H. B. Fuller (NYSE:FUL) Stock Passes Above Two Hundred Day Moving Average on 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.

Shares of H. B. Fuller Company (NYSE:FUL - Get Free Report) 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 traded.

Analyst Ratings Changes

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

H. B. Fuller Trading Up 3.3%

The firm has a fifty day simple moving average of $58.48 and a 200-day simple moving average of $56.90. The firm has a market cap of $3.13 billion, a P/E ratio of 31.39, a price-to-earnings-growth ratio of 0.93 and a beta of 1.13. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.87 and a quick ratio of 1.15.

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

H. B. Fuller Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Thursday, July 31st will be given a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, July 31st. H. B. Fuller's dividend payout ratio (DPR) is presently 50.81%.

Institutional Trading of H. B. Fuller

Institutional investors and hedge funds have recently modified their holdings of the business. Cooke & Bieler LP bought a new position in shares of H. B. Fuller in the first quarter worth $36,830,000. JPMorgan Chase & Co. boosted its holdings in shares of H. B. Fuller by 16.2% in the second quarter. JPMorgan Chase & Co. now owns 612,048 shares of the specialty chemicals company's stock worth $36,815,000 after acquiring an additional 85,469 shares during the period. Partners Capital Investment Group LLP boosted its holdings in shares of H. B. Fuller by 90.3% in the first quarter. Partners Capital Investment Group LLP now owns 64,901 shares of the specialty chemicals company's stock worth $3,642,000 after acquiring an additional 30,805 shares during the period. XTX Topco Ltd bought a new position in shares of H. B. Fuller in the second quarter worth $1,668,000. Finally, Quantbot Technologies LP boosted its holdings in shares of H. B. Fuller by 612.4% in the first quarter. Quantbot Technologies LP now owns 28,083 shares of the specialty chemicals company's stock worth $1,576,000 after acquiring an additional 24,141 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.

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