Insider Selling: H. B. Fuller Company (FUL) VP Sells 5,397 Shares of Stock
H. B. Fuller Company (NYSE:FUL) VP Traci L. Jensen sold 5,397 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $58.40, for a total value of $315,184.80. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of H. B. Fuller Company (FUL) traded down 1.05% during midday trading on Wednesday, hitting $57.42. The stock had a trading volume of 130,068 shares. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of 26.24 and a beta of 1.72. H. B. Fuller Company has a 1-year low of $41.52 and a 1-year high of $58.74. The firm has a 50-day moving average price of $53.52 and a 200-day moving average price of $52.04.
H. B. Fuller (NYSE:FUL) last posted its earnings results on Wednesday, September 27th. The specialty chemicals company reported $0.65 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.02). The company had revenue of $562.87 million during the quarter, compared to analyst estimates of $553.66 million. H. B. Fuller had a return on equity of 13.08% and a net margin of 4.76%. On average, equities analysts anticipate that H. B. Fuller Company will post $2.59 EPS for the current fiscal year.
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Several research analysts recently commented on the stock. Zacks Investment Research upgraded shares of H. B. Fuller from a “sell” rating to a “hold” rating in a report on Thursday, August 24th. BidaskClub downgraded shares of H. B. Fuller from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Robert W. Baird started coverage on shares of H. B. Fuller in a research note on Thursday, September 14th. They set a “neutral” rating and a $60.00 price objective for the company. Finally, Deutsche Bank AG increased their price objective on shares of H. B. Fuller from $56.00 to $58.00 and gave the stock a “hold” rating in a research report on Wednesday, September 6th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $57.40.
Several large investors have recently added to or reduced their stakes in FUL. Phocas Financial Corp. lifted its stake in shares of H. B. Fuller by 55.2% in the second quarter. Phocas Financial Corp. now owns 150,278 shares of the specialty chemicals company’s stock worth $7,681,000 after buying an additional 53,433 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of H. B. Fuller by 5.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,339 shares of the specialty chemicals company’s stock worth $171,000 after buying an additional 172 shares during the period. Piedmont Investment Advisors LLC bought a new stake in shares of H. B. Fuller during the 2nd quarter worth $558,000. Coldstream Capital Management Inc. bought a new stake in shares of H. B. Fuller during the 2nd quarter worth $632,000. Finally, Daruma Capital Management LLC boosted its holdings in shares of H. B. Fuller by 8.2% during the 2nd quarter. Daruma Capital Management LLC now owns 1,003,679 shares of the specialty chemicals company’s stock worth $51,298,000 after buying an additional 76,421 shares during the period. 92.37% of the stock is currently owned by institutional investors.
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, Construction Products and Engineering Adhesives. The Americas Adhesives, EIMEA and Asia Pacific operating segments produce and supply industrial adhesives products for applications in various markets, including durable assembly, nonwoven and hygiene, and textile.
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