Key Points
- Insider purchase: H. B. Fuller VP Muhammad Malik bought 479 shares at $52.23 each, investing $25,018.17 and increasing his ownership by 3.5% to 14,176 shares.
- Quarterly performance: The specialty chemicals company reported adjusted earnings of $1.52 per share, beating estimates by $0.05, while revenue rose 5.2% year over year to $938.17 million but fell short of forecasts.
- Dividend and outlook: H. B. Fuller declared a quarterly dividend of $0.245 per share, equivalent to a 1.9% yield, while analysts maintained a “Moderate Buy” consensus with an average price target of $64.62.
H. B. Fuller Company (NYSE:FUL - Get Free Report) VP Muhammad Malik bought 479 shares of the firm's stock in a transaction that occurred on Friday, October 16th. The stock was purchased at an average price of $52.23 per share, with a total value of $25,018.17. Following the completion of the purchase, the vice president owned 14,176 shares in the company, valued at approximately $740,412.48. This trade represents a 3.50% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
H. B. Fuller Stock Performance
Shares of NYSE FUL opened at $51.02 on Tuesday. The company's fifty day moving average price is $53.50 and its 200 day moving average price is $57.80. H. B. Fuller Company has a 1 year low of $46.70 and a 1 year high of $68.63. The company has a market capitalization of $2.75 billion, a PE ratio of 14.21, a price-to-earnings-growth ratio of 0.63 and a beta of 0.99. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.10 and a current ratio of 1.82.
H. B. Fuller (NYSE:FUL - Get Free Report) last released its quarterly 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. H. B. Fuller had a net margin of 5.56% and a return on equity of 12.65%. The company had revenue of $938.17 million for the quarter, compared to analyst estimates of $945.59 million. During the same quarter last year, the business earned $1.26 earnings per share. The firm's revenue was up 5.2% on a year-over-year basis. On average, research analysts predict that H. B. Fuller Company will post 4.88 earnings per share for the current year.
H. B. Fuller Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Thursday, October 15th will be paid a dividend of $0.2450 per share. This represents a $0.98 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Thursday, October 15th. H. B. Fuller's dividend payout ratio is presently 27.30%.
Institutional Trading of H. B. Fuller
Institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in H. B. Fuller by 5.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,608,006 shares of the specialty chemicals company's stock worth $160,854,000 after buying an additional 132,558 shares in the last quarter. Royal Bank of Canada lifted its position in shares of H. B. Fuller by 2,694.7% in the first 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 in the last quarter. Bank of America Corp DE increased its position in shares of H. B. Fuller by 36.3% during the first quarter. Bank of America Corp DE now owns 513,163 shares of the specialty chemicals company's stock worth $31,652,000 after purchasing an additional 136,666 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of H. B. Fuller during the second quarter worth approximately $29,611,000. Finally, Gamco Investors INC. ET AL increased its position in shares of H. B. Fuller by 0.9% during the first quarter. Gamco Investors INC. ET AL now owns 391,252 shares of the specialty chemicals company's stock worth $24,132,000 after purchasing an additional 3,522 shares in the last quarter. Hedge funds and other institutional investors own 95.93% of the company's stock.
Analysts Set New Price Targets
FUL has been the topic of a number of analyst reports. JPMorgan Chase & Co. dropped their target price on H. B. Fuller from $67.00 to $66.00 and set an "overweight" rating on the stock in a research report on Monday, September 28th. Weiss Ratings cut H. B. Fuller from a "hold (c)" rating to a "hold (c-)" rating in a report on Monday, September 14th. UBS Group set a $69.00 price target on H. B. Fuller in a report on Friday, June 26th. Zacks Research downgraded H. B. Fuller from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 18th. Finally, Citigroup dropped their price objective on H. B. Fuller from $75.00 to $63.00 and set a "buy" rating on the stock in a report on Monday, September 28th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, H. B. Fuller currently has a consensus rating of "Moderate Buy" and an average price target of $64.62.
Read Our Latest Report on FUL
H. B. Fuller Company Profile
(
Get Free Report)
H.B. Fuller Company is a global manufacturer of adhesives, sealants and specialty chemical products. Its solutions are used to bond, seal, protect and assemble materials in commercial and industrial applications, including packaging, hygiene products, construction, transportation, electronics and durable goods.
The company offers products such as hot-melt, water-based and reactive adhesives, construction adhesives, sealants, coatings and specialty formulations. H.B. Fuller serves manufacturers, contractors and other commercial customers that require bonding and sealing solutions for products, components and building materials.
Founded in 1887 by Harvey Benjamin Fuller, the company has grown from a regional adhesive producer into an international supplier serving customers across North America, Europe, Asia-Pacific and Latin America.
Further Reading
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