Key Points
- H. B. Fuller VP Nathan Weaver sold 1,200 shares for $60,504 at an average price of $50.42, reducing his stake by 10.05%; he retained 10,736 shares.
- The company reported quarterly EPS of $1.52, beating the $1.47 consensus estimate, while revenue of $938.17 million fell short of forecasts. Revenue nevertheless increased 5.2% year over year.
- Analysts’ consensus rating was Moderate Buy, with an average price target of $62.88. The company’s quarterly dividend was $0.245 per share, or $0.98 annualized.
H. B. Fuller Company (NYSE:FUL - Get Free Report) VP Nathan Weaver sold 1,200 shares of the stock in a transaction on Wednesday, November 11th. The shares were sold at an average price of $50.42, for a total value of $60,504.00. Following the completion of the sale, the vice president owned 10,736 shares in the company, valued at approximately $541,309.12. The trade was a 10.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
H. B. Fuller Trading Down 2.2%
NYSE:FUL opened at $49.52 on Friday. H. B. Fuller Company has a 12-month low of $46.70 and a 12-month high of $68.63. The firm has a market cap of $2.67 billion, a PE ratio of 13.79, a price-to-earnings-growth ratio of 0.62 and a beta of 0.97. The company has a current ratio of 1.82, a quick ratio of 1.10 and a debt-to-equity ratio of 0.95. The stock has a fifty day moving average price of $50.60 and a 200 day moving average price of $57.82.
H. B. Fuller (NYSE:FUL - Get Free Report) last issued its quarterly earnings results on Thursday, September 24th. The specialty chemicals company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.05. H. B. Fuller had a return on equity of 12.65% and a net margin of 5.56%. The company had revenue of $938.17 million for the quarter, compared to the consensus estimate of $945.59 million. During the same quarter in the prior year, the business earned $1.26 EPS. H. B. Fuller's revenue was up 5.2% on a year-over-year basis. Sell-side analysts anticipate that H. B. Fuller Company will post 4.88 earnings per share for the current fiscal year.
H. B. Fuller Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 29th. Stockholders of record on Thursday, October 15th were paid a $0.2450 dividend. This represents a $0.98 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Thursday, October 15th. H. B. Fuller's dividend payout ratio (DPR) is presently 27.30%.
Institutional Trading of H. B. Fuller
A number of hedge funds and other institutional investors have recently bought and sold shares of FUL. Covestor Ltd lifted its holdings in H. B. Fuller by 38.3% during the 3rd quarter. Covestor Ltd now owns 917 shares of the specialty chemicals company's stock worth $45,000 after buying an additional 254 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of H. B. Fuller by 1.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 25,381 shares of the specialty chemicals company's stock valued at $1,256,000 after acquiring an additional 313 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of H. B. Fuller by 85.6% in the 1st quarter. Parallel Advisors LLC now owns 1,034 shares of the specialty chemicals company's stock valued at $64,000 after acquiring an additional 477 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in shares of H. B. Fuller by 4.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 16,874 shares of the specialty chemicals company's stock worth $1,041,000 after acquiring an additional 699 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of H. B. Fuller during the 2nd quarter worth about $86,000. 95.93% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on FUL. Citigroup cut their target price on shares of H. B. Fuller from $75.00 to $63.00 and set a "buy" rating on the stock in a research note on Monday, September 28th. JPMorgan Chase & Co. decreased their price target on shares of H. B. Fuller from $67.00 to $66.00 and set an "overweight" rating for the company in a research note on Monday, September 28th. Wall Street Zen downgraded shares of H. B. Fuller from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 25th. Weiss Ratings cut shares of H. B. Fuller from a "hold (c)" rating to a "hold (c-)" rating in a report on Monday, September 14th. Finally, Zacks Research cut shares of H. B. Fuller from a "strong-buy" rating to a "hold" rating in a report on Friday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, H. B. Fuller presently has a consensus rating of "Moderate Buy" and a consensus price target of $62.88.
Check Out Our Latest Analysis on H. B. Fuller
About H. B. Fuller
(
Get Free Report)
H.B. Fuller Company is a global specialty chemicals company focused on developing and manufacturing adhesives, sealants and other specialty products. Its solutions are used in applications including packaging, disposable hygiene products, construction, electronics, transportation and consumer goods. The company serves customers across the Americas, Europe, the Middle East and Africa, and Asia Pacific, supplying products for both industrial and consumer-facing applications. Founded in 1887 in St. Paul, Minnesota, H.B. Fuller has grown from a regional business into an international manufacturer.
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