H. B. Fuller Co. (FUL) Reaches New 1-Year High at $48.49
H. B. Fuller Co. (NYSE:FUL)’s share price reached a new 52-week high on Friday . The company traded as high as $48.49 and last traded at $48.49, with a volume of 152,902 shares. The stock had previously closed at $47.66.
A number of equities analysts recently weighed in on the company. Zacks Investment Research cut H. B. Fuller from a “hold” rating to a “sell” rating in a report on Monday, August 22nd. Deutsche Bank AG upped their price target on H. B. Fuller from $47.00 to $50.00 and gave the stock a “hold” rating in a report on Friday, June 24th.
The stock has a market capitalization of $2.44 billion and a price-to-earnings ratio of 23.89. The company’s 50-day moving average price is $46.66 and its 200 day moving average price is $44.07.
H. B. Fuller (NYSE:FUL) last issued its quarterly earnings data on Wednesday, June 22nd. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by $0.01. The business earned $532.50 million during the quarter. During the same quarter last year, the business earned $0.63 EPS. The business’s quarterly revenue was down 1.5% on a year-over-year basis. Equities analysts expect that H. B. Fuller Co. will post $2.54 EPS for the current fiscal year.
In other H. B. Fuller news, insider James Owens sold 55,048 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 151,293 shares of the company’s stock, valued at $7,024,533.99. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Timothy J. Keenan sold 8,037 shares of the firm’s stock in a transaction dated Wednesday, August 3rd. The stock was 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 in the company, valued at approximately $1,019,196.26. The disclosure for this sale can be found here.
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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