H.B. Fuller (NYSE:FUL - Get Free Report) CEO Celeste Beeks Mastin bought 3,500 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were bought at an average price of $56.66 per share, for a total transaction of $198,310.00. Following the completion of the acquisition, the chief executive officer now owns 3,500 shares of the company's stock, valued at approximately $198,310. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.
H.B. Fuller Trading Up 1.8 %
Shares of H.B. Fuller stock opened at $57.12 on Wednesday. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 24.73, a PEG ratio of 1.13 and a beta of 1.41. H.B. Fuller has a 1 year low of $52.59 and a 1 year high of $87.67. The company's fifty day simple moving average is $58.09 and its 200-day simple moving average is $68.28. The company has a current ratio of 1.81, a quick ratio of 1.16 and a debt-to-equity ratio of 1.10.
H.B. Fuller (NYSE:FUL - Get Free Report) last posted its quarterly earnings results on Wednesday, March 26th. The specialty chemicals company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.05. The company had revenue of $788.66 million for the quarter, compared to analyst estimates of $769.55 million. H.B. Fuller had a net margin of 3.65% and a return on equity of 12.01%. The business's quarterly revenue was down 2.7% on a year-over-year basis. During the same period last year, the business posted $0.67 EPS. As a group, sell-side analysts expect that H.B. Fuller will post 4.07 EPS for the current year.
H.B. Fuller Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were given a $0.2225 dividend. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 1.56%. H.B. Fuller's dividend payout ratio is currently 44.50%.
Institutional Trading of H.B. Fuller
Several institutional investors have recently modified their holdings of the company. Geode Capital Management LLC lifted its position in H.B. Fuller by 1.5% in the third quarter. Geode Capital Management LLC now owns 1,258,752 shares of the specialty chemicals company's stock worth $99,939,000 after purchasing an additional 18,734 shares during the period. Lord Abbett & CO. LLC lifted its holdings in shares of H.B. Fuller by 79.8% during the 3rd quarter. Lord Abbett & CO. LLC now owns 730,058 shares of the specialty chemicals company's stock worth $57,952,000 after acquiring an additional 324,056 shares during the period. Wesbanco Bank Inc. lifted its holdings in shares of H.B. Fuller by 41.2% during the 4th quarter. Wesbanco Bank Inc. now owns 13,700 shares of the specialty chemicals company's stock worth $924,000 after acquiring an additional 4,000 shares during the period. Bank of New York Mellon Corp boosted its position in shares of H.B. Fuller by 17.2% during the 4th quarter. Bank of New York Mellon Corp now owns 554,947 shares of the specialty chemicals company's stock valued at $37,448,000 after acquiring an additional 81,558 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in H.B. Fuller by 128.8% in the fourth quarter. Jones Financial Companies Lllp now owns 899 shares of the specialty chemicals company's stock valued at $61,000 after acquiring an additional 506 shares during the period. Institutional investors and hedge funds own 95.93% of the company's stock.
Analysts Set New Price Targets
A number of brokerages recently weighed in on FUL. Vertical Research downgraded H.B. Fuller from a "buy" rating to a "hold" rating in a research note on Monday, January 6th. Citigroup dropped their price target on shares of H.B. Fuller from $78.00 to $68.00 and set a "neutral" rating on the stock in a research report on Friday, January 3rd. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of H.B. Fuller from $75.00 to $72.00 and set a "buy" rating for the company in a report on Wednesday, January 22nd. JPMorgan Chase & Co. dropped their target price on shares of H.B. Fuller from $60.00 to $50.00 and set an "underweight" rating on the stock in a report on Friday, March 28th. Finally, Seaport Res Ptn cut shares of H.B. Fuller from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, H.B. Fuller currently has an average rating of "Hold" and a consensus price target of $63.33.
View Our Latest Research Report on FUL
H.B. Fuller Company Profile
(
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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