Celeste Beeks Mastin Purchases 5,170 Shares of H. B. Fuller (NYSE:FUL) Stock

H. B. Fuller Company (NYSE:FUL) CEO Celeste Beeks Mastin acquired 5,170 shares of the company’s stock in a transaction that occurred on Tuesday, April 7th. The shares were bought at an average cost of $57.08 per share, for a total transaction of $295,103.60. Following the acquisition, the chief executive officer directly owned 8,670 shares in the company, valued at $494,883.60. This represents a 147.71% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

H. B. Fuller Stock Performance

Shares of FUL opened at $62.73 on Thursday. The stock’s 50-day simple moving average is $61.14 and its 200 day simple moving average is $59.99. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of 20.70, a price-to-earnings-growth ratio of 0.80 and a beta of 1.05. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.15 and a current ratio of 1.92. H. B. Fuller Company has a 52-week low of $47.58 and a 52-week high of $68.63.

H. B. Fuller (NYSE:FUL) last issued its quarterly earnings data on Wednesday, March 25th. The specialty chemicals company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. The business had revenue of $770.84 million for the quarter, compared to analysts’ expectations of $787.77 million. H. B. Fuller had a return on equity of 11.84% and a net margin of 4.62%.The firm’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.54 EPS. Research analysts forecast that H. B. Fuller Company will post 4.07 EPS for the current fiscal year.

H. B. Fuller Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Thursday, February 5th were paid a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Thursday, February 5th. H. B. Fuller’s dividend payout ratio is currently 31.02%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of H. B. Fuller in a research note on Friday, January 16th. Vertical Research upgraded H. B. Fuller from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 27th. Wall Street Zen upgraded H. B. Fuller from a “hold” rating to a “buy” rating in a research note on Sunday, March 29th. Weiss Ratings restated a “hold (c)” rating on shares of H. B. Fuller in a research note on Monday, December 29th. Finally, UBS Group decreased their target price on H. B. Fuller from $66.00 to $63.00 and set a “neutral” rating on the stock in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $65.50.

Hedge Funds Weigh In On H. B. Fuller

Several institutional investors have recently modified their holdings of the company. Bayban bought a new position in shares of H. B. Fuller during the 4th quarter valued at about $156,000. Caitong International Asset Management Co. Ltd increased its position in shares of H. B. Fuller by 510.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,466 shares of the specialty chemicals company’s stock valued at $87,000 after purchasing an additional 1,226 shares during the last quarter. DGS Capital Management LLC bought a new position in shares of H. B. Fuller during the 4th quarter valued at about $204,000. Invesco Ltd. increased its position in shares of H. B. Fuller by 1.4% during the 4th quarter. Invesco Ltd. now owns 152,960 shares of the specialty chemicals company’s stock valued at $9,095,000 after purchasing an additional 2,042 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its position in shares of H. B. Fuller by 92.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,433 shares of the specialty chemicals company’s stock valued at $442,000 after purchasing an additional 3,575 shares during the last quarter. 95.93% of the stock is currently owned by institutional investors.

H. B. Fuller Company Profile

H. B. Fuller Company, founded in 1887 and headquartered in St. Paul, Minnesota, is a global adhesives and specialty chemical solutions provider serving a wide array of industries. The company develops, manufactures and markets adhesive technologies, sealants, polymers and related chemical products designed to enhance product performance, sustainability and manufacturing efficiency.

Fuller’s product portfolio spans multiple market segments, including packaging and converting, general industrial assembly, electronics, transportation, hygiene and construction.