H.B. Fuller (NYSE:FUL) Short Interest Down 6.2% in October

H.B. Fuller (NYSE:FUL) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 1,210,000 shares, a drop of 6.2% from the September 30th total of 1,290,000 shares. Based on an average daily volume of 279,000 shares, the short-interest ratio is currently 4.3 days.

Institutional Trading of H.B. Fuller

Large investors have recently modified their holdings of the company. BNP Paribas Financial Markets lifted its position in H.B. Fuller by 9.9% during the 1st quarter. BNP Paribas Financial Markets now owns 45,152 shares of the specialty chemicals company’s stock worth $3,600,000 after acquiring an additional 4,077 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in H.B. Fuller by 1.4% in the 2nd 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 buying an additional 7,292 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in H.B. Fuller in the 1st quarter valued at approximately $79,000. Dorsey & Whitney Trust CO LLC increased its position in H.B. Fuller by 8.1% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 71,354 shares of the specialty chemicals company’s stock worth $5,491,000 after buying an additional 5,356 shares during the period. Finally, New York State Teachers Retirement System boosted its position in shares of 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 valued at $6,799,000 after acquiring an additional 2,694 shares during the period. 95.93% of the stock is owned by institutional investors.

H.B. Fuller Stock Performance

Shares of FUL opened at $72.95 on Friday. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 22.52, a price-to-earnings-growth ratio of 1.41 and a beta of 1.41. The company’s fifty day moving average is $79.38 and its 200-day moving average is $79.26. The company has a quick ratio of 1.16, a current ratio of 1.89 and a debt-to-equity ratio of 1.10. H.B. Fuller has a 12 month low of $65.42 and a 12 month high of $87.67.

H.B. Fuller (NYSE:FUL) last posted its 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%. H.B. Fuller’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the business earned $1.06 earnings per share. Equities analysts expect that H.B. Fuller will post 4.17 EPS for the current fiscal year.

H.B. Fuller Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th were given a $0.2225 dividend. This represents a $0.89 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Thursday, October 17th. H.B. Fuller’s dividend payout ratio is 27.47%.

Wall Street Analysts Forecast Growth

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

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.