H.B. Fuller (NYSE:FUL) Sees Large Growth in Short Interest

H.B. Fuller (NYSE:FULGet Free Report) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 836,400 shares, a growth of 11.0% from the February 29th total of 753,300 shares. Based on an average daily trading volume, of 274,900 shares, the short-interest ratio is currently 3.0 days.

Analyst Ratings Changes

FUL has been the subject of a number of analyst reports. StockNews.com raised shares of H.B. Fuller from a “hold” rating to a “buy” rating in a research note on Thursday, January 18th. Robert W. Baird upped their price target on shares of H.B. Fuller from $80.00 to $90.00 and gave the stock a “neutral” rating in a research note on Monday. Vertical Research started coverage on shares of H.B. Fuller in a research note on Tuesday, March 19th. They issued a “buy” rating and a $88.00 price target for the company. Finally, Stifel Nicolaus upped their price target on shares of H.B. Fuller from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, January 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, H.B. Fuller currently has an average rating of “Hold” and an average price target of $86.20.

Read Our Latest Stock Report on FUL

H.B. Fuller Price Performance

Shares of NYSE:FUL traded down $0.04 during trading on Tuesday, reaching $78.88. The company had a trading volume of 387,386 shares, compared to its average volume of 298,766. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.23 and a current ratio of 1.99. The firm’s fifty day moving average is $78.42 and its 200 day moving average is $75.66. H.B. Fuller has a twelve month low of $62.57 and a twelve month high of $84.31. The firm has a market capitalization of $4.28 billion, a PE ratio of 28.68, a price-to-earnings-growth ratio of 1.26 and a beta of 1.52.

H.B. Fuller (NYSE:FULGet Free Report) last released its earnings results on Wednesday, March 27th. The specialty chemicals company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.03. H.B. Fuller had a net margin of 4.39% and a return on equity of 12.88%. The business had revenue of $810.42 million for the quarter, compared to the consensus estimate of $823.04 million. During the same period in the previous year, the firm earned $0.55 EPS. The business’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities analysts forecast that H.B. Fuller will post 4.35 EPS for the current year.

H.B. Fuller Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 21st. Investors of record on Wednesday, February 7th were issued a $0.205 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.04%. H.B. Fuller’s payout ratio is currently 29.82%.

Insider Activity

In other news, VP Heather Campe sold 3,450 shares of H.B. Fuller stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $76.83, for a total value of $265,063.50. Following the completion of the transaction, the vice president now directly owns 19,736 shares of the company’s stock, valued at approximately $1,516,316.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other H.B. Fuller news, VP Heather Campe sold 3,450 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $76.83, for a total transaction of $265,063.50. Following the completion of the transaction, the vice president now directly owns 19,736 shares of the company’s stock, valued at approximately $1,516,316.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Muhammad Shahbaz Malik sold 14,000 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $76.28, for a total transaction of $1,067,920.00. Following the transaction, the vice president now directly owns 9,089 shares of the company’s stock, valued at $693,308.92. The disclosure for this sale can be found here. In the last three months, insiders sold 30,693 shares of company stock valued at $2,353,357. Company insiders own 1.96% of the company’s stock.

Institutional Trading of H.B. Fuller

Hedge funds and other institutional investors have recently made changes to their positions in the business. Eagle Bay Advisors LLC acquired a new stake in shares of H.B. Fuller during the second quarter valued at approximately $33,000. Arlington Trust Co LLC acquired a new stake in shares of H.B. Fuller during the fourth quarter valued at approximately $134,000. Security National Bank of SO Dak acquired a new stake in shares of H.B. Fuller during the fourth quarter valued at approximately $236,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of H.B. Fuller during the fourth quarter valued at approximately $418,000. Finally, Wesbanco Bank Inc. raised its holdings in shares of H.B. Fuller by 90.2% during the third quarter. Wesbanco Bank Inc. now owns 9,700 shares of the specialty chemicals company’s stock valued at $666,000 after acquiring an additional 4,600 shares during the period. 95.93% of the stock is currently owned by institutional investors.

About H.B. Fuller

(Get Free Report)

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.

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