Insider Selling: H. B. Fuller (NYSE:FUL) VP Sells 1,200 Shares of Stock

H. B. Fuller Company (NYSE:FUL) VP Nathan Weaver sold 1,200 shares of H. B. Fuller stock in a transaction dated Wednesday, November 11th. The stock was sold at an average price of $50.42, for a total value of $60,504.00. Following the completion of the transaction, the vice president owned 10,736 shares in the company, valued at $541,309.12. The trade was a 10.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

H. B. Fuller Stock Performance

Shares of NYSE FUL traded down $0.33 during trading hours on Thursday, hitting $50.33. 115,253 shares of the company’s stock were exchanged, compared to its average volume of 675,592. The company’s 50-day moving average price is $50.69 and its 200-day moving average price is $57.88. H. B. Fuller Company has a 1-year low of $46.70 and a 1-year high of $68.63. The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of 14.05, a PEG ratio of 0.63 and a beta of 0.97. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.82 and a quick ratio of 1.10.

H. B. Fuller (NYSE:FUL) last released its earnings results on Thursday, September 24th. The specialty chemicals company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.05. The firm had revenue of $938.17 million for the quarter, compared to analyst estimates of $945.59 million. H. B. Fuller had a return on equity of 12.65% and a net margin of 5.56%. The company’s revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.26 EPS. On average, sell-side analysts expect that H. B. Fuller Company will post 4.88 earnings per share for the current fiscal year.

H. B. Fuller Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 29th. Stockholders of record on Thursday, October 15th were issued a dividend of $0.2450 per share. The ex-dividend date was Thursday, October 15th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.9%. H. B. Fuller’s payout ratio is 27.30%.

Analysts Set New Price Targets

Several research firms have recently weighed in on FUL. Zacks Research cut H. B. Fuller from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 18th. Deutsche Bank dropped their target price on shares of H. B. Fuller from $72.00 to $62.00 and set a “buy” rating on the stock in a research report on Tuesday, September 29th. UBS Group cut their target price on shares of H. B. Fuller from $69.00 to $55.00 and set a “neutral” rating for the company in a research note on Wednesday, October 21st. Robert W. Baird reduced their price target on shares of H. B. Fuller from $75.00 to $65.00 and set an “outperform” rating for the company in a report on Friday, September 25th. Finally, Weiss Ratings lowered shares of H. B. Fuller from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, September 14th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $62.88.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Covestor Ltd lifted its holdings in shares of H. B. Fuller by 38.3% during the third quarter. Covestor Ltd now owns 917 shares of the specialty chemicals company’s stock valued at $45,000 after acquiring an additional 254 shares during the period. Parallel Advisors LLC grew its holdings in shares of H. B. Fuller by 85.6% in the 1st quarter. Parallel Advisors LLC now owns 1,034 shares of the specialty chemicals company’s stock worth $64,000 after purchasing an additional 477 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of H. B. Fuller in the 2nd quarter worth about $86,000. Glenmede Trust Co. NA acquired a new stake in shares of H. B. Fuller during the 1st quarter worth about $240,000. Finally, Amundi increased its position in shares of H. B. Fuller by 23.1% during the 1st quarter. Amundi now owns 12,024 shares of the specialty chemicals company’s stock worth $742,000 after purchasing an additional 2,253 shares in the last quarter. 95.93% of the stock is currently owned by institutional investors and hedge funds.

About H. B. Fuller

H.B. Fuller Company is a global specialty chemicals company focused on developing and manufacturing adhesives, sealants and other specialty products. Its solutions are used in applications including packaging, disposable hygiene products, construction, electronics, transportation and consumer goods. The company serves customers across the Americas, Europe, the Middle East and Africa, and Asia Pacific, supplying products for both industrial and consumer-facing applications. Founded in 1887 in St. Paul, Minnesota, H.B. Fuller has grown from a regional business into an international manufacturer.