H. B. Fuller (NYSE:FUL) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• Shares crossed above its 200-day moving average of $60.39, trading as high as $64.76 and last at $62.89 on volume of 307,554 shares, marking a notable technical move.
• Analysts show a consensus “Moderate Buy” with an average target of $65.50 and mixed ratings (range includes upgrades and a sell, with price targets from about $63 to $70).
• Fundamentals are mixed: Q1 EPS beat slightly at $0.57 versus $0.56 while revenue declined to $770.8M; the company raised its quarterly dividend to $0.245, and the CEO bought 5,170 shares at $57.08.

H. B. Fuller Company (NYSE:FUL - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $60.39 and traded as high as $64.76. H. B. Fuller shares last traded at $62.89, with a volume of 307,554 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FUL. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of H. B. Fuller in a research report on Friday, January 16th. UBS Group cut their target price on shares of H. B. Fuller from $66.00 to $63.00 and set a "neutral" rating for the company in a research report on Friday, March 27th. Wall Street Zen upgraded shares of H. B. Fuller from a "hold" rating to a "buy" rating in a research note on Sunday, March 29th. Citigroup increased their price target on H. B. Fuller from $67.00 to $70.00 and gave the company a "buy" rating in a report on Monday, March 30th. Finally, Vertical Research upgraded H. B. Fuller from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, H. B. Fuller has an average rating of "Moderate Buy" and an average target price of $65.50.

H. B. Fuller Stock Up 0.1%

The company has a current ratio of 1.92, a quick ratio of 1.15 and a debt-to-equity ratio of 1.01. The stock has a market cap of $3.43 billion, a P/E ratio of 20.76, a PEG ratio of 0.83 and a beta of 1.05. The company's 50 day moving average price is $60.73 and its two-hundred day moving average price is $60.39.

H. B. Fuller (NYSE:FUL - Get Free Report) last announced its earnings results on Thursday, March 26th. The specialty chemicals company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.01. H. B. Fuller had a net margin of 4.62% and a return on equity of 11.84%. The company had revenue of $770.84 million during the quarter, compared to analyst estimates of $787.77 million. During the same period in the previous year, the business posted $0.54 earnings per share. The firm's quarterly revenue was down 2.3% compared to the same quarter last year. Equities analysts forecast that H. B. Fuller Company will post 4.77 earnings per share for the current year.

H. B. Fuller Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 14th. Stockholders of record on Thursday, April 30th will be given a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, April 30th. This is a positive change from H. B. Fuller's previous quarterly dividend of $0.24. H. B. Fuller's payout ratio is presently 31.02%.

Insider Buying and Selling

In related news, CEO Celeste Beeks Mastin acquired 5,170 shares of the stock in a transaction dated Tuesday, April 7th. The shares were purchased at an average cost of $57.08 per share, with a total value of $295,103.60. Following the transaction, the chief executive officer directly owned 8,670 shares in the company, valued at approximately $494,883.60. This represents a 147.71% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.83% of the company's stock.

Institutional Investors Weigh In On H. B. Fuller

Large investors have recently bought and sold shares of the business. Salomon & Ludwin LLC bought a new stake in shares of H. B. Fuller in the 3rd quarter worth about $28,000. Allworth Financial LP raised its position in H. B. Fuller by 50.1% in the 4th quarter. Allworth Financial LP now owns 578 shares of the specialty chemicals company's stock worth $34,000 after purchasing an additional 193 shares during the period. Covestor Ltd lifted its stake in H. B. Fuller by 22,833.3% in the third quarter. Covestor Ltd now owns 688 shares of the specialty chemicals company's stock worth $41,000 after purchasing an additional 685 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in H. B. Fuller by 432.9% in the fourth quarter. Hantz Financial Services Inc. now owns 778 shares of the specialty chemicals company's stock worth $46,000 after purchasing an additional 632 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new position in shares of H. B. Fuller during the fourth quarter valued at approximately $46,000. Institutional investors own 95.93% of the company's stock.

H. B. Fuller Company Profile

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.

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