H. B. Fuller (NYSE:FUL) Share Price Crosses Below 50-Day Moving Average – Here’s What Happened

Shares of H. B. Fuller Company (NYSE:FUL) passed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $50.69 and traded as low as $49.86. H. B. Fuller shares last traded at $50.6390, with a volume of 284,431 shares.

Analyst Ratings Changes

A number of research analysts have issued reports on FUL shares. JPMorgan Chase & Co. reduced their target price on shares of H. B. Fuller from $67.00 to $66.00 and set an “overweight” rating on the stock in a report on Monday, September 28th. Robert W. Baird decreased their target price on H. B. Fuller from $75.00 to $65.00 and set an “outperform” rating for the company in a research report on Friday, September 25th. Weiss Ratings downgraded shares of H. B. Fuller from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, September 14th. Wall Street Zen lowered H. B. Fuller from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 25th. Finally, Deutsche Bank cut their target price on shares of H. B. Fuller from $72.00 to $62.00 and set a “buy” rating on the stock in a research note on Tuesday, September 29th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $62.88.

H. B. Fuller Price Performance

The company has a debt-to-equity ratio of 0.95, a current ratio of 1.82 and a quick ratio of 1.10. The company has a fifty day moving average price of $50.69 and a 200 day moving average price of $57.88. The company has a market capitalization of $2.73 billion, a P/E ratio of 14.11, a price-to-earnings-growth ratio of 0.63 and a beta of 0.97.

H. B. Fuller (NYSE:FUL) last announced its quarterly earnings results on Thursday, September 24th. The specialty chemicals company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.05. H. B. Fuller had a return on equity of 12.65% and a net margin of 5.56%. The business had revenue of $938.17 million for the quarter, compared to the consensus estimate of $945.59 million. During the same quarter last year, the business posted $1.26 EPS. The business’s revenue was up 5.2% on a year-over-year basis. On average, sell-side analysts forecast that H. B. Fuller Company will post 4.88 EPS for the current fiscal year.

H. B. Fuller Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 29th. Shareholders of record on Thursday, October 15th were paid a $0.2450 dividend. This represents a $0.98 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Thursday, October 15th. H. B. Fuller’s dividend payout ratio (DPR) is presently 27.30%.

Insider Activity at H. B. Fuller

In other news, Director Michael Happe purchased 2,000 shares of the stock in a transaction dated Tuesday, September 29th. The stock was acquired at an average price of $49.62 per share, for a total transaction of $99,240.00. Following the completion of the transaction, the director owned 3,343 shares of the company’s stock, valued at approximately $165,879.66. The trade was a 148.92% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Teresa Rasmussen acquired 2,042 shares of the company’s stock in a transaction that occurred on Monday, September 28th. The stock was purchased at an average cost of $48.96 per share, for a total transaction of $99,976.32. Following the acquisition, the director owned 4,053 shares in the company, valued at approximately $198,434.88. This trade represents a 101.54% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders have acquired 13,061 shares of company stock valued at $646,340. Company insiders own 1.83% of the company’s stock.

Institutional Investors Weigh In On H. B. Fuller

A number of hedge funds have recently made changes to their positions in FUL. Covestor Ltd raised its stake in H. B. Fuller by 38.3% during the 3rd quarter. Covestor Ltd now owns 917 shares of the specialty chemicals company’s stock valued at $45,000 after acquiring an additional 254 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in H. B. Fuller by 1.2% during the third quarter. Nisa Investment Advisors LLC now owns 25,381 shares of the specialty chemicals company’s stock worth $1,256,000 after buying an additional 313 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of H. B. Fuller in the 2nd quarter worth $86,000. Bank of New York Mellon Corp acquired a new stake in H. B. Fuller during the 2nd quarter worth about $29,611,000. Finally, S&CO Inc. acquired a new position in H. B. Fuller in the 2nd quarter worth approximately $14,093,000. Institutional investors own 95.93% of the company’s stock.

About H. B. Fuller

H.B. Fuller Company is a global specialty chemicals company focused on developing and manufacturing adhesives, sealants and other specialty products. Its solutions are used in applications including packaging, disposable hygiene products, construction, electronics, transportation and consumer goods. The company serves customers across the Americas, Europe, the Middle East and Africa, and Asia Pacific, supplying products for both industrial and consumer-facing applications. Founded in 1887 in St. Paul, Minnesota, H.B. Fuller has grown from a regional business into an international manufacturer.