H. B. Fuller (NYSE:FUL) Director Celine Christine Martin Purchases 465 Shares of Stock

H. B. Fuller Company (NYSE:FUL) Director Celine Martin acquired 465 shares of the firm’s stock in a transaction on Wednesday, September 30th. The stock was bought at an average price of $49.50 per share, with a total value of $23,017.50. Following the purchase, the director directly owned 465 shares of the company’s stock, valued at $23,017.50. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

H. B. Fuller Stock Performance

Shares of FUL traded up $0.69 during midday trading on Thursday, reaching $50.16. 631,924 shares of the stock were exchanged, compared to its average volume of 677,302. H. B. Fuller Company has a twelve month low of $46.70 and a twelve month high of $68.63. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.82 and a quick ratio of 1.10. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 13.97, a PEG ratio of 0.54 and a beta of 0.97. The business’s 50-day moving average price is $55.33 and its 200 day moving average price is $58.21.

H. B. Fuller (NYSE:FUL) last announced its earnings results on Thursday, September 24th. The specialty chemicals company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.05. The firm had revenue of $938.17 million during the quarter, compared to analysts’ expectations of $945.59 million. H. B. Fuller had a return on equity of 12.65% and a net margin of 5.56%.The business’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.26 EPS. On average, sell-side analysts expect that H. B. Fuller Company will post 4.83 EPS for the current fiscal year.

H. B. Fuller Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, July 30th were paid a dividend of $0.2450 per share. The ex-dividend date was Thursday, July 30th. This represents a $0.98 dividend on an annualized basis and a yield of 2.0%. H. B. Fuller’s dividend payout ratio is currently 27.30%.

More H. B. Fuller News

Here are the key news stories impacting H. B. Fuller this week:

• Positive Sentiment: Ancora increased its cash offer for H. B. Fuller’s building adhesives unit to as much as $1.4 billion. The higher bid, reportedly backed by Fortress, improves the prospects for a value-enhancing transaction and increases pressure on H. B. Fuller’s board to consider strategic alternatives. Ancora raises bid for H.B. Fuller building unit
• Positive Sentiment: Multiple directors made sizable open-market purchases. Directors Srilata Zaheer, Charles T. Lauber, Teresa Rasmussen, Daniel L. Florness and Thomas W. Handley collectively bought approximately $500,000 of FUL shares at prices ranging from $48.96 to $49.87. The purchases substantially increased their individual holdings and may signal confidence that the shares are undervalued. H. B. Fuller insider purchase filing
• Neutral Sentiment: Recent quarterly results were mixed but fundamentally supportive. H. B. Fuller reported adjusted earnings of $1.52 per share, above the $1.47 consensus estimate, while revenue rose 5.2% year over year to about $938 million but fell short of expectations. Analysts expect approximately $4.83 in full-year earnings per share.
• Negative Sentiment: Analyst sentiment remains a counterweight. JPMorgan and Deutsche Bank have issued cautious or pessimistic outlooks for FUL, reflecting concerns about valuation and the company’s operating outlook. Such views could limit gains if the potential asset sale does not progress. Deutsche Bank forecast for H. B. Fuller

Institutional Trading of H. B. Fuller

Several hedge funds have recently made changes to their positions in FUL. Ellevest Inc. increased its stake in shares of H. B. Fuller by 7.2% during the fourth quarter. Ellevest Inc. now owns 3,626 shares of the specialty chemicals company’s stock worth $216,000 after acquiring an additional 245 shares during the period. Parallel Advisors LLC boosted its holdings in H. B. Fuller by 85.6% in the 1st quarter. Parallel Advisors LLC now owns 1,034 shares of the specialty chemicals company’s stock valued at $64,000 after purchasing an additional 477 shares in the last quarter. Inspire Investing LLC raised its stake in shares of H. B. Fuller by 6.3% during the 1st quarter. Inspire Investing LLC now owns 8,362 shares of the specialty chemicals company’s stock worth $516,000 after buying an additional 499 shares in the last quarter. Hantz Financial Services Inc. raised its stake in shares of H. B. Fuller by 432.9% during the 4th quarter. Hantz Financial Services Inc. now owns 778 shares of the specialty chemicals company’s stock worth $46,000 after buying an additional 632 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of H. B. Fuller by 4.3% in the 1st quarter. Sequoia Financial Advisors LLC now owns 16,874 shares of the specialty chemicals company’s stock valued at $1,041,000 after buying an additional 699 shares during the period. Institutional investors and hedge funds own 95.93% of the company’s stock.

Analyst Upgrades and Downgrades

FUL has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of H. B. Fuller from $67.00 to $66.00 and set an “overweight” rating on the stock in a research note on Monday. Raymond James Financial set a $67.00 target price on shares of H. B. Fuller in a research note on Friday, June 26th. Deutsche Bank Aktiengesellschaft dropped their price target on H. B. Fuller from $72.00 to $62.00 and set a “buy” rating on the stock in a research report on Tuesday. Citigroup reduced their price objective on H. B. Fuller from $75.00 to $63.00 and set a “buy” rating for the company in a research note on Monday. Finally, Weiss Ratings cut H. B. Fuller from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, September 14th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $64.62.

About H. B. Fuller

H.B. Fuller Company is a global manufacturer of adhesives, sealants and specialty chemical products. Its solutions are used to bond, seal, protect and assemble materials in commercial and industrial applications, including packaging, hygiene products, construction, transportation, electronics and durable goods.

The company offers products such as hot-melt, water-based and reactive adhesives, construction adhesives, sealants, coatings and specialty formulations. H.B. Fuller serves manufacturers, contractors and other commercial customers that require bonding and sealing solutions for products, components and building materials.

Founded in 1887 by Harvey Benjamin Fuller, the company has grown from a regional adhesive producer into an international supplier serving customers across North America, Europe, Asia-Pacific and Latin America.