H.B. Fuller (NYSE:FUL) Short Interest Up 17.5% in November

H.B. Fuller (NYSE:FUL) saw a large growth in short interest in November. As of November 15th, there was short interest totalling 1,210,000 shares, a growth of 17.5% from the October 31st total of 1,030,000 shares. Based on an average daily trading volume, of 291,800 shares, the days-to-cover ratio is presently 4.1 days.

Hedge Funds Weigh In On H.B. Fuller

A number of hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC boosted its stake in shares of H.B. Fuller by 1.5% in the third quarter. Geode Capital Management LLC now owns 1,258,752 shares of the specialty chemicals company’s stock worth $99,939,000 after acquiring an additional 18,734 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of 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 buying an additional 7,292 shares during the period. Marshall Wace LLP raised its holdings in shares of H.B. Fuller by 9.9% in the second quarter. Marshall Wace LLP now owns 290,005 shares of the specialty chemicals company’s stock worth $22,319,000 after buying an additional 26,239 shares during the period. S&CO Inc. increased its holdings in H.B. Fuller by 0.3% during the 3rd quarter. S&CO Inc. now owns 267,192 shares of the specialty chemicals company’s stock worth $21,209,000 after purchasing an additional 920 shares during the period. Finally, New York State Teachers Retirement System increased its holdings in H.B. Fuller by 3.1% during the 2nd quarter. New York State Teachers Retirement System now owns 88,348 shares of the specialty chemicals company’s stock worth $6,799,000 after purchasing an additional 2,694 shares during the period. Institutional investors own 95.93% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of H.B. Fuller from a “buy” rating to a “hold” rating in a research note on Wednesday, September 18th.

H.B. Fuller Stock Down 1.0 %

H.B. Fuller stock traded down $0.76 during mid-day trading on Tuesday, hitting $76.20. The company had a trading volume of 178,146 shares, compared to its average volume of 300,264. The company has a current ratio of 1.89, a quick ratio of 1.16 and a debt-to-equity ratio of 1.10. The stock’s 50 day moving average price is $77.01 and its two-hundred day moving average price is $79.14. H.B. Fuller has a 12 month low of $72.60 and a 12 month high of $87.67. The company has a market capitalization of $4.16 billion, a PE ratio of 23.52, a price-to-earnings-growth ratio of 1.29 and a beta of 1.41.

H.B. Fuller (NYSE:FUL) last posted its quarterly earnings data on Wednesday, September 25th. The specialty chemicals company reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.10). H.B. Fuller had a net margin of 5.15% and a return on equity of 13.39%. The firm had revenue of $917.93 million for the quarter, compared to analysts’ expectations of $944.04 million. During the same quarter last year, the company posted $1.06 EPS. The firm’s revenue was up 1.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that H.B. Fuller will post 4.17 earnings per share for the current fiscal year.

H.B. Fuller Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th were paid a $0.2225 dividend. This represents a $0.89 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend was Thursday, October 17th. H.B. Fuller’s dividend payout ratio (DPR) is 27.47%.

H.B. Fuller Company Profile

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.