H. B. Fuller Co. (FUL) Sees Strong Trading Volume
H. B. Fuller Co. (NYSE:FUL) shares saw unusually-strong trading volume on Friday . Approximately 522,496 shares were traded during mid-day trading, an increase of 150% from the previous session’s volume of 209,040 shares.The stock last traded at $46.56 and had previously closed at $46.74.
FUL has been the subject of a number of recent analyst reports. Deutsche Bank AG cut H. B. Fuller from a “buy” rating to a “hold” rating and upped their target price for the stock from $44.00 to $47.00 in a research report on Thursday, April 21st. They noted that the move was a valuation call. Zacks Investment Research raised H. B. Fuller from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research report on Tuesday, May 31st.
The stock has a 50 day moving average price of $45.63 and a 200 day moving average price of $42.16. The company has a market capitalization of $2.34 billion and a PE ratio of 22.94.
H. B. Fuller (NYSE:FUL) last posted its earnings results on Wednesday, June 22nd. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by $0.01. During the same quarter in the prior year, the business posted $0.63 EPS. The business earned $532.50 million during the quarter. H. B. Fuller’s revenue for the quarter was down 1.5% compared to the same quarter last year. Equities analysts forecast that H. B. Fuller Co. will post $2.54 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, July 28th. Stockholders of record on Thursday, July 14th were given a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, July 12th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.20%.
In other news, insider James Owens sold 55,048 shares of the business’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 value of $2,555,878.64. Following the sale, the insider now directly owns 151,293 shares of the company’s stock, valued at approximately $7,024,533.99. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Several hedge funds recently modified their holdings of the company. Dorsey & Whitney Trust CO LLC boosted its stake in shares of H. B. Fuller by 7.5% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 28,310 shares of the company’s stock worth $1,032,000 after buying an additional 1,975 shares in the last quarter. First Trust Advisors LP bought a new stake in shares of H. B. Fuller during the fourth quarter worth approximately $1,077,000. State of Tennessee Treasury Department bought a new stake in shares of H. B. Fuller during the fourth quarter worth approximately $1,430,000. Nationwide Fund Advisors boosted its stake in shares of H. B. Fuller by 1.2% in the fourth quarter. Nationwide Fund Advisors now owns 39,636 shares of the company’s stock worth $1,446,000 after buying an additional 472 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of H. B. Fuller by 6.7% in the fourth quarter. Rhumbline Advisers now owns 73,821 shares of the company’s stock worth $2,692,000 after buying an additional 4,610 shares in the last quarter.
H.B. Fuller Company is formulator, manufacturer and marketer of adhesives, sealants and other specialty chemical products. The Company’s core product offering is Industrial adhesives which are used in manufacturing common consumer and industrial goods, including food and beverage containers, disposable diapers, windows, doors, flooring, appliances, sportswear, footwear, multi-wall bags, water filtration products, insulation, textiles and electronics.
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