Insider Selling: H.B. Fuller CEO Unloads 1,800 Shares of Stock (FUL)
H.B. Fuller (NYSE:FUL) CEO James Owens unloaded 1,800 shares of H.B. Fuller stock on the open market in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $47.34, for a total transaction of $85,212.00. Following the completion of the transaction, the chief executive officer now directly owns 166,616 shares of the company’s stock, valued at approximately $7,887,601. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
H.B. Fuller (NYSE:FUL) traded down 1.36% on Wednesday, hitting $47.03. 186,581 shares of the company’s stock traded hands. H.B. Fuller has a one year low of $38.24 and a one year high of $53.31. The stock’s 50-day moving average is $45.89 and its 200-day moving average is $47.34. The company has a market cap of $2.351 billion and a P/E ratio of 28.48.
H.B. Fuller (NYSE:FUL) last released its earnings data on Wednesday, June 25th. The company reported $0.78 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.78. The company had revenue of $544.00 million for the quarter, compared to the consensus estimate of $545.18 million. During the same quarter in the previous year, the company posted $0.67 earnings per share. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. Analysts expect that H.B. Fuller will post $2.89 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of H.B. Fuller in a research note on Friday, June 27th. They now have a $49.00 price target on the stock, up previously from $46.00. Analysts at Deutsche Bank upgraded shares of H.B. Fuller from a “hold” rating to a “buy” rating in a research note on Friday, June 27th. They now have a $54.00 price target on the stock.
H.B. Fuller Company is formulator, manufacturer and marketer of adhesives, sealants and other specialty chemical products.
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