H. B. Fuller (NYSE:FUL) VP Purchases $25,018.17 in Stock

H. B. Fuller Company (NYSE:FUL) VP Muhammad Malik acquired 479 shares of the firm’s stock in a transaction dated Friday, October 16th. The stock was bought at an average price of $52.23 per share, for a total transaction of $25,018.17. Following the acquisition, the vice president owned 14,176 shares of the company’s stock, valued at approximately $740,412.48. This trade represents a 3.50% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

H. B. Fuller Trading Up 0.2%

NYSE FUL opened at $50.67 on Thursday. H. B. Fuller Company has a 1-year low of $46.70 and a 1-year high of $68.63. The company has a current ratio of 1.82, a quick ratio of 1.10 and a debt-to-equity ratio of 0.95. The stock has a 50-day moving average of $53.08 and a 200-day moving average of $57.65. The firm has a market cap of $2.73 billion, a PE ratio of 14.11, a price-to-earnings-growth ratio of 0.62 and a beta of 0.99.

H. B. Fuller (NYSE:FUL) last issued its earnings results on Thursday, September 24th. The specialty chemicals company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.05. H. B. Fuller had a return on equity of 12.65% and a net margin of 5.56%. The company had revenue of $938.17 million during the quarter, compared to analysts’ expectations of $945.59 million. During the same period in the prior year, the business posted $1.26 EPS. H. B. Fuller’s quarterly revenue was up 5.2% compared to the same quarter last year. As a group, sell-side analysts forecast that H. B. Fuller Company will post 4.88 EPS for the current year.

H. B. Fuller Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Thursday, October 15th will be given a $0.2450 dividend. The ex-dividend date is Thursday, October 15th. This represents a $0.98 annualized dividend and a yield of 1.9%. H. B. Fuller’s payout ratio is presently 27.30%.

Analyst Upgrades and Downgrades

FUL has been the topic of several recent analyst reports. The Goldman Sachs Group set a $67.00 target price on shares of H. B. Fuller in a report on Friday, June 26th. UBS Group decreased their target price on shares of H. B. Fuller from $69.00 to $55.00 and set a “neutral” rating on the stock in a research note on Wednesday. Raymond James Financial set a $67.00 price target on shares of H. B. Fuller in a report on Friday, June 26th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of H. B. Fuller from $72.00 to $62.00 and set a “buy” rating for the company in a research report on Tuesday, September 29th. Finally, Weiss Ratings cut shares of H. B. Fuller from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, September 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, H. B. Fuller has a consensus rating of “Moderate Buy” and an average price target of $62.88.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FUL. Dimensional Fund Advisors LP grew its position in shares of H. B. Fuller by 5.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,608,006 shares of the specialty chemicals company’s stock worth $160,854,000 after buying an additional 132,558 shares during the last quarter. Royal Bank of Canada increased its stake in shares of H. B. Fuller by 2,694.7% during the first quarter. Royal Bank of Canada now owns 675,765 shares of the specialty chemicals company’s stock valued at $41,681,000 after buying an additional 651,585 shares during the period. Bank of America Corp DE increased its stake in shares of H. B. Fuller by 36.3% during the first quarter. Bank of America Corp DE now owns 513,163 shares of the specialty chemicals company’s stock valued at $31,652,000 after buying an additional 136,666 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of H. B. Fuller during the second quarter valued at approximately $29,611,000. Finally, Gamco Investors INC. ET AL raised its holdings in shares of H. B. Fuller by 0.9% during the first quarter. Gamco Investors INC. ET AL now owns 391,252 shares of the specialty chemicals company’s stock valued at $24,132,000 after acquiring an additional 3,522 shares in the last quarter. Hedge funds and other institutional investors own 95.93% of the company’s stock.

About H. B. Fuller

H.B. Fuller Company (NYSE:FUL) develops and manufactures specialty adhesives, sealants and other engineered bonding solutions. Its products are used to assemble, protect, package and improve the performance of products across a wide range of industries, including construction, transportation, electronics, consumer goods, packaging and hygiene.

The company offers technologies such as hot-melt, water-based, reactive and pressure-sensitive adhesives, as well as sealants, coatings and related materials.