H. B. Fuller Co. (FUL) Sets New 12-Month High at $48.49
H. B. Fuller Co. (NYSE:FUL) reached a new 52-week high during trading on Friday . The stock traded as high as $48.49 and last traded at $48.49, with a volume of 152,902 shares changing hands. The stock had previously closed at $47.66.
FUL has been the topic of several recent analyst reports. Zacks Investment Research raised H. B. Fuller from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research report on Tuesday, May 31st. Deutsche Bank AG increased their price objective on H. B. Fuller from $47.00 to $50.00 and gave the company a “hold” rating in a research report on Friday, June 24th.
The stock has a 50-day moving average of $46.66 and a 200 day moving average of $44.07. The stock has a market cap of $2.44 billion and a price-to-earnings ratio of 23.89.
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. Equities analysts anticipate that H. B. Fuller Co. will post $2.54 EPS for the current fiscal year.
In other H. B. Fuller news, insider James Owens sold 55,048 shares of H. B. Fuller 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 completion of 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 filing with the SEC, which is available at the SEC website. Also, VP Timothy J. Keenan sold 8,037 shares of H. B. Fuller stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $46.03, for a total value of $369,943.11. Following the sale, the vice president now directly owns 22,142 shares of the company’s stock, valued at $1,019,196.26. The disclosure for this sale can be found here.
An institutional investor recently raised its position in H. B. Fuller stock. Principal Financial Group Inc. increased its stake in H. B. Fuller Co. (NYSE:FUL) by 4.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 339,405 shares of the company’s stock after buying an additional 14,939 shares during the period. Principal Financial Group Inc. owned about 0.68% of H. B. Fuller worth $12,378,000 at the end of the most recent 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.