H. B. Fuller Co. (FUL) Sees Unusually-High Trading Volume
Shares of H. B. Fuller Co. (NYSE:FUL) saw strong trading volume on Thursday . 359,103 shares changed hands during trading, an increase of 103% from the previous session’s volume of 176,706 shares.The stock last traded at $47.35 and had previously closed at $47.24.
A number of research analysts have recently issued reports on the company. Zacks Investment Research downgraded 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 company a “hold” rating in a report on Friday, June 24th.
The firm’s 50-day moving average price is $46.37 and its 200-day moving average price is $43.74. The stock has a market cap of $2.36 billion and a P/E ratio of 23.17.
H. B. Fuller (NYSE:FUL) last issued its earnings results on Wednesday, June 22nd. The company reported $0.67 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.68 by $0.01. The business earned $532.50 million during the quarter. During the same quarter last year, the firm posted $0.63 earnings per share. The company’s quarterly revenue was down 1.5% on a year-over-year basis. On average, analysts forecast that H. B. Fuller Co. will post $2.54 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, July 28th. Shareholders of record on Thursday, July 14th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Tuesday, July 12th.
In other H. B. Fuller news, VP Timothy J. Keenan sold 8,037 shares of H. B. Fuller stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $46.03, for a total transaction of $369,943.11. Following the completion of the sale, the vice president now directly 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 the SEC website. Also, insider James Owens sold 55,048 shares of H. B. Fuller stock in a transaction on Friday, July 29th. The shares were 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 $7,024,533.99. The disclosure for this sale can be found here.
Other large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake 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 period. Principal Financial Group Inc. increased its position in shares of H. B. Fuller by 4.6% in the fourth quarter. Principal Financial Group Inc. now owns 339,405 shares of the company’s stock worth $12,378,000 after buying an additional 14,939 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of H. B. Fuller by 3.7% in the fourth quarter. Wells Fargo & Company MN now owns 426,323 shares of the company’s stock worth $15,548,000 after buying an additional 15,121 shares in the last quarter.
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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