H. B. Fuller Co. (FUL) Sees Large Volume Increase
H. B. Fuller Co. (NYSE:FUL) saw an uptick in trading volume on Friday . 522,496 shares traded hands 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.
Several brokerages recently weighed in on FUL. Zacks Investment Research raised H. B. Fuller from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a report on Tuesday, June 21st. Deutsche Bank AG lowered H. B. Fuller from a “buy” rating to a “hold” rating and lifted their target price for the company from $44.00 to $47.00 in a report on Thursday, April 21st. They noted that the move was a valuation call.
The company has a market capitalization of $2.34 billion and a price-to-earnings ratio of 22.94. The firm’s 50-day moving average price is $45.63 and its 200-day moving average price is $42.16.
H. B. Fuller (NYSE:FUL) last announced its quarterly earnings results on Wednesday, June 22nd. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by $0.01. The firm earned $532.50 million during the quarter. During the same quarter in the prior year, the company earned $0.63 EPS. The business’s quarterly revenue was down 1.5% on a year-over-year basis. On average, equities research analysts expect that H. B. Fuller Co. will post $2.54 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 28th. Stockholders of record on Thursday, July 14th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend was Tuesday, July 12th.
In other news, insider James Owens sold 55,048 shares of the company’s stock in a transaction 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 transaction, the insider now directly 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 available at the SEC website.
Other hedge funds and institutional investors have made changes to their positions in the company. State of Tennessee Treasury Department acquired a new position in shares of H. B. Fuller during the fourth quarter worth about $1,430,000. Dimensional Fund Advisors LP increased its position in shares of 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 last quarter. Dorsey & Whitney Trust CO LLC increased its position 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 during the last quarter. US Bancorp DE increased its position in shares of H. B. Fuller by 1.5% in the fourth quarter. US Bancorp DE now owns 94,411 shares of the company’s stock worth $3,443,000 after buying an additional 1,379 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of H. B. Fuller by 17.3% in the fourth quarter. Victory Capital Management Inc. now owns 997,288 shares of the company’s stock worth $36,371,000 after buying an additional 147,196 shares during 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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