H.B. Fuller (NYSE:FUL) CEO James Owens Sells 79,061 Shares

H.B. Fuller (NYSE:FULGet Rating) CEO James Owens sold 79,061 shares of H.B. Fuller stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $71.07, for a total transaction of $5,618,865.27. Following the transaction, the chief executive officer now directly owns 163,703 shares in the company, valued at $11,634,372.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

James Owens also recently made the following trade(s):

  • On Tuesday, October 18th, James Owens sold 20,777 shares of H.B. Fuller stock. The shares were sold at an average price of $67.53, for a total transaction of $1,403,070.81.

H.B. Fuller Price Performance

NYSE FUL opened at $72.89 on Wednesday. The firm’s fifty day simple moving average is $64.82 and its two-hundred day simple moving average is $65.20. The company has a current ratio of 1.93, a quick ratio of 1.18 and a debt-to-equity ratio of 1.19. H.B. Fuller has a 12-month low of $57.36 and a 12-month high of $81.73. The firm has a market capitalization of $3.89 billion, a P/E ratio of 20.42 and a beta of 1.51.

H.B. Fuller (NYSE:FULGet Rating) last released its quarterly earnings results on Wednesday, September 21st. The specialty chemicals company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.01. H.B. Fuller had a net margin of 5.33% and a return on equity of 13.89%. The business had revenue of $941.20 million for the quarter, compared to analyst estimates of $944.11 million. During the same period in the previous year, the company earned $0.79 earnings per share. The business’s revenue for the quarter was up 13.8% on a year-over-year basis. Analysts forecast that H.B. Fuller will post 4.2 EPS for the current fiscal year.

H.B. Fuller Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 3rd. Stockholders of record on Thursday, October 20th were paid a dividend of $0.19 per share. The ex-dividend date was Wednesday, October 19th. This represents a $0.76 annualized dividend and a dividend yield of 1.04%. H.B. Fuller’s payout ratio is currently 21.29%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of H.B. Fuller in a report on Wednesday, October 12th. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $71.00.

Institutional Investors Weigh In On H.B. Fuller

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Cooke & Bieler LP lifted its stake in shares of H.B. Fuller by 12.2% during the first quarter. Cooke & Bieler LP now owns 791,093 shares of the specialty chemicals company’s stock worth $52,268,000 after buying an additional 86,025 shares during the period. Luminus Management LLC lifted its stake in shares of H.B. Fuller by 109.8% during the second quarter. Luminus Management LLC now owns 107,827 shares of the specialty chemicals company’s stock worth $6,492,000 after buying an additional 56,427 shares during the period. UBS Asset Management Americas Inc. lifted its stake in shares of H.B. Fuller by 4.9% during the second quarter. UBS Asset Management Americas Inc. now owns 66,538 shares of the specialty chemicals company’s stock worth $4,006,000 after buying an additional 3,081 shares during the period. Dorsey & Whitney Trust CO LLC lifted its stake in shares of H.B. Fuller by 1.8% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 60,092 shares of the specialty chemicals company’s stock worth $3,618,000 after buying an additional 1,090 shares during the period. Finally, New York State Common Retirement Fund lifted its stake in shares of H.B. Fuller by 1.6% during the third quarter. New York State Common Retirement Fund now owns 54,308 shares of the specialty chemicals company’s stock worth $3,264,000 after buying an additional 856 shares during the period. 96.38% of the stock is currently owned by institutional investors and hedge funds.

H.B. Fuller Company Profile

(Get Rating)

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products worldwide. The company operates through three segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Construction Adhesives.

Further Reading

Insider Buying and Selling by Quarter for H.B. Fuller (NYSE:FUL)

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