H. B. Fuller Co. (FUL) Announces Earnings Results
H. B. Fuller Co. (NYSE:FUL) announced its quarterly earnings results on Wednesday. The company reported $0.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.67 by $0.03. H. B. Fuller had a return on equity of 13.65% and a net margin of 5.00%.
H. B. Fuller (NYSE:FUL) traded up 1.16% during trading on Wednesday, reaching $48.07. 270,932 shares of the company’s stock traded hands. H. B. Fuller has a one year low of $30.72 and a one year high of $48.83. The stock has a market cap of $2.42 billion, a P/E ratio of 23.68 and a beta of 1.75. The firm’s 50 day moving average price is $46.93 and its 200-day moving average price is $44.97.
A number of analysts recently issued reports on FUL shares. Zacks Investment Research downgraded shares of H. B. Fuller from a “hold” rating to a “sell” rating in a report on Monday, August 22nd. Deutsche Bank AG increased their price objective on shares of H. B. Fuller from $47.00 to $50.00 and gave the company a “hold” rating in a report on Friday, June 24th.
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In other H. B. Fuller news, VP Timothy J. Keenan sold 8,037 shares of the business’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $46.03, for a total value of $369,943.11. Following the transaction, the vice president now directly owns 22,142 shares of the company’s stock, valued at approximately $1,019,196.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider James Owens sold 55,048 shares of the business’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $46.43, for a total transaction of $2,555,878.64. Following the completion of the transaction, the insider now directly owns 151,293 shares in the company, valued at $7,024,533.99. The disclosure for this sale can be found here. 3.55% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in FUL. BlackRock Fund Advisors boosted its position in shares of H. B. Fuller by 3.4% in the second quarter. BlackRock Fund Advisors now owns 3,331,107 shares of the company’s stock valued at $146,535,000 after buying an additional 109,588 shares in the last quarter. Adage Capital Partners GP L.L.C. purchased a new position in shares of H. B. Fuller during the second quarter valued at about $4,399,000. TIAA CREF Investment Management LLC boosted its position in shares of H. B. Fuller by 17.0% in the second quarter. TIAA CREF Investment Management LLC now owns 266,792 shares of the company’s stock valued at $11,736,000 after buying an additional 38,813 shares in the last quarter. AHL Partners LLP boosted its position in shares of H. B. Fuller by 248.9% in the second quarter. AHL Partners LLP now owns 52,731 shares of the company’s stock valued at $2,320,000 after buying an additional 37,617 shares in the last quarter. Finally, Allianz Asset Management AG purchased a new position in shares of H. B. Fuller during the second quarter valued at about $1,207,000. 89.00% of the stock is currently owned by institutional investors.
About H. B. Fuller
H.B. Fuller Company is a formulator, manufacturer and marketer of adhesives, sealants and other specialty chemical products. The Company’s segments include Americas Adhesives; Europe, India, Middle East and Africa (EIMEA); Asia Pacific, and Construction Products. The Americas Adhesives segment includes a range of specialty adhesives, such as thermoplastic, thermoset, reactive, and water-based and solvent-based products.
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