Insider Selling: H.B. Fuller (NYSE:FUL) VP Sells 240 Shares of Stock

H.B. Fuller (NYSE:FUL) VP Xinyu Du sold 240 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $63.73, for a total value of $15,295.20. Following the completion of the sale, the vice president now owns 2,323 shares of the company’s stock, valued at $148,044.79. The trade was a 9.36 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

H.B. Fuller Stock Up 1.0 %

Shares of NYSE:FUL opened at $63.51 on Friday. The firm has a market capitalization of $3.47 billion, a P/E ratio of 27.49, a P/E/G ratio of 1.18 and a beta of 1.43. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.16 and a current ratio of 1.81. The stock has a 50 day moving average price of $68.54 and a 200-day moving average price of $75.85. H.B. Fuller has a 52-week low of $60.96 and a 52-week high of $87.67.

H.B. Fuller (NYSE:FUL) last posted its quarterly earnings data on Wednesday, January 15th. The specialty chemicals company reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.08). The firm had revenue of $923.00 million during the quarter, compared to the consensus estimate of $916.84 million. H.B. Fuller had a return on equity of 12.01% and a net margin of 3.65%. H.B. Fuller’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.32 EPS. As a group, equities research analysts anticipate that H.B. Fuller will post 4.07 EPS for the current fiscal year.

H.B. Fuller Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th will be issued a $0.2225 dividend. This represents a $0.89 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Thursday, February 6th. H.B. Fuller’s dividend payout ratio (DPR) is presently 38.53%.

Wall Street Analysts Forecast Growth

FUL has been the subject of a number of recent analyst reports. Vertical Research lowered shares of H.B. Fuller from a “buy” rating to a “hold” rating in a report on Monday, January 6th. JPMorgan Chase & Co. dropped their target price on shares of H.B. Fuller from $70.00 to $60.00 and set an “underweight” rating for the company in a report on Friday, January 17th. Citigroup cut their target price on H.B. Fuller from $78.00 to $68.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on H.B. Fuller from $75.00 to $72.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $75.60.

Hedge Funds Weigh In On H.B. Fuller

Several large investors have recently made changes to their positions in the business. Wesbanco Bank Inc. grew its stake in shares of H.B. Fuller by 41.2% in the 4th quarter. Wesbanco Bank Inc. now owns 13,700 shares of the specialty chemicals company’s stock worth $924,000 after buying an additional 4,000 shares during the last quarter. S&CO Inc. grew its stake in shares of H.B. Fuller by 0.3% in the third quarter. S&CO Inc. now owns 267,192 shares of the specialty chemicals company’s stock worth $21,209,000 after acquiring an additional 920 shares during the last quarter. Lord Abbett & CO. LLC increased its holdings in shares of H.B. Fuller by 79.8% during the third quarter. Lord Abbett & CO. LLC now owns 730,058 shares of the specialty chemicals company’s stock valued at $57,952,000 after acquiring an additional 324,056 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of H.B. Fuller by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,258,752 shares of the specialty chemicals company’s stock worth $99,939,000 after purchasing an additional 18,734 shares during the last quarter. 95.93% of the stock is currently owned by hedge funds and other institutional investors.

H.B. Fuller Company Profile

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products. It operates through three segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Construction Adhesives.