H. B. Fuller (NYSE:FUL) Sets New 1-Year High – Time to Buy?

H. B. Fuller Company (NYSE:FUL)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $67.29 and last traded at $66.66, with a volume of 627229 shares trading hands. The stock had previously closed at $63.06.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. UBS Group set a $66.00 price objective on H. B. Fuller in a research note on Friday, January 16th. Wall Street Zen lowered shares of H. B. Fuller from a “buy” rating to a “hold” rating in a report on Monday, November 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of H. B. Fuller in a research note on Friday, January 16th. Citigroup lifted their price target on shares of H. B. Fuller from $70.00 to $76.00 and gave the stock a “buy” rating in a report on Friday, January 16th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of H. B. Fuller in a report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $67.75.

H. B. Fuller Stock Performance

The company’s 50-day moving average price is $60.45 and its two-hundred day moving average price is $59.54. The company has a market capitalization of $3.62 billion, a price-to-earnings ratio of 22.22, a PEG ratio of 0.91 and a beta of 1.10. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.70 and a quick ratio of 1.06.

H. B. Fuller (NYSE:FUL) last released its earnings results on Thursday, January 15th. The specialty chemicals company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.04. H. B. Fuller had a net margin of 4.38% and a return on equity of 12.21%. The business had revenue of $894.79 million for the quarter, compared to analyst estimates of $901.34 million. During the same quarter in the previous year, the business earned $0.92 earnings per share. H. B. Fuller’s revenue for the quarter was down 3.1% on a year-over-year basis. On average, equities research analysts anticipate that H. B. Fuller Company will post 4.07 EPS for the current fiscal year.

H. B. Fuller Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Thursday, February 5th will be issued a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, February 5th. H. B. Fuller’s payout ratio is presently 31.33%.

Insider Transactions at H. B. Fuller

In other H. B. Fuller news, VP Nathan D. Weaver sold 7,075 shares of the stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $58.38, for a total transaction of $413,038.50. Following the transaction, the vice president directly owned 9,441 shares in the company, valued at approximately $551,165.58. This represents a 42.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.99% of the company’s stock.

Institutional Trading of H. B. Fuller

Hedge funds have recently modified their holdings of the stock. Salomon & Ludwin LLC bought a new position in H. B. Fuller during the third quarter worth $28,000. Covestor Ltd boosted its position in shares of H. B. Fuller by 22,833.3% during the 3rd quarter. Covestor Ltd now owns 688 shares of the specialty chemicals company’s stock worth $41,000 after purchasing an additional 685 shares in the last quarter. TD Waterhouse Canada Inc. bought a new position in shares of H. B. Fuller during the 3rd quarter worth about $47,000. AdvisorNet Financial Inc grew its stake in shares of H. B. Fuller by 160.8% in the 3rd quarter. AdvisorNet Financial Inc now owns 845 shares of the specialty chemicals company’s stock valued at $50,000 after buying an additional 521 shares during the period. Finally, Torren Management LLC bought a new stake in H. B. Fuller in the 4th quarter valued at about $52,000. Institutional investors own 95.93% of the company’s stock.

About H. B. Fuller

H. B. Fuller Company, founded in 1887 and headquartered in St. Paul, Minnesota, is a global adhesives and specialty chemical solutions provider serving a wide array of industries. The company develops, manufactures and markets adhesive technologies, sealants, polymers and related chemical products designed to enhance product performance, sustainability and manufacturing efficiency.

Fuller’s product portfolio spans multiple market segments, including packaging and converting, general industrial assembly, electronics, transportation, hygiene and construction.