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

H.B. Fuller (NYSE:FULGet Free Report) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 836,400 shares, a growth 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

Several analysts recently issued reports on the company. StockNews.com upgraded H.B. Fuller from a “hold” rating to a “buy” rating in a research note on Thursday, January 18th. Vertical Research assumed coverage on H.B. Fuller in a research note on Tuesday, March 19th. They issued a “buy” rating and a $88.00 price target for the company. Stifel Nicolaus boosted their price target 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. Finally, Robert W. Baird boosted their price target on H.B. Fuller from $80.00 to $90.00 and gave the company a “neutral” rating in a research note on Monday. One 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $86.20.

Read Our Latest Stock Report on FUL

H.B. Fuller Price Performance

Shares of NYSE:FUL traded down $0.04 during trading on Tuesday, reaching $78.88. 387,386 shares of the company traded hands, compared to its average volume of 298,766. The company’s 50 day moving average is $78.42 and its two-hundred day moving average is $75.66. The firm has a market capitalization of $4.28 billion, a PE ratio of 28.68, a PEG ratio of 1.26 and a beta of 1.52. 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 has a 52 week low of $62.57 and a 52 week high of $84.31.

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

H.B. Fuller Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 21st. Investors of record on Wednesday, February 7th were given a dividend of $0.205 per share. The ex-dividend date was Tuesday, February 6th. This represents a $0.82 annualized dividend and a dividend yield of 1.04%. H.B. Fuller’s dividend payout ratio is currently 29.82%.

Insiders Place Their Bets

In other H.B. Fuller news, VP Heather Campe sold 3,450 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $76.83, for a total transaction of $265,063.50. Following the transaction, the vice president now owns 19,736 shares of the company’s stock, valued at approximately $1,516,316.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Heather Campe sold 3,450 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $76.83, for a total transaction of $265,063.50. Following the transaction, the vice president now directly owns 19,736 shares of the company’s stock, valued at approximately $1,516,316.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Muhammad Shahbaz Malik sold 14,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $76.28, for a total value of $1,067,920.00. Following the transaction, the vice president now directly owns 9,089 shares in the company, valued at $693,308.92. The disclosure for this sale can be found here. Insiders have sold 30,693 shares of company stock valued at $2,353,357 in the last 90 days. 1.96% of the stock is currently owned by insiders.

Institutional Trading of H.B. Fuller

Institutional investors and hedge funds have recently modified their holdings of the business. Eagle Bay Advisors LLC bought a new stake in shares of H.B. Fuller during the 2nd quarter worth $33,000. Arlington Trust Co LLC acquired a new position in H.B. Fuller in the 4th quarter worth about $134,000. Security National Bank of SO Dak acquired a new position in H.B. Fuller in the 4th quarter worth about $236,000. Campbell & CO Investment Adviser LLC acquired a new position in H.B. Fuller in the 4th quarter worth about $418,000. Finally, Wesbanco Bank Inc. increased its holdings in H.B. Fuller by 90.2% in the 3rd quarter. Wesbanco Bank Inc. now owns 9,700 shares of the specialty chemicals company’s stock worth $666,000 after purchasing an additional 4,600 shares in the last quarter. 95.93% of the stock is currently owned by institutional investors.

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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