H.B. Fuller (NYSE:FUL) Sets New 12-Month Low – Here’s What Happened

H.B. Fuller (NYSE:FUL)’s share price hit 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. The stock had previously closed at $67.63.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on FUL shares. StockNews.com lowered H.B. Fuller from a “buy” rating to a “hold” rating in a research report on Wednesday, September 18th. Citigroup lowered their price target on shares of H.B. Fuller from $85.00 to $78.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $92.75.

H.B. Fuller Stock Performance

The stock has a market cap of $3.65 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 1.25 and a beta of 1.41. The company’s 50 day simple moving average is $74.31 and its 200 day simple moving average is $78.24. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.16 and a current ratio of 1.89.

H.B. Fuller Dividend Announcement

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

Hedge Funds Weigh In On H.B. Fuller

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. S&CO Inc. raised its stake in shares of H.B. Fuller by 0.3% in the 3rd quarter. S&CO Inc. now owns 267,192 shares of the specialty chemicals company’s stock worth $21,209,000 after buying an additional 920 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its holdings in H.B. Fuller by 8.1% during the second 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 during the period. Bank of New York Mellon Corp raised its position 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 in the last quarter. Geode Capital Management LLC lifted its holdings in H.B. Fuller by 1.5% in the 3rd 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 during the last quarter. Finally, Marshall Wace LLP boosted its position in shares of H.B. Fuller by 9.9% during the 2nd quarter. Marshall Wace LLP now owns 290,005 shares of the specialty chemicals company’s stock valued at $22,319,000 after purchasing an additional 26,239 shares in the last quarter. 95.93% of the stock is owned by institutional investors.

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.