H. B. Fuller (NYSE:FUL) Stock Crosses Above 50 Day Moving Average – What’s Next?

H. B. Fuller Company (NYSE:FUL) shares passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $51.49 and traded as high as $52.04. H. B. Fuller shares last traded at $51.52, with a volume of 666,160 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on FUL shares. Deutsche Bank Aktiengesellschaft reduced their price target on shares of H. B. Fuller from $72.00 to $62.00 and set a “buy” rating on the stock in a research report on Tuesday, September 29th. Robert W. Baird dropped their price objective on shares of H. B. Fuller from $75.00 to $65.00 and set an “outperform” rating for the company in a report on Friday, September 25th. Citigroup cut their target price on shares of H. B. Fuller from $75.00 to $63.00 and set a “buy” rating for the company in a research note on Monday, September 28th. Weiss Ratings downgraded H. B. Fuller from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, September 14th. Finally, Wall Street Zen lowered H. B. Fuller from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, H. B. Fuller presently has a consensus rating of “Moderate Buy” and an average price target of $62.88.

H. B. Fuller Trading Up 3.7%

The company’s 50-day moving average is $51.49 and its 200-day moving average is $58.23. The firm has a market cap of $2.77 billion, a price-to-earnings ratio of 14.35, a P/E/G ratio of 0.61 and a beta of 0.99. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.10 and a current ratio of 1.82.

H. B. Fuller (NYSE:FUL) last posted its quarterly earnings data on Thursday, September 24th. The specialty chemicals company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.05. H. B. Fuller had a net margin of 5.56% and a return on equity of 12.65%. The firm had revenue of $938.17 million during the quarter, compared to analysts’ expectations of $945.59 million. During the same quarter last year, the company posted $1.26 EPS. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, research analysts predict that H. B. Fuller Company will post 4.88 earnings per share for the current year.

H. B. Fuller Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 29th. Stockholders of record on Thursday, October 15th were paid a dividend of $0.2450 per share. This represents a $0.98 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Thursday, October 15th. H. B. Fuller’s dividend payout ratio is 27.30%.

Insiders Place Their Bets

In related news, Director Charles Lauber acquired 2,005 shares of the company’s stock in a transaction that occurred on Tuesday, September 29th. The stock was purchased at an average price of $49.87 per share, for a total transaction of $99,989.35. Following the transaction, the director directly owned 3,356 shares of the company’s stock, valued at approximately $167,363.72. This trade represents a 148.41% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Teresa Rasmussen acquired 2,042 shares of H. B. Fuller stock in a transaction on Monday, September 28th. The shares were purchased at an average cost of $48.96 per share, for a total transaction of $99,976.32. Following the acquisition, the director owned 4,053 shares in the company, valued at approximately $198,434.88. This represents a 101.54% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 13,061 shares of company stock valued at $646,340 over the last quarter. Company insiders own 1.83% of the company’s stock.

Institutional Investors Weigh In On H. B. Fuller

Institutional investors and hedge funds have recently made changes to their positions in the company. Covestor Ltd boosted its stake in shares of H. B. Fuller by 38.3% in the 3rd quarter. Covestor Ltd now owns 917 shares of the specialty chemicals company’s stock valued at $45,000 after purchasing an additional 254 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of H. B. Fuller by 1.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 25,381 shares of the specialty chemicals company’s stock worth $1,256,000 after buying an additional 313 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of H. B. Fuller during the 2nd quarter worth approximately $86,000. Bank of New York Mellon Corp bought a new stake in shares of H. B. Fuller during the second quarter worth approximately $29,611,000. Finally, S&CO Inc. bought a new stake in shares of H. B. Fuller during the second quarter worth approximately $14,093,000. Institutional investors own 95.93% of the company’s stock.

About H. B. Fuller

H.B. Fuller Company (NYSE:FUL) develops and manufactures specialty adhesives, sealants and other engineered bonding solutions. Its products are used to assemble, protect, package and improve the performance of products across a wide range of industries, including construction, transportation, electronics, consumer goods, packaging and hygiene.

The company offers technologies such as hot-melt, water-based, reactive and pressure-sensitive adhesives, as well as sealants, coatings and related materials.