Key Points
- H. B. Fuller director Srilata Zaheer bought 2,000 shares at an average price of $49.06, investing $98,120 and increasing her holdings by 148.59%. She also purchased 40 additional shares the following day.
- H. B. Fuller reported adjusted EPS of $1.52, topping estimates of $1.47, while revenue rose 5.2% year over year to $938.17 million, slightly below expectations.
- The stock has a consensus “Moderate Buy” rating and an average analyst price target of $64.62, while potential strategic value is being highlighted by Ancora’s increased, up-to-$1.4 billion bid for the company’s building adhesives unit.
H. B. Fuller Company (NYSE:FUL - Get Free Report) Director Srilata Zaheer acquired 2,000 shares of the company's stock in a transaction dated Monday, September 28th. The shares were purchased at an average cost of $49.06 per share, with a total value of $98,120.00. Following the acquisition, the director owned 3,346 shares of the company's stock, valued at approximately $164,154.76. This represents a 148.59% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Srilata Zaheer also recently made the following trade(s):
- On Tuesday, September 29th, Srilata Zaheer bought 40 shares of H. B. Fuller stock. The shares were acquired at an average price of $49.97 per share, for a total transaction of $1,998.80.
H. B. Fuller Stock Up 0.0%
Shares of NYSE:FUL opened at $49.62 on Thursday. The company has a quick ratio of 1.10, a current ratio of 1.82 and a debt-to-equity ratio of 0.95. The firm has a market cap of $2.67 billion, a P/E ratio of 13.82, a P/E/G ratio of 0.54 and a beta of 0.97. H. B. Fuller Company has a 12 month low of $46.70 and a 12 month high of $68.63. The company's 50-day moving average price is $55.33 and its two-hundred day moving average price is $58.21.
H. B. Fuller (NYSE:FUL - Get Free Report) last released its earnings results on Thursday, September 24th. The specialty chemicals company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.47 by $0.05. The company had revenue of $938.17 million during the quarter, compared to analysts' expectations of $945.59 million. H. B. Fuller had a return on equity of 12.65% and a net margin of 5.56%.The business's revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the firm earned $1.26 EPS. As a group, research analysts forecast that H. B. Fuller Company will post 4.83 EPS for the current fiscal year.
H. B. Fuller Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, July 30th were given a $0.2450 dividend. This represents a $0.98 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Thursday, July 30th. H. B. Fuller's dividend payout ratio (DPR) is currently 27.30%.
Key Headlines Impacting H. B. Fuller
Here are the key news stories impacting H. B. Fuller this week:
- Positive Sentiment: Ancora raised its bid for H.B. Fuller’s building adhesives unit to as much as $1.4 billion in cash. The higher offer, reportedly backed by Fortress, increases the potential for a sale and could unlock value from the business. It also adds pressure on H. B. Fuller’s board to evaluate strategic alternatives for the unit. Ancora raises bid for H.B. Fuller building unit to $1.4 billion, Bloomberg says
- Positive Sentiment: Several directors made sizable open-market purchases of FUL shares. Directors Srilata Zaheer, Charles T. Lauber, Teresa Rasmussen, Daniel L. Florness and Thomas W. Handley collectively bought roughly $500,000 of stock at prices between $48.96 and $49.87. The purchases substantially increased their individual holdings and may bolster investor confidence in the company’s valuation. H. B. Fuller insider purchase filing
- Neutral Sentiment: H. B. Fuller recently reported better-than-expected earnings. Quarterly earnings per share exceeded estimates, and revenue increased year over year, although sales were slightly below analysts’ expectations. The results provide fundamental support but are being overshadowed by the strategic review and activist campaign.
- Negative Sentiment: JPMorgan issued a pessimistic forecast for H. B. Fuller’s stock. The caution highlights continuing concerns about the company’s outlook and could limit the benefit from the potential asset sale. JPMorgan forecast for H. B. Fuller
- Negative Sentiment: Deutsche Bank lowered its price target from $72 to $62, citing a more cautious valuation, although it maintained a “buy” rating. The revised target still implies meaningful upside and therefore makes the signal mixed rather than outright bearish. Ancora increased offer for H.B. Fuller unit
Hedge Funds Weigh In On H. B. Fuller
Hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its stake in H. B. Fuller by 5.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,608,006 shares of the specialty chemicals company's stock valued at $160,854,000 after acquiring an additional 132,558 shares during the last quarter. Norges Bank acquired a new position in shares of H. B. Fuller during the 4th quarter worth approximately $44,203,000. Royal Bank of Canada raised its stake in H. B. Fuller by 2,694.7% in the 1st quarter. Royal Bank of Canada now owns 675,765 shares of the specialty chemicals company's stock valued at $41,681,000 after acquiring an additional 651,585 shares during the period. Kennedy Capital Management LLC lifted its holdings in H. B. Fuller by 43.4% during the 4th quarter. Kennedy Capital Management LLC now owns 630,194 shares of the specialty chemicals company's stock valued at $37,471,000 after purchasing an additional 190,750 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in H. B. Fuller by 36.3% during the 1st quarter. Bank of America Corp DE now owns 513,163 shares of the specialty chemicals company's stock valued at $31,652,000 after purchasing an additional 136,666 shares during the last quarter. Institutional investors own 95.93% of the company's stock.
Wall Street Analyst Weigh In
FUL has been the topic of several research analyst reports. Zacks Research downgraded H. B. Fuller from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 18th. UBS Group set a $69.00 price target on H. B. Fuller in a report on Friday, June 26th. JPMorgan Chase & Co. dropped their price target on H. B. Fuller from $67.00 to $66.00 and set an "overweight" rating on the stock in a research report on Monday. Wall Street Zen cut H. B. Fuller from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 25th. Finally, Raymond James Financial set a $67.00 price objective on H. B. Fuller in a research report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $64.62.
Check Out Our Latest Analysis on FUL
H. B. Fuller Company Profile
(
Get Free Report)
H.B. Fuller Company (NYSE: FUL) develops and manufactures specialty adhesives, sealants and other chemical-based products used in industrial and commercial applications. Its solutions help customers bond, seal, coat and assemble materials across a range of products and manufacturing processes.
The company serves markets including packaging, hygiene and disposable products, construction, transportation, electronics, durable assembly, woodworking, flooring, composites and renewable energy.
Further Reading

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