Insider Selling: H. B. Fuller Company (NYSE:FUL) VP Sells 1,099 Shares of Stock

Key Points

• H. B. Fuller VP Joao Magalhaes sold 1,099 shares of stock for approximately $61,884.69, decreasing their ownership by 25.07%.
• The company reported $1.18 EPS for the last quarter, surpassing estimates, with a revenue of $898.10 million, though this reflects a 2.1% year-over-year decline.
• A quarterly dividend of $0.235 will be paid to shareholders on August 14th, representing a 1.7% dividend yield.

H. B. Fuller Company (NYSE:FUL - Get Free Report) VP Joao Magalhaes sold 1,099 shares of the company's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $56.31, for a total transaction of $61,884.69. Following the completion of the transaction, the vice president directly owned 3,285 shares of the company's stock, valued at approximately $184,978.35. The trade was a 25.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Joao Magalhaes also recently made the following trade(s):

• On Thursday, August 7th, Joao Magalhaes sold 1,046 shares of H. B. Fuller stock. The stock was sold at an average price of $56.20, for a total transaction of $58,785.20.

H. B. Fuller Stock Performance

NYSE FUL traded up $0.35 during midday trading on Monday, hitting $56.56. The company had a trading volume of 86,208 shares, compared to its average volume of 481,846. The company has a quick ratio of 1.15, a current ratio of 1.87 and a debt-to-equity ratio of 1.13. The firm has a fifty day simple moving average of $58.39 and a two-hundred day simple moving average of $56.94. H. B. Fuller Company has a fifty-two week low of $47.56 and a fifty-two week high of $85.89. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 30.57, a P/E/G ratio of 0.92 and a beta of 1.13.

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

H. B. Fuller Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Thursday, July 31st will be paid a $0.235 dividend. 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 currently 50.81%.

Hedge Funds Weigh In On H. B. Fuller

A number of institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC raised its stake in shares of H. B. Fuller by 141.6% during the second quarter. Parallel Advisors LLC now owns 534 shares of the specialty chemicals company's stock worth $32,000 after buying an additional 313 shares during the last quarter. Sterling Capital Management LLC raised its position in shares of H. B. Fuller by 731.1% in the fourth quarter. Sterling Capital Management LLC now owns 1,255 shares of the specialty chemicals company's stock valued at $85,000 after purchasing an additional 1,104 shares during the period. Strs Ohio acquired a new position in shares of H. B. Fuller in the first quarter valued at about $101,000. Signaturefd LLC grew its stake in shares of H. B. Fuller by 20.5% in the second quarter. Signaturefd LLC now owns 1,743 shares of the specialty chemicals company's stock valued at $105,000 after acquiring an additional 297 shares in the last quarter. Finally, Huntington National Bank grew its stake in H. B. Fuller by 23.9% during the second quarter. Huntington National Bank now owns 2,236 shares of the specialty chemicals company's stock worth $134,000 after buying an additional 432 shares in the last quarter. 95.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

H. B. Fuller Company Profile

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.

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