H.B. Fuller (NYSE:FUL) Shares Cross Above 200-Day Moving Average of $78.88

H.B. Fuller (NYSE:FUL) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $78.88 and traded as high as $81.71. H.B. Fuller shares last traded at $81.47, with a volume of 127,215 shares.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of H.B. Fuller from a “buy” rating to a “hold” rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $92.75.

H.B. Fuller Stock Up 2.2 %

The company has a market capitalization of $4.54 billion, a price-to-earnings ratio of 28.51, a P/E/G ratio of 1.36 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 price of $80.22 and a two-hundred day moving average price of $78.92.

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, beating analysts’ consensus estimates of $1.03 by $0.09. H.B. Fuller had a return on equity of 13.33% and a net margin of 4.67%. The firm had revenue of $917.10 million during the quarter, compared to analyst estimates of $914.22 million. During the same quarter last year, the firm earned $0.93 EPS. H.B. Fuller’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, sell-side analysts expect that H.B. Fuller will post 4.4 earnings per share for the current year.

H.B. Fuller Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Wednesday, July 31st were paid a $0.2225 dividend. This represents a $0.89 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date was Wednesday, July 31st. This is a positive change from H.B. Fuller’s previous quarterly dividend of $0.22. H.B. Fuller’s payout ratio is 30.38%.

Insider Activity at H.B. Fuller

In other H.B. Fuller news, VP Heather Campe sold 23,696 shares of the firm’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $82.66, for a total transaction of $1,958,711.36. Following the completion of the transaction, the vice president now directly owns 19,742 shares of the company’s stock, valued at approximately $1,631,873.72. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.96% of the stock is currently owned by corporate insiders.

Institutional Trading of H.B. Fuller

Institutional investors and hedge funds have recently bought and sold shares of the company. Neuberger Berman Group LLC increased its stake in H.B. Fuller by 1.6% during 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 last quarter. Partners Capital Investment Group LLP bought a new stake in shares of H.B. Fuller during the 4th quarter valued at about $5,598,000. Campbell & CO Investment Adviser LLC acquired a new stake in H.B. Fuller during the fourth quarter worth about $738,000. Public Employees Retirement Association of Colorado raised its stake in H.B. Fuller by 2,588.7% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 335,119 shares of the specialty chemicals company’s stock worth $27,282,000 after acquiring an additional 322,655 shares during the period. Finally, Security National Bank of SO Dak bought a new position in H.B. Fuller in the fourth quarter worth about $236,000. Institutional investors and hedge funds own 95.93% of the company’s stock.

About H.B. Fuller

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.