H. B. Fuller (NYSE:FUL) Stock Price Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• H. B. Fuller shares have surpassed their 200-day moving average, trading as high as $60.40 recently, with the last price recorded at $59.23.
• In recent analyst reports, Robert W. Baird raised their price target for H. B. Fuller to $75.00 while maintaining an "outperform" rating, indicating optimism about the company's growth.
• The company has declared a quarterly dividend of $0.235 per share, representing an annual yield of 1.58%, to be paid on August 14th.

H. B. Fuller Company (NYSE:FUL - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $57.45 and traded as high as $60.40. H. B. Fuller shares last traded at $59.23, with a volume of 258,411 shares changing hands.

Analysts Set New Price Targets

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

H. B. Fuller Trading Down 0.3%

The stock has a market cap of $3.20 billion, a price-to-earnings ratio of 32.09, a P/E/G ratio of 0.98 and a beta of 1.12. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.87 and a quick ratio of 1.15. The business's 50 day moving average is $58.13 and its 200 day moving average is $57.34.

H. B. Fuller (NYSE:FUL - Get Free Report) last announced its quarterly earnings results on Wednesday, June 25th. The specialty chemicals company reported $1.18 earnings per share for the quarter, beating 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 firm had revenue of $898.10 million during the quarter, compared to analysts' expectations of $894.87 million. During the same period in the previous year, the company earned $1.12 earnings per share. H. B. Fuller's quarterly revenue was down 2.1% compared to the same quarter last year. As a group, equities analysts expect that H. B. Fuller Company will post 4.07 earnings per share for the current fiscal year.

H. B. Fuller Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Thursday, July 31st will be issued a $0.235 dividend. 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 1.58%. H. B. Fuller's payout ratio is 50.81%.

Insider Activity at H. B. Fuller

In related news, VP Robert J. Martsching sold 9,546 shares of the stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $64.30, for a total transaction of $613,807.80. Following the completion of the transaction, the vice president directly owned 14,980 shares of the company's stock, valued at $963,214. This represents a 38.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.99% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Signaturefd LLC raised its holdings in H. B. Fuller by 20.5% during the second quarter. Signaturefd LLC now owns 1,743 shares of the specialty chemicals company's stock worth $105,000 after purchasing an additional 297 shares in the last quarter. Parallel Advisors LLC raised its holdings in H. B. Fuller by 141.6% during the second quarter. Parallel Advisors LLC now owns 534 shares of the specialty chemicals company's stock worth $32,000 after purchasing an additional 313 shares in the last quarter. Inspire Investing LLC raised its holdings in H. B. Fuller by 5.4% during the second quarter. Inspire Investing LLC now owns 6,485 shares of the specialty chemicals company's stock worth $390,000 after purchasing an additional 332 shares in the last quarter. US Bancorp DE raised its holdings in H. B. Fuller by 0.7% during the second quarter. US Bancorp DE now owns 54,153 shares of the specialty chemicals company's stock worth $3,257,000 after purchasing an additional 362 shares in the last quarter. Finally, Blair William & Co. IL grew its position in H. B. Fuller by 9.8% during the second quarter. Blair William & Co. IL now owns 7,256 shares of the specialty chemicals company's stock worth $436,000 after buying an additional 650 shares during the period. 95.93% of the stock is owned by hedge funds and other institutional investors.

H. B. Fuller Company Profile

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.