Celeste Beeks Mastin Acquires 5,170 Shares of H. B. Fuller (NYSE:FUL) Stock

H. B. Fuller Company (NYSE:FUL) CEO Celeste Beeks Mastin bought 5,170 shares of H. B. Fuller stock in a transaction dated Tuesday, April 7th. The shares were purchased at an average cost of $57.08 per share, for a total transaction of $295,103.60. Following the completion of the transaction, the chief executive officer owned 8,670 shares of the company’s stock, valued at approximately $494,883.60. This represents a 147.71% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

H. B. Fuller Stock Down 0.4%

FUL traded down $0.25 during trading on Tuesday, hitting $57.71. The company had a trading volume of 590,507 shares, compared to its average volume of 582,783. The company has a market cap of $3.14 billion, a PE ratio of 19.05, a P/E/G ratio of 0.80 and a beta of 1.05. The business has a 50-day moving average of $61.11 and a 200-day moving average of $59.99. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.92 and a quick ratio of 1.15. H. B. Fuller Company has a 1-year low of $47.56 and a 1-year high of $68.63.

H. B. Fuller (NYSE:FUL) last posted its quarterly earnings results on Wednesday, March 25th. The specialty chemicals company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.01. The firm had revenue of $770.84 million for the quarter, compared to analysts’ expectations of $787.77 million. H. B. Fuller had a net margin of 4.62% and a return on equity of 11.84%. The firm’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.54 earnings per share. As a group, analysts forecast that H. B. Fuller Company will post 4.07 earnings per share for the current year.

H. B. Fuller Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Thursday, February 5th were issued a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Thursday, February 5th. H. B. Fuller’s payout ratio is 31.02%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. UBS Group dropped their target price on shares of H. B. Fuller from $66.00 to $63.00 and set a “neutral” rating on the stock in a report on Friday, March 27th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of H. B. Fuller in a report on Friday, January 16th. Wall Street Zen raised shares of H. B. Fuller from a “hold” rating to a “buy” rating in a report on Sunday, March 29th. Vertical Research raised shares of H. B. Fuller from a “hold” rating to a “strong-buy” rating in a report on Friday, March 27th. Finally, Citigroup increased their target price on shares of H. B. Fuller from $67.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, H. B. Fuller has a consensus rating of “Moderate Buy” and an average price target of $65.50.

Hedge Funds Weigh In On H. B. Fuller

Several institutional investors have recently modified their holdings of the company. Bayban bought a new position in shares of H. B. Fuller during the fourth quarter worth about $156,000. Caitong International Asset Management Co. Ltd grew its position in shares of H. B. Fuller by 510.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,466 shares of the specialty chemicals company’s stock worth $87,000 after acquiring an additional 1,226 shares during the last quarter. DGS Capital Management LLC bought a new position in shares of H. B. Fuller during the fourth quarter worth about $204,000. Invesco Ltd. grew its position in shares of H. B. Fuller by 1.4% during the fourth quarter. Invesco Ltd. now owns 152,960 shares of the specialty chemicals company’s stock worth $9,095,000 after acquiring an additional 2,042 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its position in shares of H. B. Fuller by 92.7% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,433 shares of the specialty chemicals company’s stock worth $442,000 after acquiring an additional 3,575 shares during the last quarter. Institutional investors own 95.93% of the company’s stock.

About H. B. Fuller

H. B. Fuller Company, founded in 1887 and headquartered in St. Paul, Minnesota, is a global adhesives and specialty chemical solutions provider serving a wide array of industries. The company develops, manufactures and markets adhesive technologies, sealants, polymers and related chemical products designed to enhance product performance, sustainability and manufacturing efficiency.

Fuller’s product portfolio spans multiple market segments, including packaging and converting, general industrial assembly, electronics, transportation, hygiene and construction.