H. B. Fuller (NYSE:FUL) VP Sells $593,355.66 in Stock

Key Points

• H. B. Fuller VP Nathan Weaver sold 9,561 shares at an average price of $62.06, generating $593,355.66 and reducing his ownership by 44.89% to 11,739 shares.
• The stock fell 1.4% to $61.16. H. B. Fuller recently beat quarterly earnings and revenue estimates, reporting $1.41 in EPS and $950.27 million in revenue, up 5.8% year over year.
• Analysts maintain a generally positive view, with an average “Moderate Buy” rating and a $67.86 price target. The company also declared a quarterly dividend of $0.245 per share, equivalent to a 1.6% annual yield.

H. B. Fuller Company (NYSE:FUL - Get Free Report) VP Nathan Weaver sold 9,561 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $62.06, for a total value of $593,355.66. Following the completion of the sale, the vice president owned 11,739 shares of the company's stock, valued at approximately $728,522.34. This trade represents a 44.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

H. B. Fuller Stock Down 1.4%

NYSE FUL traded down $0.87 during trading on Wednesday, hitting $61.16. The company's stock had a trading volume of 177,142 shares, compared to its average volume of 644,786. H. B. Fuller Company has a fifty-two week low of $48.71 and a fifty-two week high of $68.63. The company has a market cap of $3.29 billion, a PE ratio of 18.76, a P/E/G ratio of 0.66 and a beta of 0.98. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.80 and a quick ratio of 1.12. The business's 50 day simple moving average is $59.33 and its 200-day simple moving average is $60.49.

H. B. Fuller (NYSE:FUL - Get Free Report) last posted its quarterly earnings data on Thursday, June 25th. The specialty chemicals company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.04. The firm had revenue of $950.27 million for the quarter, compared to the consensus estimate of $924.83 million. H. B. Fuller had a net margin of 5.29% and a return on equity of 12.18%. The company's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.18 earnings per share. On average, equities analysts anticipate that H. B. Fuller Company will post 4.87 EPS for the current fiscal year.

H. B. Fuller Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th will be issued a $0.245 dividend. The ex-dividend date of this dividend is Thursday, July 30th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.6%. H. B. Fuller's dividend payout ratio (DPR) is currently 30.06%.

Institutional Investors Weigh In On H. B. Fuller

Hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP lifted its holdings in shares of H. B. Fuller by 50.1% in the 4th quarter. Allworth Financial LP now owns 578 shares of the specialty chemicals company's stock valued at $34,000 after buying an additional 193 shares during the period. Hantz Financial Services Inc. raised its position in H. B. Fuller by 432.9% during the fourth quarter. Hantz Financial Services Inc. now owns 778 shares of the specialty chemicals company's stock valued at $46,000 after acquiring an additional 632 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in H. B. Fuller during the fourth quarter valued at approximately $46,000. Torren Management LLC acquired a new position in H. B. Fuller in the fourth quarter valued at approximately $52,000. Finally, Brown Brothers Harriman & Co. purchased a new stake in H. B. Fuller in the 3rd quarter worth approximately $56,000. 95.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on FUL. JPMorgan Chase & Co. raised H. B. Fuller from a "neutral" rating to an "overweight" rating and upped their target price for the company from $58.00 to $67.00 in a research report on Friday, June 26th. Wall Street Zen downgraded H. B. Fuller from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 25th. Weiss Ratings reissued a "hold (c)" rating on shares of H. B. Fuller in a report on Tuesday, June 30th. Citigroup lifted their target price on H. B. Fuller from $70.00 to $75.00 and gave the stock a "buy" rating in a report on Tuesday, June 30th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on H. B. Fuller from $70.00 to $72.00 and gave the company a "buy" rating in a research report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, H. B. Fuller currently has an average rating of "Moderate Buy" and an average target price of $67.86.

About H. B. Fuller

H. B. Fuller Company, founded in 1887 and headquartered in St. Paul, Minnesota, is a global adhesives and specialty chemical solutions provider serving a wide array of industries. The company develops, manufactures and markets adhesive technologies, sealants, polymers and related chemical products designed to enhance product performance, sustainability and manufacturing efficiency.

Fuller's product portfolio spans multiple market segments, including packaging and converting, general industrial assembly, electronics, transportation, hygiene and construction.

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