H.B. Fuller (NYSE:FUL) Sets New 12-Month Low – Should You Sell?

H.B. Fuller (NYSE:FUL) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $67.49 and last traded at $67.89, with a volume of 30708 shares traded. The stock had previously closed at $68.16.

Wall Street Analyst Weigh In

FUL has been the topic of several research analyst reports. StockNews.com downgraded 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 H.B. Fuller from $85.00 to $78.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, H.B. Fuller currently has a consensus rating of “Hold” and a consensus price target of $92.75.

H.B. Fuller Price Performance

The stock has a 50 day moving average of $75.01 and a 200-day moving average of $78.43. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.16 and a current ratio of 1.89. The company has a market cap of $3.74 billion, a PE ratio of 21.12, a price-to-earnings-growth ratio of 1.25 and a beta of 1.42.

H.B. Fuller (NYSE:FUL) last released its earnings results 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 return on equity of 13.39% and a net margin of 5.15%. The firm had revenue of $917.93 million for the quarter, compared to analyst estimates of $944.04 million. During the same period last year, the firm earned $1.06 EPS. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. Equities analysts predict that H.B. Fuller will post 4.17 earnings per share for the current year.

H.B. Fuller Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 17th were issued a dividend of $0.2225 per share. The ex-dividend date of this dividend was Thursday, October 17th. This represents a $0.89 annualized dividend and a dividend yield of 1.30%. H.B. Fuller’s dividend payout ratio (DPR) is presently 27.47%.

Hedge Funds Weigh In On H.B. Fuller

A number of institutional investors have recently modified their holdings of FUL. Lord Abbett & CO. LLC grew its stake in H.B. Fuller by 79.8% in the 3rd quarter. Lord Abbett & CO. LLC now owns 730,058 shares of the specialty chemicals company’s stock valued at $57,952,000 after acquiring an additional 324,056 shares during the period. Geode Capital Management LLC increased its stake in shares of H.B. Fuller by 1.5% during 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 purchasing an additional 18,734 shares in the last quarter. S&CO Inc. raised its position in shares of 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 last quarter. Marshall Wace LLP boosted its holdings in H.B. Fuller by 9.9% in the 2nd 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 last quarter. Finally, Dorsey & Whitney Trust CO LLC increased its stake in H.B. Fuller by 8.1% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 71,354 shares of the specialty chemicals company’s stock worth $5,491,000 after buying an additional 5,356 shares in the last quarter. Hedge funds and other institutional investors own 95.93% of the company’s stock.

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.