H. B. Fuller (NYSE:FUL) VP Sells $413,038.50 in Stock

H. B. Fuller Company (NYSE:FUL) VP Nathan Weaver sold 7,075 shares of the business’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $58.38, for a total transaction of $413,038.50. Following the sale, the vice president directly owned 9,441 shares in the company, valued at $551,165.58. This trade represents a 42.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

H. B. Fuller Stock Performance

FUL traded down $1.18 during trading on Friday, reaching $57.43. 432,671 shares of the company’s stock were exchanged, compared to its average volume of 458,147. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.93 and a quick ratio of 1.18. H. B. Fuller Company has a 1 year low of $47.56 and a 1 year high of $78.68. The company’s fifty day simple moving average is $59.41 and its 200-day simple moving average is $58.39. The stock has a market capitalization of $3.11 billion, a P/E ratio of 31.04, a price-to-earnings-growth ratio of 1.05 and a beta of 1.13.

H. B. Fuller (NYSE:FUL) last issued its earnings results on Wednesday, April 13th. The specialty chemicals company reported $0.66 earnings per share (EPS) for the quarter. H. B. Fuller had a net margin of 3.28% and a return on equity of 11.49%. The firm had revenue of $725.90 million during the quarter. H. B. Fuller has set its FY 2022 guidance at $4.100-$4.350 EPS. As a group, research analysts predict that H. B. Fuller Company will post 4.07 earnings per share for the current fiscal year.

H. B. Fuller Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 30th. Investors of record on Thursday, October 16th were given a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a yield of 1.6%. The ex-dividend date was Thursday, October 16th. H. B. Fuller’s dividend payout ratio (DPR) is currently 50.81%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FUL. Salomon & Ludwin LLC purchased a new stake in shares of H. B. Fuller during the third quarter worth $28,000. Parallel Advisors LLC grew its stake in H. B. Fuller by 141.6% during the 2nd quarter. Parallel Advisors LLC now owns 534 shares of the specialty chemicals company’s stock valued at $32,000 after acquiring an additional 313 shares in the last quarter. Covestor Ltd lifted its stake in H. B. Fuller by 22,833.3% in the 3rd quarter. Covestor Ltd now owns 688 shares of the specialty chemicals company’s stock worth $41,000 after purchasing an additional 685 shares in the last quarter. TD Waterhouse Canada Inc. acquired a new stake in shares of H. B. Fuller in the third quarter valued at approximately $47,000. Finally, AdvisorNet Financial Inc grew its holdings in H. B. Fuller by 160.8% in the 3rd quarter. AdvisorNet Financial Inc now owns 845 shares of the specialty chemicals company’s stock valued at $50,000 after buying an additional 521 shares in the last quarter. 95.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FUL has been the topic of several recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of H. B. Fuller in a research report on Tuesday. Wall Street Zen downgraded shares of H. B. Fuller from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Seaport Res Ptn raised shares of H. B. Fuller from a “hold” rating to a “strong-buy” rating in a report on Friday, September 26th. Finally, Citigroup upgraded shares of H. B. Fuller from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $62.00 to $70.00 in a research report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, H. B. Fuller presently has a consensus rating of “Moderate Buy” and an average target price of $67.75.

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.