H. B. Fuller Co. (FUL) Sees Strong Trading Volume
Shares of H. B. Fuller Co. (NYSE:FUL) saw an uptick in trading volume on Thursday . 359,103 shares were traded during mid-day trading, an increase of 103% from the previous session’s volume of 176,706 shares.The stock last traded at $47.35 and had previously closed at $47.24.
Several brokerages have issued reports on FUL. Zacks Investment Research lowered H. B. Fuller from a “buy” rating to a “hold” rating in a research note on Wednesday, May 4th. Deutsche Bank AG boosted their target price on H. B. Fuller from $47.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, June 24th.
The company has a market cap of $2.38 billion and a P/E ratio of 23.33. The stock’s 50 day moving average price is $46.27 and its 200-day moving average price is $43.66.
H. B. Fuller (NYSE:FUL) last posted its quarterly earnings data on Wednesday, June 22nd. The company reported $0.67 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.68 by $0.01. The company earned $532.50 million during the quarter. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.63 earnings per share. Equities research analysts anticipate that H. B. Fuller Co. will post $2.54 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 28th. Investors of record on Thursday, July 14th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Tuesday, July 12th.
In related news, insider James Owens sold 55,048 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $46.43, for a total transaction of $2,555,878.64. Following the completion of the transaction, the insider now owns 151,293 shares of the company’s stock, valued at approximately $7,024,533.99. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Timothy J. Keenan sold 8,037 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $46.03, for a total value of $369,943.11. Following the transaction, the vice president now directly owns 22,142 shares of the company’s stock, valued at approximately $1,019,196.26. The disclosure for this sale can be found here.
A number of hedge funds and institutional investors recently bought and sold shares of FUL. Dimensional Fund Advisors LP raised its position in H. B. Fuller by 3.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,528,485 shares of the company’s stock worth $55,745,000 after buying an additional 56,872 shares during the period. Principal Financial Group Inc. increased its stake in shares of H. B. Fuller by 4.6% in the fourth quarter. Principal Financial Group Inc. now owns 339,405 shares of the company’s stock valued at $12,378,000 after buying an additional 14,939 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of H. B. Fuller by 3.7% in the fourth quarter. Wells Fargo & Company MN now owns 426,323 shares of the company’s stock valued at $15,548,000 after buying an additional 15,121 shares in the last quarter. Finally, First Trust Advisors LP acquired a new stake in shares of H. B. Fuller during the fourth quarter valued at approximately $1,077,000.
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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