H.B. Fuller (NYSE:FUL) Hits New 1-Year High at $87.03

Shares of H.B. Fuller (NYSE:FUL) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $87.03 and last traded at $86.78, with a volume of 64123 shares changing hands. The stock had previously closed at $85.89.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded H.B. Fuller from a “hold” rating to a “buy” rating in a research report on Tuesday, July 23rd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $92.75.

H.B. Fuller Stock Up 0.3 %

The company has a market capitalization of $4.71 billion, a PE ratio of 29.48, a price-to-earnings-growth ratio of 1.38 and a beta of 1.44. The company has a quick ratio of 1.16, a current ratio of 1.89 and a debt-to-equity ratio of 1.13. The firm has a 50-day moving average of $79.57 and a two-hundred day moving average of $78.62.

H.B. Fuller (NYSE:FUL) last issued its quarterly earnings data on Thursday, June 27th. The specialty chemicals company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.09. The company had revenue of $917.10 million during the quarter, compared to analyst estimates of $914.22 million. H.B. Fuller had a return on equity of 13.33% and a net margin of 4.67%. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.93 earnings per share. Equities research analysts predict that H.B. Fuller will post 4.4 earnings per share for the current fiscal year.

H.B. Fuller Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 14th. Investors of record on Wednesday, July 31st will be given a $0.2225 dividend. This represents a $0.89 annualized dividend and a yield of 1.03%. This is a positive change from H.B. Fuller’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, July 31st. H.B. Fuller’s dividend payout ratio is presently 30.38%.

Insider Buying and Selling

In related news, VP Heather Campe sold 23,696 shares of the stock in a transaction that occurred on 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 completion of the transaction, the vice president now directly owns 19,742 shares in the company, valued at $1,631,873.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.96% of the stock is currently owned by company insiders.

Institutional Trading of H.B. Fuller

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Neuberger Berman Group LLC boosted its stake in shares of H.B. Fuller by 1.6% in the fourth quarter. Neuberger Berman Group LLC now owns 11,353 shares of the specialty chemicals company’s stock valued at $924,000 after purchasing an additional 179 shares during the period. Partners Capital Investment Group LLP acquired a new stake in shares of H.B. Fuller in the fourth quarter valued at $5,598,000. Public Employees Retirement Association of Colorado raised its stake in shares of H.B. Fuller by 2,588.7% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 335,119 shares of the specialty chemicals company’s stock valued at $27,282,000 after acquiring an additional 322,655 shares in the last quarter. Security National Bank of SO Dak acquired a new stake in shares of H.B. Fuller in the fourth quarter valued at $236,000. Finally, BNP Paribas Financial Markets raised its stake in shares of H.B. Fuller by 9.9% in the first quarter. BNP Paribas Financial Markets now owns 45,152 shares of the specialty chemicals company’s stock valued at $3,600,000 after acquiring an additional 4,077 shares in the last quarter. 95.93% of the stock is currently owned by hedge funds and other institutional investors.

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.