H. B. Fuller (NYSE:FUL) Stock: Insider Muhammad Shahbaz Malik Buys 479 Shares

H. B. Fuller Company (NYSE:FUL) VP Muhammad Malik purchased 479 shares of the business’s stock in a transaction on Friday, October 16th. The shares were purchased at an average price of $52.23 per share, with a total value of $25,018.17. Following the acquisition, the vice president directly owned 14,176 shares in the company, valued at $740,412.48. This represents a 3.50% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

H. B. Fuller Price Performance

NYSE:FUL traded down $0.19 during trading hours on Monday, reaching $51.13. The stock had a trading volume of 87,835 shares, compared to its average volume of 681,918. The stock has a market capitalization of $2.75 billion, a PE ratio of 14.22, a PEG ratio of 0.63 and a beta of 0.99. H. B. Fuller Company has a 52 week low of $46.70 and a 52 week high of $68.63. The company has a 50 day moving average price of $53.71 and a two-hundred day moving average price of $57.88. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.10 and a current ratio of 1.82.

H. B. Fuller (NYSE:FUL) last posted its earnings results on Thursday, September 24th. The specialty chemicals company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates 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 prior year, the company earned $1.26 EPS. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that H. B. Fuller Company will post 4.88 earnings per share for the current fiscal year.

H. B. Fuller Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Thursday, October 15th will be given a dividend of $0.2450 per share. The ex-dividend date is Thursday, October 15th. This represents a $0.98 annualized dividend and a yield of 1.9%. H. B. Fuller’s dividend payout ratio (DPR) is 27.30%.

Institutional Trading of H. B. Fuller

A number of large investors have recently made changes to their positions in the stock. S&CO Inc. purchased a new position in shares of H. B. Fuller during the second quarter worth approximately $14,093,000. Bank of America Corp DE raised its stake in shares of 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 in the last quarter. Royal Bank of Canada boosted its holdings in shares of H. B. Fuller by 2,694.7% in 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 purchasing an additional 651,585 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of H. B. Fuller by 22.0% in the first quarter. Principal Financial Group Inc. now owns 314,690 shares of the specialty chemicals company’s stock valued at $19,410,000 after purchasing an additional 56,752 shares during the period. Finally, SG Americas Securities LLC grew its stake in H. B. Fuller by 62.6% in the first quarter. SG Americas Securities LLC now owns 107,901 shares of the specialty chemicals company’s stock worth $6,655,000 after purchasing an additional 41,558 shares in the last quarter. 95.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on FUL shares. JPMorgan Chase & Co. reduced their target price on shares of H. B. Fuller from $67.00 to $66.00 and set an “overweight” rating on the stock in a report on Monday, September 28th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of H. B. Fuller from $72.00 to $62.00 and set a “buy” rating for the company in a report on Tuesday, September 29th. UBS Group set a $69.00 price target on H. B. Fuller in a research report on Friday, June 26th. Citigroup reduced their price objective on H. B. Fuller from $75.00 to $63.00 and set a “buy” rating on the stock in a research note on Monday, September 28th. Finally, Raymond James Financial set a $67.00 price objective on H. B. Fuller in a research report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned 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 an average 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.