James R. Giertz Sells 25,000 Shares of H. B. Fuller Co. (FUL) Stock
H. B. Fuller Co. (NYSE:FUL) VP James R. Giertz sold 25,000 shares of the company’s stock in a transaction on Thursday, October 6th. The shares were sold at an average price of $46.37, for a total transaction of $1,159,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
H. B. Fuller Co. (NYSE:FUL) opened at 45.50 on Friday. The firm’s 50-day moving average is $46.77 and its 200-day moving average is $45.44. H. B. Fuller Co. has a 12 month low of $32.49 and a 12 month high of $48.83. The stock 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 released its earnings results on Wednesday, September 21st. The company reported $0.64 earnings per share (EPS) for the quarter, missing the 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 in the prior year, the business earned $0.61 earnings per share. On average, equities analysts forecast that H. B. Fuller Co. will post $2.48 earnings per share for the current fiscal year.
Several analysts recently commented on FUL shares. Zacks Investment Research downgraded shares of H. B. Fuller from a “hold” rating to a “sell” rating in a research report on Monday, August 22nd. Citigroup Inc. started coverage on shares of H. B. Fuller in a research report on Thursday, September 29th. They issued a “buy” rating and a $53.00 price target for the company. Deutsche Bank AG reduced their price target on shares of H. B. Fuller from $50.00 to $47.00 and set a “hold” rating for the company in a research report on Friday, September 23rd. Finally, Seaport Global Securities upgraded shares of H. B. Fuller from an “accumulate” rating to a “buy” rating and upped their price target for the company from $50.00 to $51.00 in a research report on Monday, September 26th. One investment 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 stock presently has a consensus rating of “Hold” and an average price target of $50.00.
Institutional investors have recently added to or reduced their stakes in the stock. Schonfeld Strategic Advisors LLC acquired a new position in H. B. Fuller during the first quarter valued at about $438,000. A.R.T. Advisors LLC acquired a new position in H. B. Fuller during the first quarter valued at about $556,000. Mariner Wealth Advisors LLC acquired a new position in H. B. Fuller during the first quarter valued at about $624,000. Geode Capital Management LLC raised its position in H. B. Fuller by 5.7% in the first quarter. Geode Capital Management LLC now owns 330,214 shares of the company’s stock valued at $14,017,000 after buying an additional 17,908 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in 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. 89.00% of the stock is 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, 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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