H. B. Fuller Co. Announces Quarterly Dividend of $0.14 (FUL)
H. B. Fuller Co. (NYSE:FUL) announced 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 dividend on an annualized basis and a yield of 1.27%.
Shares of H. B. Fuller (NYSE:FUL) opened at 44.18 on Friday. The firm’s 50-day moving average is $46.53 and its 200-day moving average is $45.52. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of 20.55 and a beta of 1.69. H. B. Fuller has a 52 week low of $32.49 and a 52 week high of $48.83.
H. B. Fuller (NYSE:FUL) last announced its quarterly earnings results on Wednesday, September 21st. The company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates 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 previous year, the firm posted $0.61 earnings per share. On average, equities research analysts anticipate that H. B. Fuller will post $2.48 EPS for the current fiscal year.
In related news, VP James R. Giertz sold 25,000 shares of H. B. Fuller stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider James Owens sold 55,048 shares of H. B. Fuller 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 sale, the insider now owns 151,293 shares of the company’s stock, valued at approximately $7,024,533.99. The disclosure for this sale can be found here. Corporate insiders own 3.55% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Panagora Asset Management Inc. raised its stake 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 last quarter. Martingale Asset Management L P acquired a new stake in shares of H. B. Fuller during the second quarter worth about $287,000. Menta Capital LLC acquired a new stake in shares of H. B. Fuller during the second quarter worth about $401,000. Quadrature Capital Ltd acquired a new stake in shares of H. B. Fuller during the second quarter worth about $404,000. Finally, Capstone Investment Advisors LLC raised its stake in shares of H. B. Fuller by 19.8% in the second quarter. Capstone Investment Advisors LLC now owns 9,700 shares of the company’s stock worth $426,000 after buying an additional 1,600 shares during the last quarter. 89.02% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts recently commented on the company. Deutsche Bank AG lifted their price objective on H. B. Fuller from $47.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday, June 24th. Zacks Investment Research cut H. B. Fuller from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th. Seaport Global Securities upgraded 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 research report on Monday, September 26th. Finally, Citigroup Inc. assumed coverage on H. B. Fuller in a research report on Thursday, September 29th. They set a “buy” rating and a $53.00 price objective for the company. One 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. The company has an average rating of “Hold” and a consensus price target 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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