H. B. Fuller Co. (NYSE:FUL) updated its FY16 earnings guidance on Thursday. The company provided earnings per share guidance of $2.45-2.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.53.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of H. B. Fuller from a hold rating to a buy rating and set a $53.00 target price for the company in a report on Tuesday, June 21st. Deutsche Bank AG raised their target price on shares of H. B. Fuller from $47.00 to $50.00 and gave the stock a hold rating in a report on Friday, June 24th.

H. B. Fuller Co. (NYSE:FUL) opened at 44.18 on Friday. The stock has a market cap of $2.22 billion, a P/E ratio of 21.76 and a beta of 1.75. The company has a 50-day moving average of $46.94 and a 200 day moving average of $44.98. H. B. Fuller Co. has a 1-year low of $32.49 and a 1-year high of $48.83.

H. B. Fuller (NYSE:FUL) last released its earnings results on Wednesday, September 21st. The company reported $0.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.67 by $0.03. H. B. Fuller had a return on equity of 13.65% and a net margin of 5.00%. During the same quarter in the previous year, the business posted $0.61 EPS. Analysts predict that H. B. Fuller Co. will post $2.54 EPS for the current year.

In other news, VP Timothy J. Keenan sold 8,037 shares of the business’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $46.03, for a total transaction of $369,943.11. Following the transaction, the vice president now owns 22,142 shares of the company’s stock, valued at approximately $1,019,196.26. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider James Owens sold 55,048 shares of the business’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $46.43, for a total transaction of $2,555,878.64. Following the transaction, the insider now directly owns 151,293 shares in the company, valued at approximately $7,024,533.99. The disclosure for this sale can be found here. Insiders own 3.55% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. boosted its position in shares of H. B. Fuller by 1.4% in the second quarter. American Century Companies Inc. now owns 163,120 shares of the company’s stock valued at $7,176,000 after buying an additional 2,262 shares during the last quarter. BlackRock Investment Management LLC boosted its position in shares of H. B. Fuller by 6.5% in the second quarter. BlackRock Investment Management LLC now owns 208,881 shares of the company’s stock valued at $9,189,000 after buying an additional 12,755 shares during the last quarter. BlackRock Fund Advisors boosted its position in shares of H. B. Fuller by 3.4% in the second quarter. BlackRock Fund Advisors now owns 3,331,107 shares of the company’s stock valued at $146,535,000 after buying an additional 109,588 shares during the last quarter. BlackRock Group LTD boosted its position in shares of H. B. Fuller by 5.4% in the second quarter. BlackRock Group LTD now owns 66,275 shares of the company’s stock valued at $2,915,000 after buying an additional 3,414 shares during the last quarter. Finally, US Bancorp DE boosted its position in shares of H. B. Fuller by 0.4% in the second quarter. US Bancorp DE now owns 94,089 shares of the company’s stock valued at $4,138,000 after buying an additional 340 shares during the last quarter. 89.00% of the stock is currently owned by hedge funds and other institutional investors.

About H. B. Fuller

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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