H. B. Fuller (NYSE:FUL) Share Price Crosses Above Two Hundred Day Moving Average Following Insider Selling

H. B. Fuller Company (NYSE:FUL)’s share price crossed above its two hundred day moving average during trading on Tuesday following insider buying activity. The stock has a two hundred day moving average of $56.90 and traded as high as $58.16. H. B. Fuller shares last traded at $58.08, with a volume of 576,777 shares changing hands.

Analysts Set New Price Targets

FUL has been the topic of a number of recent research reports. Robert W. Baird lifted their target price on shares of H. B. Fuller from $60.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, June 27th. JPMorgan Chase & Co. lifted their target price on shares of H. B. Fuller from $50.00 to $54.00 and gave the company an “underweight” rating in a report on Friday, June 27th. Finally, Baird R W raised shares of H. B. Fuller from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $67.25.

H. B. Fuller Stock Up 3.3%

The company has a current ratio of 1.87, a quick ratio of 1.15 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $3.13 billion, a price-to-earnings ratio of 31.39, a PEG ratio of 0.93 and a beta of 1.13. The firm’s 50 day simple moving average is $58.48 and its 200-day simple moving average is $56.90.

H. B. Fuller (NYSE:FUL) last posted its quarterly earnings results on Wednesday, June 25th. The specialty chemicals company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.08. H. B. Fuller had a net margin of 2.92% and a return on equity of 11.50%. The business had revenue of $898.10 million for the quarter, compared to analysts’ expectations of $894.87 million. During the same period in the prior year, the company posted $1.12 EPS. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. On average, sell-side analysts anticipate that H. B. Fuller Company will post 4.07 EPS for the current fiscal year.

H. B. Fuller Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Thursday, July 31st will be paid a dividend of $0.235 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.6%. H. B. Fuller’s dividend payout ratio is 50.81%.

Hedge Funds Weigh In On H. B. Fuller

Institutional investors and hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC grew its stake in shares of H. B. Fuller by 141.6% during the 2nd quarter. Parallel Advisors LLC now owns 534 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 313 shares during the period. Sterling Capital Management LLC grew its stake in H. B. Fuller by 731.1% in the 4th quarter. Sterling Capital Management LLC now owns 1,255 shares of the specialty chemicals company’s stock valued at $85,000 after acquiring an additional 1,104 shares during the last quarter. Signaturefd LLC grew its stake in H. B. Fuller by 20.5% in the 2nd quarter. Signaturefd LLC now owns 1,743 shares of the specialty chemicals company’s stock valued at $105,000 after acquiring an additional 297 shares during the last quarter. Strs Ohio acquired a new stake in H. B. Fuller in the 1st quarter valued at about $101,000. Finally, Huntington National Bank grew its stake in H. B. Fuller by 23.9% in the 2nd quarter. Huntington National Bank now owns 2,236 shares of the specialty chemicals company’s stock valued at $134,000 after acquiring an additional 432 shares during the last quarter. 95.93% of the stock is owned by institutional investors and hedge funds.

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.