H.B. Fuller (NYSE:FUL) Sees Large Growth in Short Interest

H.B. Fuller (NYSE:FULGet Free Report) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 836,400 shares, an increase of 11.0% from the February 29th total of 753,300 shares. Based on an average daily volume of 274,900 shares, the days-to-cover ratio is currently 3.0 days.

Analysts Set New Price Targets

FUL has been the subject of a number of recent analyst reports. StockNews.com upgraded H.B. Fuller from a “hold” rating to a “buy” rating in a report on Thursday, January 18th. Stifel Nicolaus upped their target price on H.B. Fuller from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, January 19th. Vertical Research assumed coverage on H.B. Fuller in a research note on Tuesday, March 19th. They set a “buy” rating and a $88.00 price objective for the company. Finally, Robert W. Baird increased their target price on H.B. Fuller from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Monday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $86.20.

Get Our Latest Research Report on FUL

H.B. Fuller Stock Performance

Shares of NYSE FUL traded down $0.04 during midday trading on Tuesday, hitting $78.88. 387,386 shares of the company’s stock were exchanged, compared to its average volume of 298,766. The company’s 50 day moving average price is $78.42 and its 200 day moving average price is $75.66. The firm has a market capitalization of $4.28 billion, a PE ratio of 28.68, a price-to-earnings-growth ratio of 1.26 and a beta of 1.52. H.B. Fuller has a 12 month low of $62.57 and a 12 month high of $84.31. The company has a quick ratio of 1.23, a current ratio of 1.99 and a debt-to-equity ratio of 1.03.

H.B. Fuller (NYSE:FULGet Free Report) last announced its quarterly earnings data on Wednesday, March 27th. The specialty chemicals company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.03. H.B. Fuller had a return on equity of 12.88% and a net margin of 4.39%. The firm had revenue of $810.42 million during the quarter, compared to analysts’ expectations of $823.04 million. During the same period in the previous year, the firm earned $0.55 EPS. The company’s quarterly revenue was up .2% compared to the same quarter last year. As a group, analysts predict that H.B. Fuller will post 4.35 earnings per share for the current fiscal year.

H.B. Fuller Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 21st. Shareholders of record on Wednesday, February 7th were given a $0.205 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.04%. H.B. Fuller’s dividend payout ratio (DPR) is presently 29.82%.

Insiders Place Their Bets

In other news, VP Muhammad Shahbaz Malik sold 14,000 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $76.28, for a total transaction of $1,067,920.00. Following the completion of the transaction, the vice president now owns 9,089 shares of the company’s stock, valued at $693,308.92. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other H.B. Fuller news, VP Muhammad Shahbaz Malik sold 14,000 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $76.28, for a total value of $1,067,920.00. Following the sale, the vice president now directly owns 9,089 shares in the company, valued at $693,308.92. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Heather Campe sold 13,243 shares of the business’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $77.05, for a total transaction of $1,020,373.15. Following the completion of the sale, the vice president now owns 20,406 shares in the company, valued at $1,572,282.30. The disclosure for this sale can be found here. Insiders sold a total of 30,693 shares of company stock valued at $2,353,357 over the last 90 days. 1.96% of the stock is owned by company insiders.

Institutional Investors Weigh In On H.B. Fuller

Several institutional investors and hedge funds have recently made changes to their positions in FUL. Public Employees Retirement Association of Colorado raised its stake in shares of H.B. Fuller by 2,588.7% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 335,119 shares of the specialty chemicals company’s stock worth $27,282,000 after purchasing an additional 322,655 shares during the last quarter. Luminus Management LLC increased its position in H.B. Fuller by 123.9% in the third quarter. Luminus Management LLC now owns 410,351 shares of the specialty chemicals company’s stock worth $28,154,000 after buying an additional 227,055 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of H.B. Fuller by 25.3% in the third quarter. Ameriprise Financial Inc. now owns 425,162 shares of the specialty chemicals company’s stock valued at $29,170,000 after purchasing an additional 85,716 shares in the last quarter. Partners Capital Investment Group LLP purchased a new position in shares of H.B. Fuller in the fourth quarter valued at $5,598,000. Finally, Tudor Investment Corp Et Al grew its position in H.B. Fuller by 150.7% during the second quarter. Tudor Investment Corp Et Al now owns 105,666 shares of the specialty chemicals company’s stock worth $7,556,000 after buying an additional 63,524 shares in the last quarter. Institutional investors own 95.93% of the company’s stock.

H.B. Fuller Company Profile

(Get Free Report)

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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