H. B. Fuller (NYSE:FUL) VP Nathan Weaver Sells 1,200 Shares of Stock

Key Points

• H. B. Fuller VP Nathan Weaver sold 1,200 shares for $60,504 at an average price of $50.42, reducing his direct stake by 10.05% to 10,736 shares.
• FUL shares slipped 0.6% to $50.33. In its latest quarter, the company beat earnings estimates with EPS of $1.52, while revenue of $938.17 million fell short of expectations despite rising 5.2% year over year.
• Analysts maintain a “Moderate Buy” consensus and an average price target of $62.88; H. B. Fuller also pays a $0.98 annualized dividend, yielding about 1.9%.

H. B. Fuller Company (NYSE:FUL - Get Free Report) VP Nathan Weaver sold 1,200 shares of the stock in a transaction that occurred on Wednesday, November 11th. The stock was sold at an average price of $50.42, for a total transaction of $60,504.00. Following the completion of the sale, the vice president directly owned 10,736 shares of the company's stock, valued at $541,309.12. This trade represents a 10.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

H. B. Fuller Stock Down 0.6%

FUL traded down $0.33 on Thursday, reaching $50.33. 115,253 shares of the company traded hands, compared to its average volume of 675,592. The stock's 50 day moving average price is $50.69 and its 200-day moving average price is $57.88. H. B. Fuller Company has a 52-week low of $46.70 and a 52-week high of $68.63. The company has a market cap of $2.71 billion, a price-to-earnings ratio of 14.05, a PEG ratio of 0.63 and a beta of 0.97. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.82 and a quick ratio of 1.10.

H. B. Fuller (NYSE:FUL - Get Free Report) last posted its quarterly earnings results on Thursday, September 24th. The specialty chemicals company reported $1.52 earnings per share for the quarter, topping analysts' consensus estimates of $1.47 by $0.05. The business had revenue of $938.17 million for the quarter, compared to the consensus estimate of $945.59 million. H. B. Fuller had a net margin of 5.56% and a return on equity of 12.65%. H. B. Fuller's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.26 earnings per share. On average, sell-side analysts expect that H. B. Fuller Company will post 4.88 EPS for the current fiscal year.

H. B. Fuller Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 29th. Stockholders of record on Thursday, October 15th were issued 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 was Thursday, October 15th. H. B. Fuller's payout ratio is currently 27.30%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FUL. Wall Street Zen downgraded H. B. Fuller from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 25th. JPMorgan Chase & Co. dropped their price target on shares of H. B. Fuller from $67.00 to $66.00 and set an "overweight" rating on the stock in a research note on Monday, September 28th. Robert W. Baird cut their price target on shares of H. B. Fuller from $75.00 to $65.00 and set an "outperform" rating on the stock in a report on Friday, September 25th. Citigroup reduced their price objective on shares of H. B. Fuller from $75.00 to $63.00 and set a "buy" rating for the company in a research note on Monday, September 28th. Finally, 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. 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 stock. According to MarketBeat, H. B. Fuller presently has a consensus rating of "Moderate Buy" and a consensus price target of $62.88.

Institutional Investors Weigh In On H. B. Fuller

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Covestor Ltd lifted its stake in shares of H. B. Fuller by 38.3% in the third 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 grew its stake in 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 buying an additional 313 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in H. B. Fuller in the 2nd quarter valued at $86,000. Bank of New York Mellon Corp bought a new position in H. B. Fuller in the 2nd quarter worth $29,611,000. Finally, S&CO Inc. bought a new position in H. B. Fuller in the 2nd quarter worth $14,093,000. 95.93% of the stock is currently owned by institutional investors and hedge funds.

H. B. Fuller Company Profile

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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