H.B. Fuller (NYSE:FUL) Lowered to Hold at StockNews.com

StockNews.com cut shares of H.B. Fuller (NYSE:FUL) from a buy rating to a hold rating in a report published on Wednesday.

H.B. Fuller Trading Down 3.0 %

Shares of NYSE FUL opened at $81.40 on Wednesday. The company has a current ratio of 1.89, a quick ratio of 1.16 and a debt-to-equity ratio of 1.13. H.B. Fuller has a one year low of $64.64 and a one year high of $87.67. The business has a 50-day moving average price of $81.99 and a two-hundred day moving average price of $79.53. The firm has a market capitalization of $4.44 billion, a PE ratio of 27.78, a PEG ratio of 1.27 and a beta of 1.42.

H.B. Fuller (NYSE:FUL) last posted its quarterly 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 business had revenue of $917.10 million during the quarter, compared to analysts’ expectations of $914.22 million. H.B. Fuller had a net margin of 4.67% and a return on equity of 13.33%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the company posted $0.93 earnings per share. As a group, analysts predict that H.B. Fuller will post 4.4 earnings per share for the current fiscal year.

H.B. Fuller Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, July 31st were paid a $0.2225 dividend. 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 dividend on an annualized basis and a dividend yield of 1.09%. H.B. Fuller’s dividend payout ratio is 30.38%.

Insider Activity at H.B. Fuller

In other H.B. Fuller news, VP Heather Campe sold 23,696 shares of the company’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $82.66, for a total value of $1,958,711.36. Following the transaction, the vice president now directly owns 19,742 shares of the company’s stock, valued at approximately $1,631,873.72. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.96% of the company’s stock.

Institutional Investors Weigh In On H.B. Fuller

Several large investors have recently made changes to their positions in FUL. Central Pacific Bank Trust Division acquired a new position in H.B. Fuller during the first quarter worth $79,000. Security National Bank of SO Dak acquired a new position in shares of H.B. Fuller during the 4th quarter valued at about $236,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of H.B. Fuller during the 4th quarter valued at about $738,000. Neuberger Berman Group LLC raised its stake in shares of 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 acquiring an additional 179 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings 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 worth $3,600,000 after purchasing an additional 4,077 shares during 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.