H. B. Fuller Company (NYSE:FUL) VP Dietrich J. Crail bought 970 shares of the stock in a transaction dated Wednesday, July 12th. The shares were acquired at an average price of $51.41 per share, with a total value of $49,867.70. Following the completion of the purchase, the vice president now directly owns 970 shares of the company’s stock, valued at $49,867.70. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
H. B. Fuller Company (NYSE FUL) traded up 0.33% during trading on Monday, reaching $51.60. The company had a trading volume of 102,583 shares. The stock has a market cap of $2.61 billion, a P/E ratio of 23.58 and a beta of 1.68. The firm has a 50-day moving average price of $51.67 and a 200 day moving average price of $50.57. H. B. Fuller Company has a 12-month low of $41.52 and a 12-month high of $54.32.
H. B. Fuller (NYSE:FUL) last posted its earnings results on Wednesday, June 28th. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.67 by $0.05. The business had revenue of $561.65 million during the quarter. H. B. Fuller had a net margin of 5.23% and a return on equity of 13.32%. During the same quarter in the prior year, the firm posted $0.67 earnings per share. Equities research analysts predict that H. B. Fuller Company will post $2.60 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 10th. Investors of record on Thursday, July 27th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, July 25th. This represents a $0.60 dividend on an annualized basis and a yield of 1.17%. H. B. Fuller’s payout ratio is currently 27.40%.
H. B. Fuller announced that its Board of Directors has authorized a stock buyback program on Thursday, April 6th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the specialty chemicals company to purchase up to 7.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.
Hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of H. B. Fuller by 10,635.2% in the first quarter. BlackRock Inc. now owns 6,217,806 shares of the specialty chemicals company’s stock valued at $320,590,000 after buying an additional 6,159,886 shares in the last quarter. Janus Capital Management LLC raised its position in shares of H. B. Fuller by 425.6% in the first quarter. Janus Capital Management LLC now owns 1,545,716 shares of the specialty chemicals company’s stock worth $79,697,000 after buying an additional 1,251,620 shares during the last quarter. Norges Bank bought a new position in shares of H. B. Fuller during the fourth quarter worth about $29,793,000. Champlain Investment Partners LLC raised its position in shares of H. B. Fuller by 53.9% in the first quarter. Champlain Investment Partners LLC now owns 1,664,330 shares of the specialty chemicals company’s stock worth $85,813,000 after buying an additional 582,945 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of H. B. Fuller by 7.5% in the first quarter. Vanguard Group Inc. now owns 5,055,505 shares of the specialty chemicals company’s stock worth $260,662,000 after buying an additional 351,478 shares during the last quarter. 93.49% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have recently weighed in on FUL shares. Zacks Investment Research upgraded H. B. Fuller from a “sell” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Monday, March 27th. Citigroup Inc. raised their target price on H. B. Fuller from $55.00 to $59.00 and gave the company a “buy” rating in a research note on Tuesday, April 4th. Finally, BidaskClub upgraded H. B. Fuller from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $52.40.
H. B. Fuller Company Profile
H.B. Fuller Company is a formulator, manufacturer and marketer of adhesives, sealants and other specialty chemical products. The Company’s segments include Americas Adhesives, Europe, India, Middle East and Africa (EIMEA), Asia Pacific, Construction Products and Engineering Adhesives. The Americas Adhesives, EIMEA and Asia Pacific operating segments produce and supply industrial adhesives products for applications in various markets, including durable assembly, nonwoven and hygiene, and textile.
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