Insider Selling: H. B. Fuller Company (NYSE:FUL) VP Sells 1,046 Shares of Stock

Key Points

• H. B. Fuller VP Joao Magalhaes sold 1,046 shares of stock at an average price of $56.20, reducing his ownership by 24.15% to a total of 3,285 shares valued at $184,617.
• The company recently announced a $0.235 quarterly dividend to shareholders, with an annualized yield of 1.7% and a payout ratio of 50.81%.
• H. B. Fuller has received mixed ratings from analysts, with a consensus target price of $67.25 and a majority rating of "Hold."

H. B. Fuller Company (NYSE:FUL - Get Free Report) VP Joao Magalhaes sold 1,046 shares of the firm's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $56.20, for a total value of $58,785.20. Following the transaction, the vice president owned 3,285 shares in the company, valued at approximately $184,617. This represents a 24.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

H. B. Fuller Stock Down 0.3%

NYSE FUL traded down $0.19 during trading on Friday, hitting $56.18. The company's stock had a trading volume of 333,755 shares, compared to its average volume of 407,487. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.87 and a quick ratio of 1.15. The company has a market cap of $3.03 billion, a PE ratio of 30.37, a P/E/G ratio of 0.92 and a beta of 1.13. The business's 50 day simple moving average is $58.39 and its 200-day simple moving average is $56.94. H. B. Fuller Company has a fifty-two week low of $47.56 and a fifty-two week high of $85.89.

H. B. Fuller (NYSE:FUL - Get Free Report) last issued its quarterly earnings results on Wednesday, June 25th. The specialty chemicals company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.08. The business had revenue of $898.10 million during the quarter, compared to the consensus estimate of $894.87 million. H. B. Fuller had a return on equity of 11.50% and a net margin of 2.92%. The company's quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter last year, the company earned $1.12 earnings per share. On average, equities analysts anticipate that H. B. Fuller Company will post 4.07 EPS for the current fiscal year.

H. B. Fuller Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Thursday, July 31st will be issued a dividend of $0.235 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.7%. H. B. Fuller's payout ratio is 50.81%.

Analysts Set New Price Targets

FUL has been the topic of several research reports. Baird R W upgraded H. B. Fuller from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 17th. JPMorgan Chase & Co. raised their price objective on H. B. Fuller from $50.00 to $54.00 and gave the company an "underweight" rating in a research report on Friday, June 27th. Finally, Robert W. Baird raised their price objective on H. B. Fuller from $60.00 to $75.00 and gave the company an "outperform" rating in a research report on Friday, June 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $67.25.

Institutional Investors Weigh In On H. B. Fuller

Institutional investors and hedge funds have recently modified their holdings of the company. Neo Ivy Capital Management acquired a new stake in shares of H. B. Fuller during the first quarter worth about $990,000. Cooke & Bieler LP purchased a new position in H. B. Fuller during the first quarter valued at approximately $36,830,000. Kennedy Capital Management LLC raised its position in H. B. Fuller by 13.4% during the fourth quarter. Kennedy Capital Management LLC now owns 127,896 shares of the specialty chemicals company's stock valued at $8,630,000 after acquiring an additional 15,100 shares in the last quarter. Sterling Capital Management LLC raised its position in H. B. Fuller by 731.1% during the fourth quarter. Sterling Capital Management LLC now owns 1,255 shares of the specialty chemicals company's stock valued at $85,000 after acquiring an additional 1,104 shares in the last quarter. Finally, MetLife Investment Management LLC raised its position in H. B. Fuller by 4.7% during the fourth quarter. MetLife Investment Management LLC now owns 33,058 shares of the specialty chemicals company's stock valued at $2,231,000 after acquiring an additional 1,472 shares in the last quarter. Institutional investors and hedge funds own 95.93% of the company's stock.

About H. B. Fuller

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products. It operates through three segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Construction Adhesives.