Key Points
- H. B. Fuller VP Nathan Weaver sold 7,075 shares on Nov. 13 at an average price of $58.38 for a total of $413,038.50, cutting his holding by 42.84% to 9,441 shares; the transaction was disclosed in an SEC filing.
- The stock traded at $57.43 midday (near its 50- and 200-day moving averages) and the company has a $3.11B market cap, a 1.6% dividend yield, very high institutional ownership (95.93%), and a consensus analyst rating of "Moderate Buy" with a $67.75 target.
H. B. Fuller Company (NYSE:FUL - Get Free Report) VP Nathan Weaver sold 7,075 shares of the business's stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $58.38, for a total transaction of $413,038.50. Following the transaction, the vice president owned 9,441 shares in the company, valued at $551,165.58. This represents a 42.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
H. B. Fuller Stock Performance
H. B. Fuller stock traded down $1.18 during midday trading on Friday, reaching $57.43. 432,671 shares of the company's stock were exchanged, compared to its average volume of 458,150. The stock's 50-day simple moving average is $59.31 and its 200 day simple moving average is $58.41. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 31.04, a P/E/G ratio of 1.05 and a beta of 1.13. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.18 and a current ratio of 1.93. H. B. Fuller Company has a 52 week low of $47.56 and a 52 week high of $78.68.
H. B. Fuller (NYSE:FUL - Get Free Report) last released its quarterly earnings data on Wednesday, April 13th. The specialty chemicals company reported $0.66 earnings per share (EPS) for the quarter. H. B. Fuller had a return on equity of 11.49% and a net margin of 3.28%.The firm had revenue of $725.90 million for the quarter. H. B. Fuller has set its FY 2022 guidance at $4.100-$4.350 EPS. On average, analysts expect that H. B. Fuller Company will post 4.07 earnings per share for the current fiscal year.
H. B. Fuller Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 30th. Shareholders of record on Thursday, October 16th were issued a $0.235 dividend. This represents a $0.94 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Thursday, October 16th. H. B. Fuller's payout ratio is currently 50.81%.
Institutional Trading of H. B. Fuller
Institutional investors have recently modified their holdings of the stock. Cooke & Bieler LP increased its position in shares of H. B. Fuller by 94.9% in the third quarter. Cooke & Bieler LP now owns 1,481,030 shares of the specialty chemicals company's stock worth $87,795,000 after purchasing an additional 721,100 shares during the period. Norges Bank acquired a new stake in H. B. Fuller during the second quarter worth about $40,584,000. UBS Group AG grew its stake in H. B. Fuller by 200.8% during the third quarter. UBS Group AG now owns 820,871 shares of the specialty chemicals company's stock worth $48,661,000 after buying an additional 548,017 shares in the last quarter. Cramer Rosenthal Mcglynn LLC increased its holdings in H. B. Fuller by 287.2% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 371,650 shares of the specialty chemicals company's stock valued at $22,031,000 after buying an additional 275,654 shares during the period. Finally, Kennedy Capital Management LLC raised its position in shares of H. B. Fuller by 131.2% in the 3rd quarter. Kennedy Capital Management LLC now owns 439,444 shares of the specialty chemicals company's stock valued at $26,050,000 after buying an additional 249,350 shares in the last quarter. 95.93% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
FUL has been the topic of several research analyst reports. Wall Street Zen lowered shares of H. B. Fuller from a "buy" rating to a "hold" rating in a research report on Saturday, November 8th. Citigroup raised shares of H. B. Fuller from a "neutral" rating to a "buy" rating and increased their price target for the company from $62.00 to $70.00 in a report on Wednesday, October 22nd. Weiss Ratings restated a "hold (c)" rating on shares of H. B. Fuller in a research report on Tuesday. Finally, Seaport Res Ptn raised H. B. Fuller from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 26th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $67.75.
Check Out Our Latest Research Report on H. B. Fuller
About H. B. Fuller
(
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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