H. B. Fuller (NYSE:FUL) Shares Cross Above 200 Day Moving Average Following Insider Selling

Key Points

• H. B. Fuller stock has surpassed its 200-day moving average at $56.90, reaching a trading high of $58.16 following insider purchases.
• Despite mixed analyst ratings, the stock has an average target price of $67.25, with some analysts increasing their price targets significantly.
• The company reported a quarterly EPS of $1.18, exceeding expectations and demonstrating a slight decline in revenue compared to the previous year.

H. B. Fuller Company (NYSE:FUL - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday after an insider bought additional shares in the company. The stock has a 200-day moving average of $56.90 and traded as high as $58.16. H. B. Fuller shares last traded at $58.08, with a volume of 576,777 shares changing hands.

Wall Street Analyst Weigh In

FUL has been the subject of several research reports. Robert W. Baird lifted their target price on shares of H. B. Fuller from $60.00 to $75.00 and gave the company an "outperform" rating in a report on Friday, June 27th. JPMorgan Chase & Co. lifted 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $67.25.

H. B. Fuller Stock Down 0.8%

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 company has a market cap of $3.18 billion, a PE ratio of 31.84, a P/E/G ratio of 0.97 and a beta of 1.13. The firm's fifty day simple moving average is $58.69 and its 200-day simple moving average is $56.83.

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 company had revenue of $898.10 million for the quarter, compared to the consensus estimate of $894.87 million. During the same quarter last year, the firm posted $1.12 earnings per share. H. B. Fuller's revenue was down 2.1% on a year-over-year basis. As a group, equities research analysts expect that H. B. Fuller Company will post 4.07 earnings per share for the current fiscal year.

H. B. Fuller Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, July 31st were paid a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Thursday, July 31st. H. B. Fuller's dividend payout ratio is 50.81%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FUL. Parallel Advisors LLC lifted its position in H. B. Fuller by 141.6% in the 2nd quarter. Parallel Advisors LLC now owns 534 shares of the specialty chemicals company's stock valued at $32,000 after purchasing an additional 313 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of H. B. Fuller by 129.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,218 shares of the specialty chemicals company's stock worth $73,000 after acquiring an additional 688 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of H. B. Fuller by 44.4% during the second quarter. Smartleaf Asset Management LLC now owns 1,307 shares of the specialty chemicals company's stock worth $81,000 after purchasing an additional 402 shares during the period. Sterling Capital Management LLC boosted its holdings in shares of H. B. Fuller by 731.1% during the fourth quarter. Sterling Capital Management LLC now owns 1,255 shares of the specialty chemicals company's stock worth $85,000 after purchasing an additional 1,104 shares during the period. Finally, Strs Ohio acquired a new stake in H. B. Fuller in the first quarter valued at approximately $101,000. 95.93% of the stock is currently owned by 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.