H. B. Fuller Co. (NYSE:FUL) shares traded down 5.8% during trading on Thursday following a dissappointing earnings announcement. The stock traded as low as $44.70 and last traded at $45.27, with a volume of 502,395 shares traded. The stock had previously closed at $48.07.

The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by $0.03. H. B. Fuller had a net margin of 5.00% and a return on equity of 13.65%. During the same period in the prior year, the business posted $0.61 earnings per share.

Several analysts have issued reports on the company. Zacks Investment Research lowered H. B. Fuller from a “hold” rating to a “sell” rating in a research note on Monday, August 22nd. Deutsche Bank AG upped their price objective on H. B. Fuller from $47.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, June 24th.

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In other news, insider James Owens sold 55,048 shares of the stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $46.43, for a total transaction of $2,555,878.64. Following the transaction, the insider now owns 151,293 shares in the company, valued at $7,024,533.99. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Timothy J. Keenan sold 8,037 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $46.03, for a total value of $369,943.11. Following the transaction, the vice president now owns 22,142 shares in the company, valued at approximately $1,019,196.26. The disclosure for this sale can be found here. Insiders own 3.55% of the company’s stock.

Several institutional investors have recently made changes to their positions in FUL. Tower Research Capital LLC TRC raised its position in shares of H. B. Fuller by 1,963.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,682 shares of the company’s stock worth $118,000 after buying an additional 2,552 shares during the period. Huntington National Bank raised its position in shares of H. B. Fuller by 7,513.5% in the second quarter. Huntington National Bank now owns 2,817 shares of the company’s stock worth $124,000 after buying an additional 2,780 shares during the period. Envestnet Asset Management Inc. raised its position in shares of H. B. Fuller by 24.7% in the first quarter. Envestnet Asset Management Inc. now owns 3,185 shares of the company’s stock worth $135,000 after buying an additional 630 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of H. B. Fuller by 4.9% in the second quarter. Public Employees Retirement System of Ohio now owns 3,417 shares of the company’s stock worth $150,000 after buying an additional 159 shares during the period. Finally, Panagora Asset Management Inc. raised its position in shares of H. B. Fuller by 385.0% in the second quarter. Panagora Asset Management Inc. now owns 4,850 shares of the company’s stock worth $213,000 after buying an additional 3,850 shares during the period. Institutional investors own 89.00% of the company’s stock.

The stock has a market cap of $2.29 billion, a P/E ratio of 22.4215 and a beta of 1.75. The firm has a 50-day moving average price of $46.99 and a 200 day moving average price of $44.99.

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.

5 Day Chart for NYSE:FUL

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