Insider Selling: H. B. Fuller Co. (FUL) VP Sells 25,000 Shares of Stock
H. B. Fuller Co. (NYSE:FUL) VP James R. Giertz sold 25,000 shares of the stock in a transaction on Thursday, October 6th. The stock was sold at an average price of $46.37, for a total value of $1,159,250.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
H. B. Fuller Co. (NYSE:FUL) opened at 45.50 on Friday. The company has a 50-day moving average price of $46.77 and a 200 day moving average price of $45.44. H. B. Fuller Co. has a 12-month low of $32.49 and a 12-month high of $48.83. The company has a market cap of $2.29 billion, a PE ratio of 21.16 and a beta of 1.69.
H. B. Fuller (NYSE:FUL) last announced its quarterly earnings data on Wednesday, September 21st. The company reported $0.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by $0.03. H. B. Fuller had a net margin of 5.32% and a return on equity of 13.66%. During the same period last year, the firm earned $0.61 earnings per share. On average, analysts forecast that H. B. Fuller Co. will post $2.48 EPS for the current fiscal year.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/08/insider-selling-h-b-fuller-co-ful-vp-sells-25000-shares-of-stock-2.html
A number of institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its position in shares of H. B. Fuller by 268.6% in the first quarter. Goldman Sachs Group Inc. now owns 414,955 shares of the company’s stock valued at $17,615,000 after buying an additional 302,369 shares in the last quarter. Vanguard Group Inc. boosted its position in H. B. Fuller by 3.4% in the second quarter. Vanguard Group Inc. now owns 4,400,040 shares of the company’s stock worth $193,558,000 after buying an additional 145,591 shares during the period. Dimensional Fund Advisors LP boosted its position in H. B. Fuller by 8.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,790,936 shares of the company’s stock worth $78,781,000 after buying an additional 144,249 shares during the period. BlackRock Fund Advisors boosted its position in H. B. Fuller by 3.4% in the second quarter. BlackRock Fund Advisors now owns 3,331,107 shares of the company’s stock worth $146,535,000 after buying an additional 109,588 shares during the period. Finally, Adage Capital Partners GP L.L.C. acquired a new position in H. B. Fuller during the second quarter worth approximately $4,399,000. 89.00% of the stock is owned by hedge funds and other institutional investors.
FUL has been the topic of several research analyst reports. Zacks Investment Research cut H. B. Fuller from a “hold” rating to a “sell” rating in a report on Monday, August 22nd. Citigroup Inc. initiated coverage on H. B. Fuller in a report on Thursday, September 29th. They set a “buy” rating and a $53.00 target price on the stock. Deutsche Bank AG decreased their target price on H. B. Fuller from $50.00 to $47.00 and set a “hold” rating on the stock in a report on Friday, September 23rd. Finally, Seaport Global Securities upgraded H. B. Fuller from an “accumulate” rating to a “buy” rating and increased their target price for the stock from $50.00 to $51.00 in a report on Monday, September 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. H. B. Fuller has a consensus rating of “Hold” and a consensus target price of $50.00.
H. B. Fuller Company Profile
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.
Receive News & Ratings for H. B. Fuller Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for H. B. Fuller Co. and related companies with MarketBeat.com's FREE daily email newsletter.