H. B. Fuller (NYSE:FUL) Sets New 1-Year High – What’s Next?

Shares of H. B. Fuller Company (NYSE:FUL) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $67.70 and last traded at $66.9570, with a volume of 24686 shares changing hands. The stock had previously closed at $66.37.

Analyst Ratings Changes

Several brokerages recently commented on FUL. UBS Group set a $66.00 price objective on H. B. Fuller in a report on Friday, January 16th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of H. B. Fuller in a report on Friday, January 16th. Citigroup upped their price objective on shares of H. B. Fuller from $70.00 to $76.00 and gave the stock a “buy” rating in a research note on Friday, January 16th. Weiss Ratings reissued a “hold (c)” rating on shares of H. B. Fuller in a report on Monday, December 29th. Finally, Wall Street Zen cut shares of H. B. Fuller from a “buy” rating to a “hold” rating in a report on Monday, November 24th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $67.75.

H. B. Fuller Stock Performance

The company has a current ratio of 1.70, a quick ratio of 1.06 and a debt-to-equity ratio of 1.01. The firm’s fifty day moving average price is $61.21 and its 200-day moving average price is $59.75. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 0.98 and a beta of 1.10.

H. B. Fuller (NYSE:FUL) last released its quarterly earnings results on Thursday, January 15th. The specialty chemicals company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.04. H. B. Fuller had a return on equity of 12.21% and a net margin of 4.38%.The firm had revenue of $894.79 million for the quarter, compared to analyst estimates of $901.34 million. During the same quarter last year, the company posted $0.92 earnings per share. The business’s revenue was down 3.1% on a year-over-year basis. Analysts expect that H. B. Fuller Company 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 19th. Investors of record on Thursday, February 5th will be paid a $0.235 dividend. The ex-dividend date of this dividend is Thursday, February 5th. This represents a $0.94 dividend on an annualized basis and a yield of 1.4%. H. B. Fuller’s dividend payout ratio is presently 31.33%.

Insider Buying and Selling at H. B. Fuller

In other H. B. Fuller news, VP Nathan D. Weaver sold 7,075 shares of the firm’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $58.38, for a total transaction of $413,038.50. Following the sale, the vice president directly owned 9,441 shares of the company’s stock, valued at $551,165.58. This trade represents a 42.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.99% of the stock is currently owned by company insiders.

Institutional Trading of H. B. Fuller

Several hedge funds and other institutional investors have recently bought and sold shares of FUL. CIBC Asset Management Inc lifted its stake in shares of H. B. Fuller by 3.6% during the 4th quarter. CIBC Asset Management Inc now owns 5,273 shares of the specialty chemicals company’s stock worth $314,000 after purchasing an additional 185 shares during the period. Goldman Sachs Group Inc. lifted its position in H. B. Fuller by 52.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 820,255 shares of the specialty chemicals company’s stock worth $48,772,000 after buying an additional 281,707 shares during the period. Ellevest Inc. boosted its stake in H. B. Fuller by 7.2% in the 4th quarter. Ellevest Inc. now owns 3,626 shares of the specialty chemicals company’s stock worth $216,000 after buying an additional 245 shares during the last quarter. Norges Bank purchased a new stake in H. B. Fuller in the 4th quarter valued at about $44,203,000. Finally, Eurizon Capital SGR S.p.A. acquired a new position in shares of H. B. Fuller during the 4th quarter valued at about $2,283,000. 95.93% of the stock is owned by hedge funds and other institutional investors.

About H. B. Fuller

H. B. Fuller Company, founded in 1887 and headquartered in St. Paul, Minnesota, is a global adhesives and specialty chemical solutions provider serving a wide array of industries. The company develops, manufactures and markets adhesive technologies, sealants, polymers and related chemical products designed to enhance product performance, sustainability and manufacturing efficiency.

Fuller’s product portfolio spans multiple market segments, including packaging and converting, general industrial assembly, electronics, transportation, hygiene and construction.