H.B. Fuller (NYSE:FUL - Get Free Report) VP Xinyu Du sold 240 shares of the company's stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $63.73, for a total transaction of $15,295.20. Following the transaction, the vice president now owns 2,323 shares of the company's stock, valued at approximately $148,044.79. This trade represents a 9.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
H.B. Fuller Price Performance
NYSE:FUL opened at $62.95 on Thursday. H.B. Fuller has a one year low of $60.96 and a one year high of $87.67. The stock has a market cap of $3.44 billion, a PE ratio of 27.25, a P/E/G ratio of 1.18 and a beta of 1.43. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.16 and a current ratio of 1.81. The stock has a 50 day moving average price of $68.77 and a 200 day moving average price of $75.93.
H.B. Fuller (NYSE:FUL - Get Free Report) last issued its earnings results on Wednesday, January 15th. The specialty chemicals company reported $0.92 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.00 by ($0.08). The company had revenue of $923.00 million during the quarter, compared to analyst estimates of $916.84 million. H.B. Fuller had a return on equity of 12.01% and a net margin of 3.65%. The firm's revenue was up 2.2% compared to the same quarter last year. During the same period last year, the business earned $1.32 earnings per share. Equities research analysts expect that H.B. Fuller will post 4.07 EPS for the current fiscal year.
H.B. Fuller Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th will be issued a $0.2225 dividend. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $0.89 annualized dividend and a yield of 1.41%. H.B. Fuller's payout ratio is 38.53%.
Analysts Set New Price Targets
Several research firms have commented on FUL. Citigroup cut their price objective on H.B. Fuller from $78.00 to $68.00 and set a "neutral" rating for the company in a research note on Friday, January 3rd. Deutsche Bank Aktiengesellschaft dropped their price target on H.B. Fuller from $75.00 to $72.00 and set a "buy" rating for the company in a research report on Wednesday, January 22nd. Vertical Research lowered H.B. Fuller from a "buy" rating to a "hold" rating in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. lowered their target price on shares of H.B. Fuller from $70.00 to $60.00 and set an "underweight" rating on the stock in a research note on Friday, January 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $75.60.
View Our Latest Research Report on FUL
Institutional Trading of H.B. Fuller
Hedge funds have recently made changes to their positions in the company. Wesbanco Bank Inc. lifted its holdings in H.B. Fuller by 41.2% in the fourth quarter. Wesbanco Bank Inc. now owns 13,700 shares of the specialty chemicals company's stock valued at $924,000 after acquiring an additional 4,000 shares during the last quarter. Lord Abbett & CO. LLC raised its position in H.B. Fuller by 79.8% in the third quarter. Lord Abbett & CO. LLC now owns 730,058 shares of the specialty chemicals company's stock valued at $57,952,000 after purchasing an additional 324,056 shares during the period. Geode Capital Management LLC lifted its stake in shares of H.B. Fuller by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,258,752 shares of the specialty chemicals company's stock valued at $99,939,000 after purchasing an additional 18,734 shares during the last quarter. Finally, S&CO Inc. grew its holdings in shares of H.B. Fuller by 0.3% during the 3rd quarter. S&CO Inc. now owns 267,192 shares of the specialty chemicals company's stock worth $21,209,000 after purchasing an additional 920 shares during the period. Hedge funds and other institutional investors own 95.93% of the company's stock.
About H.B. Fuller
(
Get Free Report)
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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