H.B. Fuller (NYSE:FUL) Share Price Passes Above 200 Day Moving Average of $76.97

Shares of H.B. Fuller (NYSE:FUL) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $76.97 and traded as high as $79.71. H.B. Fuller shares last traded at $79.22, with a volume of 236,457 shares.

Analyst Upgrades and Downgrades

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

H.B. Fuller Stock Performance

The company has a current ratio of 1.99, a quick ratio of 1.23 and a debt-to-equity ratio of 1.03. The stock’s 50 day moving average price is $78.06 and its two-hundred day moving average price is $76.97. The firm has a market capitalization of $4.32 billion, a PE ratio of 28.81, a PEG ratio of 1.22 and a beta of 1.52.

H.B. Fuller (NYSE:FUL) last issued its quarterly earnings data on Wednesday, March 27th. The specialty chemicals company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates 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 company posted $0.55 EPS. The company’s revenue was up .2% on a year-over-year basis. On average, equities analysts expect that H.B. Fuller will post 4.32 earnings per share for the current year.

H.B. Fuller Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, April 25th will be paid a $0.222 dividend. This is a boost from H.B. Fuller’s previous quarterly dividend of $0.21. This represents a $0.89 annualized dividend and a yield of 1.12%. The ex-dividend date is Wednesday, April 24th. H.B. Fuller’s payout ratio is presently 32.36%.

Insiders Place Their Bets

In other H.B. Fuller news, EVP Zhiwei Cai sold 4,645 shares of H.B. Fuller stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $75.15, for a total value of $349,071.75. Following the completion of the sale, the executive vice president now directly owns 30,663 shares of the company’s stock, valued at approximately $2,304,324.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other H.B. Fuller news, EVP Zhiwei Cai sold 4,645 shares of H.B. Fuller stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $75.15, for a total value of $349,071.75. Following the completion of the sale, the executive vice president now directly owns 30,663 shares of the company’s stock, valued at approximately $2,304,324.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Heather Campe sold 3,450 shares of H.B. Fuller stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $76.83, for a total transaction of $265,063.50. Following the completion of the sale, the vice president now directly owns 19,736 shares of the company’s stock, valued at $1,516,316.88. The disclosure for this sale can be found here. In the last three months, insiders sold 37,703 shares of company stock valued at $2,934,251. Company insiders own 1.96% of the company’s stock.

Hedge Funds Weigh In On H.B. Fuller

A number of hedge funds have recently made changes to their positions in FUL. Public Employees Retirement Association of Colorado boosted its holdings in shares of H.B. Fuller by 2,588.7% in the 4th 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 purchasing an additional 322,655 shares during the last quarter. Luminus Management LLC boosted its holdings in shares of H.B. Fuller by 123.9% in the 3rd quarter. Luminus Management LLC now owns 410,351 shares of the specialty chemicals company’s stock valued at $28,154,000 after purchasing an additional 227,055 shares during the last quarter. Partners Capital Investment Group LLP acquired a new position in shares of H.B. Fuller in the 4th quarter valued at $5,598,000. Kennedy Capital Management LLC boosted its holdings in shares of H.B. Fuller by 19.3% in the 3rd quarter. Kennedy Capital Management LLC now owns 82,273 shares of the specialty chemicals company’s stock valued at $5,645,000 after purchasing an additional 13,328 shares during the last quarter. Finally, Wesbanco Bank Inc. acquired a new position in shares of H.B. Fuller in the 1st quarter valued at $773,000. 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.