H. B. Fuller (NYSE:FUL) VP Nathan Weaver Sells 1,200 Shares of Stock

H. B. Fuller Company (NYSE:FUL) VP Nathan Weaver sold 1,200 shares of the company’s stock in a transaction on Wednesday, November 11th. The shares were sold at an average price of $50.42, for a total value of $60,504.00. Following the completion of the transaction, the vice president directly owned 10,736 shares in the company, valued at approximately $541,309.12. This trade represents a 10.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

H. B. Fuller Stock Performance

NYSE FUL opened at $49.52 on Friday. The stock has a market cap of $2.67 billion, a PE ratio of 13.79, a P/E/G ratio of 0.62 and a beta of 0.97. The company has a current ratio of 1.82, a quick ratio of 1.10 and a debt-to-equity ratio of 0.95. H. B. Fuller Company has a twelve month low of $46.70 and a twelve month high of $68.63. The stock has a fifty day simple moving average of $50.60 and a 200-day simple moving average of $57.82.

H. B. Fuller (NYSE:FUL) last issued its quarterly earnings data on Thursday, September 24th. The specialty chemicals company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.05. H. B. Fuller had a net margin of 5.56% and a return on equity of 12.65%. The firm had revenue of $938.17 million for the quarter, compared to analyst estimates of $945.59 million. During the same period in the previous year, the firm earned $1.26 EPS. H. B. Fuller’s revenue was up 5.2% on a year-over-year basis. Equities analysts anticipate that H. B. Fuller Company will post 4.88 earnings per share for the current year.

H. B. Fuller Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 29th. Shareholders of record on Thursday, October 15th were given a dividend of $0.2450 per share. The ex-dividend date was Thursday, October 15th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 2.0%. H. B. Fuller’s dividend payout ratio (DPR) is currently 27.30%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Deutsche Bank decreased their price objective on shares of H. B. Fuller from $72.00 to $62.00 and set a “buy” rating on the stock in a report on Tuesday, September 29th. Zacks Research downgraded shares of H. B. Fuller from a “strong-buy” rating to a “hold” rating in a report on Friday, September 18th. Citigroup dropped their target price on shares of H. B. Fuller from $75.00 to $63.00 and set a “buy” rating for the company in a report on Monday, September 28th. UBS Group decreased their price target on H. B. Fuller from $69.00 to $55.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 21st. Finally, JPMorgan Chase & Co. lowered their price target on H. B. Fuller from $67.00 to $66.00 and set an “overweight” rating for the company in a research report on Monday, September 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $62.88.

Institutional Trading of H. B. Fuller

Several hedge funds have recently made changes to their positions in FUL. Gamco Investors INC. ET AL boosted its stake in shares of H. B. Fuller by 0.7% in the third quarter. Gamco Investors INC. ET AL now owns 384,937 shares of the specialty chemicals company’s stock valued at $19,043,000 after purchasing an additional 2,600 shares during the period. Covestor Ltd increased its stake in H. B. Fuller by 38.3% during the 3rd quarter. Covestor Ltd now owns 917 shares of the specialty chemicals company’s stock worth $45,000 after buying an additional 254 shares during the period. Nisa Investment Advisors LLC increased its stake in H. B. Fuller by 1.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 25,381 shares of the specialty chemicals company’s stock worth $1,256,000 after buying an additional 313 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in H. B. Fuller during the 2nd quarter worth approximately $86,000. Finally, Bank of New York Mellon Corp purchased a new stake in H. B. Fuller during the 2nd quarter worth approximately $29,611,000. Institutional investors and hedge funds own 95.93% of the company’s stock.

H. B. Fuller Company Profile

H.B. Fuller Company is a global specialty chemicals company focused on developing and manufacturing adhesives, sealants and other specialty products. Its solutions are used in applications including packaging, disposable hygiene products, construction, electronics, transportation and consumer goods. The company serves customers across the Americas, Europe, the Middle East and Africa, and Asia Pacific, supplying products for both industrial and consumer-facing applications. Founded in 1887 in St. Paul, Minnesota, H.B. Fuller has grown from a regional business into an international manufacturer.