H. B. Fuller (NYSE:FUL) VP Purchases $25,018.17 in Stock

H. B. Fuller Company (NYSE:FUL) VP Muhammad Malik purchased 479 shares of the company’s stock in a transaction dated Friday, October 16th. The shares were purchased at an average cost of $52.23 per share, for a total transaction of $25,018.17. Following the transaction, the vice president directly owned 14,176 shares in the company, valued at approximately $740,412.48. This represents a 3.50% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

H. B. Fuller Stock Down 0.4%

Shares of H. B. Fuller stock traded down $0.19 during trading on Monday, hitting $51.13. 87,835 shares of the stock traded hands, compared to its average volume of 681,918. The firm has a market cap of $2.75 billion, a P/E ratio of 14.22, a price-to-earnings-growth ratio of 0.63 and a beta of 0.99. The company has a current ratio of 1.82, a quick ratio of 1.10 and a debt-to-equity ratio of 0.95. H. B. Fuller Company has a 52-week low of $46.70 and a 52-week high of $68.63. The stock’s fifty day simple moving average is $53.71 and its 200 day simple moving average is $57.88.

H. B. Fuller (NYSE:FUL) last released its quarterly earnings data on Thursday, September 24th. The specialty chemicals company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.05. H. B. Fuller had a return on equity of 12.65% and a net margin of 5.56%. The firm had revenue of $938.17 million during the quarter, compared to the consensus estimate of $945.59 million. During the same period in the previous year, the company posted $1.26 earnings per share. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. On average, equities analysts predict 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 will be paid on Thursday, October 29th. Stockholders of record on Thursday, October 15th will be issued a $0.2450 dividend. The ex-dividend date is Thursday, October 15th. This represents a $0.98 annualized dividend and a dividend yield of 1.9%. H. B. Fuller’s payout ratio is currently 27.30%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in shares of H. B. Fuller by 5.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,608,006 shares of the specialty chemicals company’s stock worth $160,854,000 after acquiring an additional 132,558 shares in the last quarter. Royal Bank of Canada lifted its position in H. B. Fuller by 2,694.7% during the first quarter. Royal Bank of Canada now owns 675,765 shares of the specialty chemicals company’s stock valued at $41,681,000 after acquiring an additional 651,585 shares during the last quarter. Bank of America Corp DE lifted its position in H. B. Fuller by 36.3% during the first quarter. Bank of America Corp DE now owns 513,163 shares of the specialty chemicals company’s stock valued at $31,652,000 after acquiring an additional 136,666 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in H. B. Fuller in the second quarter valued at approximately $29,611,000. Finally, Gamco Investors INC. ET AL boosted its stake in H. B. Fuller by 0.9% in the first quarter. Gamco Investors INC. ET AL now owns 391,252 shares of the specialty chemicals company’s stock valued at $24,132,000 after acquiring an additional 3,522 shares in the last quarter. Hedge funds and other institutional investors own 95.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on FUL. The Goldman Sachs Group set a $67.00 price objective on shares of H. B. Fuller in a research note on Friday, June 26th. Robert W. Baird dropped their target price on H. B. Fuller from $75.00 to $65.00 and set an “outperform” rating on the stock in a research report on Friday, September 25th. Weiss Ratings cut H. B. Fuller from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, September 14th. JPMorgan Chase & Co. cut their price target on H. B. Fuller from $67.00 to $66.00 and set an “overweight” rating on the stock in a report on Monday, September 28th. Finally, Zacks Research lowered H. B. Fuller from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $64.62.

H. B. Fuller Company Profile

H.B. Fuller Company is a global manufacturer of adhesives, sealants and specialty chemical products. Its solutions are used to bond, seal, protect and assemble materials in commercial and industrial applications, including packaging, hygiene products, construction, transportation, electronics and durable goods.

The company offers products such as hot-melt, water-based and reactive adhesives, construction adhesives, sealants, coatings and specialty formulations. H.B. Fuller serves manufacturers, contractors and other commercial customers that require bonding and sealing solutions for products, components and building materials.

Founded in 1887 by Harvey Benjamin Fuller, the company has grown from a regional adhesive producer into an international supplier serving customers across North America, Europe, Asia-Pacific and Latin America.