H. B. Fuller (NYSE:FUL) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Shares of H. B. Fuller Company (NYSE:FUL) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $59.54 and traded as high as $63.15. H. B. Fuller shares last traded at $63.0920, with a volume of 392,586 shares trading hands.

Wall Street Analyst Weigh In

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

H. B. Fuller Stock Performance

The company’s 50-day moving average is $60.45 and its two-hundred day moving average is $59.54. The company has a quick ratio of 1.06, a current ratio of 1.70 and a debt-to-equity ratio of 1.01. The company has a market cap of $3.43 billion, a P/E ratio of 21.03, a price-to-earnings-growth ratio of 0.91 and a beta of 1.10.

H. B. Fuller (NYSE:FUL) last released its earnings results on Thursday, January 15th. The specialty chemicals company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $894.79 million for the quarter, compared to analysts’ expectations of $901.34 million. During the same period in the previous year, the company earned $0.92 earnings per share. The company’s quarterly revenue was down 3.1% on a year-over-year basis. Equities analysts predict that H. B. Fuller Company will post 4.07 EPS for the current year.

H. B. Fuller Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Thursday, February 5th will be paid a $0.235 dividend. The ex-dividend date is Thursday, February 5th. This represents a $0.94 annualized dividend and a dividend yield of 1.5%. H. B. Fuller’s payout ratio is presently 31.33%.

Insider Buying and Selling at H. B. Fuller

In related news, VP Nathan D. Weaver sold 7,075 shares of H. B. Fuller stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $58.38, for a total value of $413,038.50. Following the completion of the sale, the vice president owned 9,441 shares of the company’s stock, valued at approximately $551,165.58. This trade represents a 42.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.99% of the company’s stock.

Institutional Trading of H. B. Fuller

Hedge funds and other institutional investors have recently modified their holdings of the business. Strs Ohio bought a new position in H. B. Fuller in the 1st quarter worth approximately $101,000. QRG Capital Management Inc. lifted its holdings in H. B. Fuller by 19.1% during the 2nd quarter. QRG Capital Management Inc. now owns 8,147 shares of the specialty chemicals company’s stock worth $490,000 after purchasing an additional 1,309 shares in the last quarter. DAVENPORT & Co LLC boosted its stake in H. B. Fuller by 24.0% in the 2nd quarter. DAVENPORT & Co LLC now owns 26,027 shares of the specialty chemicals company’s stock worth $1,566,000 after purchasing an additional 5,033 shares during the period. KLP Kapitalforvaltning AS boosted its position in shares of H. B. Fuller by 8.6% in the second quarter. KLP Kapitalforvaltning AS now owns 11,400 shares of the specialty chemicals company’s stock valued at $686,000 after acquiring an additional 900 shares during the period. Finally, US Bancorp DE grew its position in shares of H. B. Fuller by 0.7% during the 2nd quarter. US Bancorp DE now owns 54,153 shares of the specialty chemicals company’s stock valued at $3,257,000 after purchasing an additional 362 shares in the last quarter. 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.