Nathan Weaver Sells 9,561 Shares of H. B. Fuller (NYSE:FUL) Stock

H. B. Fuller Company (NYSE:FUL) VP Nathan Weaver sold 9,561 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $62.06, for a total transaction of $593,355.66. Following the sale, the vice president directly owned 11,739 shares in the company, valued at $728,522.34. This trade represents a 44.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

H. B. Fuller Stock Performance

FUL stock traded down $0.87 during midday trading on Wednesday, hitting $61.16. 177,142 shares of the stock traded hands, compared to its average volume of 644,786. H. B. Fuller Company has a 1-year low of $48.71 and a 1-year high of $68.63. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.80 and a quick ratio of 1.12. The stock’s fifty day simple moving average is $59.33 and its 200-day simple moving average is $60.49. The firm has a market cap of $3.29 billion, a P/E ratio of 18.76, a PEG ratio of 0.66 and a beta of 0.98.

H. B. Fuller (NYSE:FUL) last posted its earnings results on Thursday, June 25th. The specialty chemicals company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.04. H. B. Fuller had a net margin of 5.29% and a return on equity of 12.18%. The business had revenue of $950.27 million for the quarter, compared to analyst estimates of $924.83 million. During the same period in the prior year, the company posted $1.18 EPS. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, analysts expect that H. B. Fuller Company will post 4.87 earnings per share for the current year.

H. B. Fuller Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th will be given a dividend of $0.245 per share. The ex-dividend date is Thursday, July 30th. This represents a $0.98 dividend on an annualized basis and a yield of 1.6%. H. B. Fuller’s dividend payout ratio is currently 30.06%.

Hedge Funds Weigh In On H. B. Fuller

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Allworth Financial LP boosted its stake in shares of H. B. Fuller by 50.1% in the fourth quarter. Allworth Financial LP now owns 578 shares of the specialty chemicals company’s stock worth $34,000 after acquiring an additional 193 shares during the last quarter. Hantz Financial Services Inc. raised its stake in H. B. Fuller by 432.9% in the 4th quarter. Hantz Financial Services Inc. now owns 778 shares of the specialty chemicals company’s stock valued at $46,000 after purchasing an additional 632 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in H. B. Fuller in the 4th quarter valued at $46,000. Torren Management LLC purchased a new position in H. B. Fuller in the 4th quarter valued at $52,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in H. B. Fuller during the 3rd quarter worth $56,000. Hedge funds and other institutional investors own 95.93% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Raymond James Financial set a $67.00 price objective on H. B. Fuller in a research report on Friday, June 26th. Citigroup lifted their price target on shares of H. B. Fuller from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. JPMorgan Chase & Co. raised shares of H. B. Fuller from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $58.00 to $67.00 in a report on Friday, June 26th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of H. B. Fuller from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. Finally, UBS Group set a $69.00 target price on shares of H. B. Fuller in a research report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $67.86.

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.