H. B. Fuller Co. (FUL) to Issue Quarterly Dividend of $0.14
H. B. Fuller Co. (NYSE:FUL) declared a quarterly dividend on Thursday, October 13th. Shareholders of record on Thursday, October 27th will be paid a dividend of 0.14 per share on Thursday, November 10th. This represents a $0.56 annualized dividend and a yield of 1.27%.
Shares of H. B. Fuller (NYSE:FUL) traded down 1.43% on Thursday, reaching $44.18. The company’s stock had a trading volume of 187,613 shares. H. B. Fuller has a 12-month low of $32.49 and a 12-month high of $48.83. The firm has a 50 day moving average price of $46.62 and a 200-day moving average price of $45.53. The stock has a market cap of $2.22 billion, a PE ratio of 20.55 and a beta of 1.69.
H. B. Fuller (NYSE:FUL) last issued its earnings results 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 return on equity of 13.66% and a net margin of 5.32%. During the same period in the previous year, the firm earned $0.61 earnings per share. Equities research analysts expect that H. B. Fuller will post $2.48 EPS for the current year.
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A number of equities research analysts recently weighed in on FUL shares. Zacks Investment Research cut H. B. Fuller from a “buy” rating to a “hold” rating in a research note on Tuesday, June 28th. Citigroup Inc. started coverage on H. B. Fuller in a research note on Thursday, September 29th. They set a “buy” rating and a $53.00 price objective for the company. Seaport Global Securities upgraded H. B. Fuller from an “accumulate” rating to a “buy” rating and upped their price objective for the stock from $50.00 to $51.00 in a research note on Monday, September 26th. Finally, Deutsche Bank AG upped their target price on H. B. Fuller from $47.00 to $50.00 and gave the company a “hold” rating in a research report on Friday, June 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $50.00.
In other news, insider James Owens sold 55,048 shares of the stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $46.43, for a total value of $2,555,878.64. Following the transaction, the insider now directly owns 151,293 shares of the company’s stock, valued at $7,024,533.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP James R. Giertz sold 25,000 shares of the stock in a transaction dated Tuesday, September 27th. The shares were sold at an average price of $45.79, for a total value of $1,144,750.00. Following the completion of the transaction, the vice president now directly owns 108,121 shares in the company, valued at $4,950,860.59. The disclosure for this sale can be found here. Corporate insiders own 3.55% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in FUL. Arizona State Retirement System raised its position in shares of H. B. Fuller by 1.2% in the second quarter. Arizona State Retirement System now owns 25,893 shares of the company’s stock worth $1,139,000 after buying an additional 300 shares in the last quarter. AHL Partners LLP raised 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 worth $2,320,000 after buying an additional 37,617 shares in the last quarter. Highbridge Capital Management LLC purchased a new position in shares of H. B. Fuller during the second quarter worth $567,000. Cubist Systematic Strategies LLC purchased a new position in shares of H. B. Fuller during the second quarter worth $448,000. Finally, Paloma Partners Management Co purchased a new position in shares of H. B. Fuller during the second quarter worth $789,000. 89.02% of the stock is currently owned by institutional investors and hedge funds.
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.
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