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

H.B. Fuller (NYSE:FUL) saw a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 1,210,000 shares, a growth of 17.5% from the October 31st total of 1,030,000 shares. Based on an average daily trading volume, of 291,800 shares, the short-interest ratio is presently 4.1 days.

Hedge Funds Weigh In On H.B. Fuller

Several institutional investors and hedge funds have recently bought and sold shares of FUL. New York State Teachers Retirement System grew its holdings in H.B. Fuller by 3.1% in the second quarter. New York State Teachers Retirement System now owns 88,348 shares of the specialty chemicals company’s stock worth $6,799,000 after purchasing an additional 2,694 shares during the last quarter. Bank of New York Mellon Corp lifted its position in H.B. Fuller by 1.4% during the second quarter. Bank of New York Mellon Corp now owns 525,731 shares of the specialty chemicals company’s stock valued at $40,460,000 after purchasing an additional 7,292 shares during the period. Dorsey & Whitney Trust CO LLC lifted its position in H.B. Fuller by 8.1% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 71,354 shares of the specialty chemicals company’s stock valued at $5,491,000 after purchasing an additional 5,356 shares during the period. Marshall Wace LLP lifted its position in H.B. Fuller by 9.9% during the second quarter. Marshall Wace LLP now owns 290,005 shares of the specialty chemicals company’s stock valued at $22,319,000 after purchasing an additional 26,239 shares during the period. Finally, S&CO Inc. lifted its position in H.B. Fuller by 0.3% during the third quarter. S&CO Inc. now owns 267,192 shares of the specialty chemicals company’s stock valued at $21,209,000 after purchasing an additional 920 shares during the period. 95.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com cut H.B. Fuller from a “buy” rating to a “hold” rating in a research report on Wednesday, September 18th.

H.B. Fuller Trading Down 1.3 %

NYSE FUL traded down $0.99 during trading on Tuesday, hitting $75.97. The stock had a trading volume of 65,993 shares, compared to its average volume of 299,730. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.16 and a current ratio of 1.89. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of 23.44, a P/E/G ratio of 1.45 and a beta of 1.42. H.B. Fuller has a one year low of $72.60 and a one year high of $87.67. The stock has a 50 day simple moving average of $77.01 and a 200 day simple moving average of $79.14.

H.B. Fuller (NYSE:FUL) last posted its quarterly earnings results on Wednesday, September 25th. The specialty chemicals company reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.10). The company had revenue of $917.93 million for the quarter, compared to the consensus estimate of $944.04 million. H.B. Fuller had a net margin of 5.15% and a return on equity of 13.39%. The business’s revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.06 EPS. Sell-side analysts predict that H.B. Fuller will post 4.17 earnings per share for the current year.

H.B. Fuller Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th were issued a $0.2225 dividend. This represents a $0.89 annualized dividend and a yield of 1.17%. The ex-dividend date was Thursday, October 17th. H.B. Fuller’s dividend payout ratio is currently 27.47%.

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.