Joao Magalhaes Sells 1,099 Shares of H. B. Fuller Company (NYSE:FUL) 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 firm'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 in the company, valued at $184,978.35. This trade represents a 25.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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 Down 0.8%

FUL stock traded down $0.48 on Friday, hitting $58.91. 342,338 shares of the company's stock were exchanged, compared to its average volume of 399,430. H. B. Fuller Company has a 12-month low of $47.56 and a 12-month high of $85.89. The firm has a 50 day moving average price of $58.69 and a two-hundred day moving average price of $56.87. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.15 and a current ratio of 1.87. The stock has a market cap of $3.18 billion, a P/E ratio of 31.84, a price-to-earnings-growth ratio of 0.98 and a beta of 1.13.

H. B. Fuller (NYSE:FUL - Get Free Report) last released its quarterly earnings results on Wednesday, June 25th. The specialty chemicals company reported $1.18 earnings per share for the quarter, topping analysts' consensus estimates of $1.10 by $0.08. H. B. Fuller had a return on equity of 11.50% and a net margin of 2.92%. The company had revenue of $898.10 million during the quarter, compared to analysts' expectations of $894.87 million. During the same quarter in the prior year, the firm posted $1.12 EPS. H. B. Fuller's quarterly revenue was down 2.1% compared to the same quarter last year. As a group, equities research analysts expect that H. B. Fuller Company will post 4.07 EPS for the current fiscal year.

H. B. Fuller Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, July 31st were paid a $0.235 dividend. The ex-dividend date was Thursday, July 31st. This represents a $0.94 dividend on an annualized basis and a yield of 1.6%. H. B. Fuller's dividend payout ratio (DPR) is currently 50.81%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Robert W. Baird increased their target price on shares of H. B. Fuller from $60.00 to $75.00 and gave the company an "outperform" rating in a research report on Friday, June 27th. Baird R W raised shares of H. B. Fuller from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 17th. Finally, JPMorgan Chase & Co. increased their price target on H. B. Fuller from $50.00 to $54.00 and gave the stock an "underweight" rating in a report on Friday, June 27th. One research 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 company. According to MarketBeat.com, H. B. Fuller has a consensus rating of "Hold" and an average target price of $67.25.

Institutional Trading of H. B. Fuller

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System increased its position in H. B. Fuller by 0.3% during the 2nd quarter. California State Teachers Retirement System now owns 50,486 shares of the specialty chemicals company's stock worth $3,037,000 after purchasing an additional 173 shares during the period. Teacher Retirement System of Texas lifted its stake in H. B. Fuller by 3.1% in the 2nd quarter. Teacher Retirement System of Texas now owns 8,232 shares of the specialty chemicals company's stock valued at $495,000 after buying an additional 246 shares in the last quarter. Cerity Partners LLC lifted its stake in shares of H. B. Fuller by 2.3% during the 2nd quarter. Cerity Partners LLC now owns 11,499 shares of the specialty chemicals company's stock worth $692,000 after purchasing an additional 261 shares during the period. Signaturefd LLC lifted its stake in shares of H. B. Fuller by 20.5% during the 2nd quarter. Signaturefd LLC now owns 1,743 shares of the specialty chemicals company's stock worth $105,000 after purchasing an additional 297 shares during the period. Finally, Corient Private Wealth LLC lifted its stake in shares of H. B. Fuller by 1.3% during the 2nd quarter. Corient Private Wealth LLC now owns 23,835 shares of the specialty chemicals company's stock worth $1,434,000 after purchasing an additional 303 shares during the period. 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.