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

H. B. Fuller Company (NYSE:FUL - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 changing hands.

Wall Street Analysts Forecast Growth

FUL has been the topic of several recent analyst reports. Baird R W raised shares of H. B. Fuller from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 17th. Robert W. Baird boosted their target price on shares of H. B. Fuller from $60.00 to $75.00 and gave the company an "outperform" rating in a research note on Friday, June 27th. Finally, JPMorgan Chase & Co. boosted their target price on shares of H. B. Fuller from $50.00 to $54.00 and gave the company an "underweight" rating in a research note on Friday, June 27th. One investment 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $67.25.

H. B. Fuller Price Performance

The company has a quick ratio of 1.15, a current ratio of 1.87 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of 32.85, a P/E/G ratio of 1.02 and a beta of 1.12. The stock's 50 day moving average price is $56.34 and its two-hundred day moving average price is $57.78.

H. B. Fuller (NYSE:FUL - Get Free Report) last posted its quarterly earnings results on Wednesday, June 25th. The specialty chemicals company reported $1.18 earnings per share for the quarter, topping 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 business had revenue of $898.10 million for the quarter, compared to the consensus estimate of $894.87 million. During the same period in the prior year, the business posted $1.12 earnings per share. H. B. Fuller's revenue for the quarter was down 2.1% compared to the same quarter last year. Analysts anticipate that H. B. Fuller Company will post 4.07 EPS for the current fiscal year.

H. B. Fuller Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Tuesday, April 29th were given a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a yield of 1.55%. This is an increase from H. B. Fuller's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Tuesday, April 29th. H. B. Fuller's dividend payout ratio is presently 50.81%.

Hedge Funds Weigh In On H. B. Fuller

Several hedge funds have recently bought and sold shares of the business. Jones Financial Companies Lllp increased its position in H. B. Fuller by 128.8% during the fourth quarter. Jones Financial Companies Lllp now owns 899 shares of the specialty chemicals company's stock worth $61,000 after buying an additional 506 shares during the last quarter. Sterling Capital Management LLC grew its position in shares of H. B. Fuller by 731.1% in the fourth quarter. Sterling Capital Management LLC now owns 1,255 shares of the specialty chemicals company's stock valued at $85,000 after purchasing an additional 1,104 shares during the last quarter. Neuberger Berman Group LLC grew its position in shares of H. B. Fuller by 25.4% in the first quarter. Neuberger Berman Group LLC now owns 6,538 shares of the specialty chemicals company's stock valued at $367,000 after purchasing an additional 1,323 shares during the last quarter. MetLife Investment Management LLC grew its position in shares of H. B. Fuller by 4.7% in the fourth quarter. MetLife Investment Management LLC now owns 33,058 shares of the specialty chemicals company's stock valued at $2,231,000 after purchasing an additional 1,472 shares during the last quarter. Finally, Strs Ohio acquired a new stake in shares of H. B. Fuller in the first quarter valued at about $101,000. 95.93% of the stock is owned by institutional investors and hedge funds.

About H. B. Fuller

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.