H. B. Fuller Company (FUL) Sees Unusually-High Trading Volume
H. B. Fuller Company (NYSE:FUL) shares saw unusually-high trading volume on Tuesday . Approximately 2,160,948 shares changed hands during trading, an increase of 754% from the previous session’s volume of 253,119 shares.The stock last traded at $51.93 and had previously closed at $50.68.
FUL has been the topic of several recent analyst reports. KeyCorp reissued a “hold” rating on shares of H. B. Fuller in a research report on Thursday, August 24th. Zacks Investment Research lowered H. B. Fuller from a “hold” rating to a “sell” rating in a research report on Monday, June 5th. Finally, BidaskClub raised H. B. Fuller from a “hold” rating to a “buy” rating in a research report on Saturday, June 10th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. H. B. Fuller currently has an average rating of “Hold” and a consensus target price of $52.40.
The company’s 50-day moving average price is $50.87 and its 200 day moving average price is $51.15. The stock has a market cap of $2.62 billion, a PE ratio of 23.73 and a beta of 1.69.
H. B. Fuller (NYSE:FUL) last released its quarterly earnings results on Wednesday, June 28th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by $0.05. H. B. Fuller had a net margin of 5.23% and a return on equity of 13.32%. The firm had revenue of $561.65 million during the quarter. During the same quarter last year, the company earned $0.67 earnings per share. Analysts forecast that H. B. Fuller Company will post $2.60 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 10th. Shareholders of record on Thursday, July 27th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.16%. The ex-dividend date was Tuesday, July 25th. H. B. Fuller’s dividend payout ratio is 27.40%.
In other news, VP Dietrich J. Crail purchased 970 shares of the company’s stock in a transaction on Wednesday, July 12th. The shares were purchased at an average price of $51.41 per share, with a total value of $49,867.70. Following the purchase, the vice president now directly owns 970 shares of the company’s stock, valued at approximately $49,867.70. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 3.10% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its stake in shares of H. B. Fuller by 0.6% in the 2nd quarter. BlackRock Inc. now owns 6,252,664 shares of the specialty chemicals company’s stock valued at $319,575,000 after purchasing an additional 34,858 shares during the period. Vanguard Group Inc. raised its stake in shares of H. B. Fuller by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 5,108,535 shares of the specialty chemicals company’s stock valued at $261,098,000 after purchasing an additional 53,030 shares during the period. Janus Henderson Group PLC acquired a new stake in shares of H. B. Fuller in the 2nd quarter valued at about $105,912,000. Dimensional Fund Advisors LP raised its stake in shares of H. B. Fuller by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,019,675 shares of the specialty chemicals company’s stock valued at $103,226,000 after purchasing an additional 15,212 shares during the period. Finally, Champlain Investment Partners LLC raised its stake in shares of H. B. Fuller by 53.9% in the 1st quarter. Champlain Investment Partners LLC now owns 1,664,330 shares of the specialty chemicals company’s stock valued at $85,813,000 after purchasing an additional 582,945 shares during the period. 93.46% of the stock is currently owned by hedge funds and other institutional investors.
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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, Construction Products and Engineering Adhesives. The Americas Adhesives, EIMEA and Asia Pacific operating segments produce and supply industrial adhesives products for applications in various markets, including durable assembly, nonwoven and hygiene, and textile.
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