H. B. Fuller (NYSE:FUL) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

H. B. Fuller Company (NYSE:FUL)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $58.06 and traded as high as $63.02. H. B. Fuller shares last traded at $62.24, with a volume of 250,443 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on FUL shares. JPMorgan Chase & Co. raised their price objective on shares of H. B. Fuller from $50.00 to $54.00 and gave the stock an “underweight” rating in a research report on Friday, June 27th. Baird R W raised shares of H. B. Fuller from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 17th. Finally, Robert W. Baird raised their price objective on shares of H. B. Fuller from $60.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, June 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, H. B. Fuller presently has an average rating of “Hold” and an average price target of $67.25.

H. B. Fuller Trading Down 1.2%

The stock has a market cap of $3.36 billion, a PE ratio of 33.64, a P/E/G ratio of 0.94 and a beta of 1.12. The business’s fifty day moving average is $56.06 and its 200 day moving average is $58.06. The company has a quick ratio of 1.15, a current ratio of 1.87 and a debt-to-equity ratio of 1.13.

H. B. Fuller (NYSE:FUL) last announced its earnings results on Wednesday, June 25th. The specialty chemicals company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.08. The company had revenue of $898.10 million during the quarter, compared to analysts’ expectations of $894.87 million. H. B. Fuller had a net margin of 2.92% and a return on equity of 11.50%. The firm’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.12 earnings per share. As a group, analysts predict that H. B. Fuller Company will post 4.07 earnings per share for the current year.

H. B. Fuller Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Tuesday, April 29th were paid a dividend of $0.235 per share. This is an increase from H. B. Fuller’s previous quarterly dividend of $0.22. The ex-dividend date was Tuesday, April 29th. This represents a $0.94 annualized dividend and a dividend yield of 1.51%. H. B. Fuller’s dividend payout ratio is presently 50.81%.

Hedge Funds Weigh In On H. B. Fuller

Institutional investors and hedge funds have recently modified their holdings of the company. Jones Financial Companies Lllp increased its position in shares of H. B. Fuller by 128.8% in the fourth quarter. Jones Financial Companies Lllp now owns 899 shares of the specialty chemicals company’s stock worth $61,000 after acquiring an additional 506 shares in the last quarter. Sterling Capital Management LLC grew its holdings in H. B. Fuller by 731.1% during the 4th quarter. Sterling Capital Management LLC now owns 1,255 shares of the specialty chemicals company’s stock valued at $85,000 after purchasing an additional 1,104 shares in the last quarter. Strs Ohio acquired a new stake in H. B. Fuller during the 1st quarter valued at $101,000. Quantbot Technologies LP acquired a new stake in H. B. Fuller during the 4th quarter valued at $266,000. Finally, Neuberger Berman Group LLC grew its holdings in H. B. Fuller by 25.4% during the 1st quarter. Neuberger Berman Group LLC now owns 6,538 shares of the specialty chemicals company’s stock valued at $367,000 after purchasing an additional 1,323 shares in the last quarter. Hedge funds and other institutional investors own 95.93% of the company’s stock.

About H. B. Fuller

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.