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 H. B. Fuller stock in a transaction on Thursday, October 6th. The stock was sold at an average price of $46.37, for a total transaction of $1,159,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
H. B. Fuller Co. (NYSE:FUL) opened at 45.50 on Friday. H. B. Fuller Co. has a one year low of $32.49 and a one year high of $48.83. The stock’s 50 day moving average is $46.77 and its 200 day moving average is $45.44. The firm has a market cap of $2.29 billion, a P/E ratio of 21.16 and a beta of 1.69.
H. B. Fuller (NYSE:FUL) last announced its earnings results on Wednesday, September 21st. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 prior year, the firm posted $0.61 EPS. On average, equities research analysts expect that H. B. Fuller Co. will post $2.48 earnings per share for the current year.
Large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its stake 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 last quarter. 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. 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. 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. Finally, Strs Ohio raised its position in shares of H. B. Fuller by 30.0% in the second quarter. Strs Ohio now owns 5,200 shares of the company’s stock worth $228,000 after buying an additional 1,200 shares during the period. 89.00% of the stock is owned by hedge funds and other institutional investors.
FUL has been the subject of a number of research reports. Zacks Investment Research raised shares of H. B. Fuller from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a report on Tuesday, June 21st. Deutsche Bank AG lifted their price objective on shares of H. B. Fuller from $47.00 to $50.00 and gave the stock a “hold” rating in a report on Friday, June 24th. Seaport Global Securities raised shares of H. B. Fuller from an “accumulate” rating to a “buy” rating and lifted their price objective for the stock from $50.00 to $51.00 in a report on Monday, September 26th. Finally, Citigroup Inc. initiated coverage on shares of H. B. Fuller in a report on Thursday, September 29th. They issued a “buy” rating and a $53.00 price objective for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. H. B. Fuller currently 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.
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