H.B. Fuller (NYSE:FUL) Shares Pass Above 200-Day Moving Average of $76.52

H.B. Fuller (NYSE:FUL)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $76.52 and traded as high as $77.27. H.B. Fuller shares last traded at $76.50, with a volume of 302,339 shares changing hands.

Analyst Ratings Changes

FUL has been the subject of several recent research reports. Robert W. Baird upped their price objective on H.B. Fuller from $80.00 to $90.00 and gave the stock a “neutral” rating in a research report on Monday, April 1st. Vertical Research assumed coverage on shares of H.B. Fuller in a research note on Tuesday, March 19th. They set a “buy” rating and a $88.00 price target for the company. StockNews.com raised shares of H.B. Fuller from a “hold” rating to a “buy” rating in a research report on Thursday, January 18th. Finally, Stifel Nicolaus increased their target price on shares of H.B. Fuller from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, January 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, H.B. Fuller presently has a consensus rating of “Hold” and an average price target of $86.20.

H.B. Fuller Stock Performance

The stock has a market capitalization of $4.17 billion, a P/E ratio of 27.82, a P/E/G ratio of 1.22 and a beta of 1.52. The stock has a 50 day simple moving average of $78.48 and a two-hundred day simple moving average of $76.52. The company has a quick ratio of 1.23, a current ratio of 1.99 and a debt-to-equity ratio of 1.03.

H.B. Fuller (NYSE:FUL) last released its earnings results on Wednesday, March 27th. The specialty chemicals company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.03. H.B. Fuller had a net margin of 4.39% and a return on equity of 12.88%. The business had revenue of $810.42 million during the quarter, compared to analysts’ expectations of $823.04 million. During the same period last year, the business earned $0.55 earnings per share. The firm’s revenue was up .2% on a year-over-year basis. On average, equities analysts forecast that H.B. Fuller will post 4.32 EPS for the current fiscal year.

H.B. Fuller Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Thursday, April 25th will be issued a dividend of $0.222 per share. The ex-dividend date is Wednesday, April 24th. This represents a $0.89 dividend on an annualized basis and a yield of 1.16%. This is a boost from H.B. Fuller’s previous quarterly dividend of $0.21. H.B. Fuller’s dividend payout ratio (DPR) is presently 29.82%.

Insiders Place Their Bets

In related news, VP Heather Campe sold 13,243 shares of the stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $77.05, for a total value of $1,020,373.15. Following the sale, the vice president now owns 20,406 shares in the company, valued at approximately $1,572,282.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, VP Heather Campe sold 13,243 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $77.05, for a total transaction of $1,020,373.15. Following the completion of the sale, the vice president now owns 20,406 shares in the company, valued at approximately $1,572,282.30. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Muhammad Shahbaz Malik sold 14,000 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $76.28, for a total transaction of $1,067,920.00. Following the completion of the transaction, the vice president now owns 9,089 shares in the company, valued at approximately $693,308.92. The disclosure for this sale can be found here. Insiders have sold a total of 60,301 shares of company stock valued at $4,673,473 over the last 90 days. 1.96% of the stock is currently owned by insiders.

Hedge Funds Weigh In On H.B. Fuller

A number of large investors have recently made changes to their positions in the company. Luminus Management LLC grew its stake in shares of H.B. Fuller by 123.9% in the third quarter. Luminus Management LLC now owns 410,351 shares of the specialty chemicals company’s stock valued at $28,154,000 after acquiring an additional 227,055 shares in the last quarter. Public Employees Retirement Association of Colorado increased its holdings in shares of 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 purchasing an additional 322,655 shares during the period. Kennedy Capital Management LLC increased its holdings in shares of H.B. Fuller by 19.3% during the third quarter. Kennedy Capital Management LLC now owns 82,273 shares of the specialty chemicals company’s stock worth $5,645,000 after purchasing an additional 13,328 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 approximately $5,598,000. Finally, Dorsey & Whitney Trust CO LLC boosted its stake in shares of H.B. Fuller by 11.0% in the third quarter. Dorsey & Whitney Trust CO LLC now owns 66,857 shares of the specialty chemicals company’s stock valued at $4,587,000 after buying an additional 6,606 shares during the period. 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.