H.B. Fuller (NYSE:FUL) Sets New 1-Year Low – Here’s What Happened

H.B. Fuller (NYSE:FUL)’s stock price reached a new 52-week low on Monday . The stock traded as low as $66.46 and last traded at $66.53, with a volume of 19776 shares traded. The stock had previously closed at $67.63.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. StockNews.com cut shares of H.B. Fuller from a “buy” rating to a “hold” rating in a report on Wednesday, September 18th. Citigroup reduced their target price on shares of H.B. Fuller from $85.00 to $78.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $92.75.

H.B. Fuller Stock Up 0.6 %

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 firm has a market cap of $3.69 billion, a PE ratio of 20.83, a P/E/G ratio of 1.25 and a beta of 1.41. The business’s 50-day simple moving average is $73.97 and its 200 day simple moving average is $78.09.

H.B. Fuller Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 17th were paid a $0.2225 dividend. This represents a $0.89 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend was Thursday, October 17th. H.B. Fuller’s dividend payout ratio (DPR) is 27.47%.

Institutional Trading of H.B. Fuller

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Lord Abbett & CO. LLC lifted its stake in shares of H.B. Fuller by 79.8% during the 3rd quarter. Lord Abbett & CO. LLC now owns 730,058 shares of the specialty chemicals company’s stock worth $57,952,000 after purchasing an additional 324,056 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of 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 buying an additional 18,734 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its position in shares of H.B. Fuller by 8.1% in 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 during the last quarter. Marshall Wace LLP raised its stake 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 worth $22,319,000 after acquiring an additional 26,239 shares in the last quarter. Finally, S&CO Inc. lifted its position in H.B. Fuller by 0.3% during the third quarter. S&CO Inc. now owns 267,192 shares of the specialty chemicals company’s stock valued at $21,209,000 after acquiring an additional 920 shares during the last quarter. 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.