuller has a 1-year low of $64.64 and a 1-year high of $87.67. The firm's 50 day moving average price is $81.73 and its 200-day moving average price is $79.45. The company has a quick ratio of 1.16, a current ratio of 1.89 and a debt-to-equity ratio of 1.13.

H.B. Fuller (NYSE:FUL - Get Free Report) last announced its earnings results on Thursday, June 27th. The specialty chemicals company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.03 by $0.09. The firm had revenue of $917.10 million for the quarter, compared to the consensus estimate of $914.22 million. H.B. Fuller had a return on equity of 13.33% and a net margin of 4.67%. The business's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.93 EPS. As a group, equities analysts forecast that H.B. Fuller will post 4.4 EPS for the current fiscal year.

H.B. Fuller Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st were issued a dividend of $0.2225 per share. The ex-dividend date was Wednesday, July 31st. This is an increase from H.B. Fuller's previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a yield of 1.10%. H.B. Fuller's payout ratio is presently 30.38%.

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.