H. B. Fuller (NYSE:FUL) Stock: Insider Muhammad Shahbaz Malik Purchases 479 Shares

H. B. Fuller Company (NYSE:FUL) VP Muhammad Malik purchased 479 shares of H. B. Fuller stock in a transaction that occurred on Friday, October 16th. The stock was acquired at an average cost of $52.23 per share, with a total value of $25,018.17. Following the acquisition, the vice president directly owned 14,176 shares in the company, valued at $740,412.48. This trade represents a 3.50% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

H. B. Fuller Stock Performance

Shares of FUL stock opened at $50.59 on Wednesday. The company has a market capitalization of $2.72 billion, a P/E ratio of 14.09, a P/E/G ratio of 0.63 and a beta of 0.99. The business’s 50 day moving average is $53.27 and its two-hundred day moving average is $57.72. 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 12-month low of $46.70 and a 12-month high of $68.63.

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

H. B. Fuller Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Thursday, October 15th will be paid a $0.2450 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.98 dividend on an annualized basis and a yield of 1.9%. H. B. Fuller’s dividend payout ratio (DPR) is currently 27.30%.

Hedge Funds Weigh In On H. B. Fuller

A number of hedge funds have recently made changes to their positions in FUL. Royal Bank of Canada boosted its stake in shares of H. B. Fuller by 2,694.7% in the first quarter. Royal Bank of Canada now owns 675,765 shares of the specialty chemicals company’s stock worth $41,681,000 after acquiring an additional 651,585 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of H. B. Fuller during the second quarter worth approximately $29,611,000. S&CO Inc. purchased a new stake in shares of H. B. Fuller during the second quarter worth approximately $14,093,000. Bank of America Corp DE raised its stake in H. B. Fuller by 36.3% in the 1st quarter. Bank of America Corp DE now owns 513,163 shares of the specialty chemicals company’s stock valued at $31,652,000 after purchasing an additional 136,666 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in 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 valued at $160,854,000 after purchasing an additional 132,558 shares during the last quarter. Institutional investors and hedge funds own 95.93% of the company’s stock.

H. B. Fuller News Summary

Here are the key news stories impacting H. B. Fuller this week:

• Positive Sentiment: Vice President Muhammad Shahbaz Malik purchased 479 shares at an average price of $52.23, investing approximately $25,018 and increasing his direct ownership by 3.5% to 14,176 shares. The purchase may signal management confidence in H. B. Fuller’s valuation and outlook. Insider Buying: H. B. Fuller VP Buys Stock
• Neutral Sentiment: The board unanimously rejected Ancora’s second unsolicited, nonbinding offer for the Building Adhesive Solutions segment. H. B. Fuller said Ancora’s revised cash proposal, reported at roughly $1.2 billion to $1.4 billion, undervalued the business. The company plans to evaluate potential sales of noncore assets, which could eventually unlock value but does not provide an immediate transaction catalyst. H.B. Fuller Board Rejects Ancora Proposal
• Negative Sentiment: Rejecting Ancora’s offer removes the near-term possibility of a cash realization from the adhesives business and may disappoint investors seeking a breakup or activist-driven value creation. The decision also leaves uncertainty over whether H. B. Fuller can secure a higher-value sale or pursue another strategic alternative. H.B. Fuller Rejects Ancora’s Latest Bid

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FUL. Citigroup cut their price target 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. Weiss Ratings downgraded shares of H. B. Fuller from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, September 14th. JPMorgan Chase & Co. decreased their price objective on shares of H. B. Fuller from $67.00 to $66.00 and set an “overweight” rating on the stock in a report on Monday, September 28th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of H. B. Fuller from $72.00 to $62.00 and set a “buy” rating on the stock in a research report on Tuesday, September 29th. Finally, Zacks Research lowered shares of H. B. Fuller from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $64.62.

H. B. Fuller Company Profile

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.