H.B. Fuller (NYSE:FUL) CEO Celeste Beeks Mastin Acquires 3,500 Shares

H.B. Fuller (NYSE:FUL) CEO Celeste Beeks Mastin acquired 3,500 shares of the stock in a transaction on Tuesday, April 1st. The shares were acquired at an average price of $56.66 per share, with a total value of $198,310.00. Following the purchase, the chief executive officer now owns 3,500 shares in the company, valued at $198,310. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

H.B. Fuller Trading Up 1.8 %

Shares of FUL opened at $57.12 on Wednesday. H.B. Fuller has a 1-year low of $52.59 and a 1-year high of $87.67. The business’s 50-day moving average price is $58.09 and its 200 day moving average price is $68.28. The company has a current ratio of 1.81, a quick ratio of 1.16 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $3.10 billion, a P/E ratio of 24.73, a P/E/G ratio of 1.13 and a beta of 1.41.

H.B. Fuller (NYSE:FUL) last posted its quarterly earnings results on Wednesday, March 26th. The specialty chemicals company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.05. The firm had revenue of $788.66 million for the quarter, compared to analyst estimates of $769.55 million. H.B. Fuller had a return on equity of 12.01% and a net margin of 3.65%. H.B. Fuller’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.67 earnings per share. Analysts expect that H.B. Fuller will post 4.07 earnings per share for the current year.

H.B. Fuller Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were given a dividend of $0.2225 per share. This represents a $0.89 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend was Thursday, February 6th. H.B. Fuller’s payout ratio is presently 44.50%.

Institutional Investors Weigh In On H.B. Fuller

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp increased its stake in shares of H.B. Fuller by 128.8% in the fourth quarter. Jones Financial Companies Lllp now owns 899 shares of the specialty chemicals company’s stock worth $61,000 after acquiring an additional 506 shares during the last quarter. Sterling Capital Management LLC increased its position in H.B. Fuller by 731.1% in the 4th quarter. Sterling Capital Management LLC now owns 1,255 shares of the specialty chemicals company’s stock worth $85,000 after purchasing an additional 1,104 shares during the last quarter. Quantbot Technologies LP acquired a new position in H.B. Fuller in the 4th quarter worth about $266,000. New Age Alpha Advisors LLC purchased a new stake in shares of H.B. Fuller during the 4th quarter worth about $465,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of H.B. Fuller in the 4th quarter valued at approximately $783,000. Hedge funds and other institutional investors own 95.93% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on FUL shares. JPMorgan Chase & Co. decreased their price target on H.B. Fuller from $60.00 to $50.00 and set an “underweight” rating for the company in a research note on Friday, March 28th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of H.B. Fuller from $75.00 to $72.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Citigroup decreased their price objective on H.B. Fuller from $78.00 to $68.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. Vertical Research cut shares of H.B. Fuller from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Finally, Seaport Res Ptn cut H.B. Fuller from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, H.B. Fuller presently has a consensus rating of “Hold” and a consensus target price of $63.33.

H.B. Fuller Company Profile

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.