H. B. Fuller (NYSE:FUL) Shares Pass Above Two Hundred Day Moving Average - Here's Why

H. B. Fuller Company (NYSE:FUL - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $58.06 and traded as high as $63.02. H. B. Fuller shares last traded at $62.24, with a volume of 250,443 shares traded.

Analyst Upgrades and Downgrades

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

H. B. Fuller Trading Down 1.2%

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 firm has a market cap of $3.36 billion, a price-to-earnings ratio of 33.64, a price-to-earnings-growth ratio of 0.94 and a beta of 1.12. The firm's fifty day moving average is $56.06 and its 200-day moving average is $58.06.

H. B. Fuller (NYSE:FUL - Get Free Report) last announced its quarterly earnings data on Wednesday, June 25th. The specialty chemicals company reported $1.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.10 by $0.08. H. B. Fuller had a return on equity of 11.50% and a net margin of 2.92%. The company had revenue of $898.10 million for the quarter, compared to the consensus estimate of $894.87 million. During the same period in the previous year, the business earned $1.12 EPS. The firm's revenue was down 2.1% compared to the same quarter last year. Equities analysts anticipate that H. B. Fuller Company will post 4.07 earnings per share for the current year.

H. B. Fuller Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Tuesday, April 29th were paid a $0.235 dividend. The ex-dividend date of this dividend was Tuesday, April 29th. This is a positive change from H. B. Fuller's previous quarterly dividend of $0.22. This represents a $0.94 annualized dividend and a yield of 1.51%. H. B. Fuller's payout ratio is 50.81%.

Institutional Trading of H. B. Fuller

Several large investors have recently modified their holdings of FUL. Bank of New York Mellon Corp lifted its position in shares of H. B. Fuller by 17.2% during the 4th quarter. Bank of New York Mellon Corp now owns 554,947 shares of the specialty chemicals company's stock valued at $37,448,000 after acquiring an additional 81,558 shares during the period. Jones Financial Companies Lllp increased its stake in H. B. Fuller by 128.8% in the fourth quarter. Jones Financial Companies Lllp now owns 899 shares of the specialty chemicals company's stock valued at $61,000 after purchasing an additional 506 shares in the last quarter. Amundi raised its holdings in shares of H. B. Fuller by 191.9% during the fourth quarter. Amundi now owns 28,553 shares of the specialty chemicals company's stock valued at $1,804,000 after purchasing an additional 18,771 shares during the period. Quantbot Technologies LP acquired a new position in shares of H. B. Fuller during the fourth quarter valued at about $266,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of H. B. Fuller during the 4th quarter worth about $783,000. Institutional investors and hedge funds own 95.93% of the company's stock.

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.