James R. Giertz Sells 25,000 Shares of H. B. Fuller Co. (FUL) Stock
H. B. Fuller Co. (NYSE:FUL) VP James R. Giertz sold 25,000 shares of the stock in a transaction on Thursday, October 6th. The stock was sold at an average price of $46.37, for a total value of $1,159,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
H. B. Fuller Co. (NYSE:FUL) opened at 45.50 on Friday. H. B. Fuller Co. has a 1-year low of $32.49 and a 1-year high of $48.83. The company has a 50-day moving average price of $46.77 and a 200-day moving average price of $45.44. The company has a market cap of $2.29 billion, a PE ratio of 21.16 and a beta of 1.69.
H. B. Fuller (NYSE:FUL) last issued its quarterly earnings data on Wednesday, September 21st. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by $0.03. H. B. Fuller had a net margin of 5.32% and a return on equity of 13.66%. During the same quarter in the prior year, the company posted $0.61 EPS. On average, analysts expect that H. B. Fuller Co. will post $2.48 EPS for the current fiscal year.
Large investors have recently modified their holdings of the stock. Aperio Group LLC increased its stake in shares of H. B. Fuller by 37.5% in the first quarter. Aperio Group LLC now owns 12,287 shares of the company’s stock worth $522,000 after buying an additional 3,349 shares during the last quarter. Ngam Advisors L.P. increased its stake in shares of H. B. Fuller by 16.6% in the first quarter. Ngam Advisors L.P. now owns 17,271 shares of the company’s stock worth $733,000 after buying an additional 2,465 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of H. B. Fuller by 1.6% in the first quarter. Prudential Financial Inc. now owns 140,842 shares of the company’s stock worth $5,979,000 after buying an additional 2,200 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of H. B. Fuller by 3.1% in the first quarter. Franklin Resources Inc. now owns 2,680,846 shares of the company’s stock worth $113,801,000 after buying an additional 80,121 shares during the last quarter. Finally, BlackRock Inc. increased its stake in shares of H. B. Fuller by 9.9% in the first quarter. BlackRock Inc. now owns 54,863 shares of the company’s stock worth $2,328,000 after buying an additional 4,923 shares during the last quarter. 89.00% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently issued reports on the company. Zacks Investment Research upgraded H. B. Fuller from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research report on Tuesday, June 21st. Deutsche Bank AG increased their price objective on H. B. Fuller from $47.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday, June 24th. Citigroup Inc. assumed coverage on H. B. Fuller in a research report on Thursday, September 29th. They issued a “buy” rating and a $53.00 price objective on the stock. Finally, Seaport Global Securities upgraded H. B. Fuller from an “accumulate” rating to a “buy” rating and increased their price objective for the stock from $50.00 to $51.00 in a research report on Monday, September 26th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. H. B. Fuller currently has an average rating of “Hold” and a consensus target price of $50.00.
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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