H.B. Fuller (NYSE:FUL) EVP Sells $1,746,673.32 in Stock

H.B. Fuller (NYSE:FUL) EVP James J. East sold 22,316 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $78.27, for a total value of $1,746,673.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

H.B. Fuller Price Performance

Shares of NYSE FUL opened at $77.59 on Friday. The stock’s 50-day moving average is $78.53 and its two-hundred day moving average is $76.06. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.99 and a quick ratio of 1.23. H.B. Fuller has a 1-year low of $62.57 and a 1-year high of $84.31. The company has a market cap of $4.23 billion, a price-to-earnings ratio of 28.21, a price-to-earnings-growth ratio of 1.24 and a beta of 1.52.

H.B. Fuller (NYSE:FUL) last issued its quarterly earnings results on Wednesday, March 27th. The specialty chemicals company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.03. H.B. Fuller had a return on equity of 12.88% and a net margin of 4.39%. The company had revenue of $810.42 million for the quarter, compared to the consensus estimate of $823.04 million. During the same quarter in the prior year, the business earned $0.55 EPS. H.B. Fuller’s revenue was up .2% on a year-over-year basis. Analysts forecast that H.B. Fuller will post 4.32 EPS for the current fiscal year.

H.B. Fuller Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 21st. Shareholders of record on Wednesday, February 7th were issued a dividend of $0.205 per share. The ex-dividend date was Tuesday, February 6th. This represents a $0.82 annualized dividend and a yield of 1.06%. H.B. Fuller’s dividend payout ratio (DPR) is 29.82%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Kennedy Capital Management LLC increased its holdings in shares of H.B. Fuller by 19.3% in the 3rd quarter. Kennedy Capital Management LLC now owns 82,273 shares of the specialty chemicals company’s stock valued at $5,645,000 after acquiring an additional 13,328 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings in shares of H.B. Fuller by 11.0% in the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 66,857 shares of the specialty chemicals company’s stock valued at $4,587,000 after acquiring an additional 6,606 shares during the last quarter. Luminus Management LLC increased its holdings in shares of H.B. Fuller by 123.9% in the 3rd quarter. Luminus Management LLC now owns 410,351 shares of the specialty chemicals company’s stock valued at $28,154,000 after acquiring an additional 227,055 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of H.B. Fuller by 2.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 33,543 shares of the specialty chemicals company’s stock valued at $2,301,000 after acquiring an additional 728 shares during the last quarter. Finally, Wesbanco Bank Inc. increased its holdings in shares of H.B. Fuller by 90.2% in the 3rd quarter. Wesbanco Bank Inc. now owns 9,700 shares of the specialty chemicals company’s stock valued at $666,000 after acquiring an additional 4,600 shares during the last quarter. Hedge funds and other institutional investors own 95.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on FUL shares. Stifel Nicolaus boosted their price objective on H.B. Fuller from $110.00 to $115.00 and gave the company a “buy” rating in a report on Friday, January 19th. Robert W. Baird boosted their price objective on H.B. Fuller from $80.00 to $90.00 and gave the company a “neutral” rating in a report on Monday, April 1st. Vertical Research started coverage on H.B. Fuller in a report on Tuesday, March 19th. They issued a “buy” rating and a $88.00 price objective on the stock. Finally, StockNews.com upgraded H.B. Fuller from a “hold” rating to a “buy” rating in a report on Thursday, January 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, H.B. Fuller currently has an average rating of “Hold” and a consensus price target of $86.20.

About H.B. Fuller

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.