H.B. Fuller (NYSE:FUL) Trading 3.6% Higher on Strong Earnings

H.B. Fuller (NYSE:FULGet Rating)’s share price traded up 3.6% during trading on Thursday following a stronger than expected earnings report. The company traded as high as $61.99 and last traded at $61.99. 9,697 shares were traded during trading, a decline of 96% from the average session volume of 222,134 shares. The stock had previously closed at $59.84.

The specialty chemicals company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.01. H.B. Fuller had a net margin of 5.09% and a return on equity of 12.95%. The company had revenue of $941.20 million for the quarter, compared to analysts’ expectations of $944.11 million. During the same quarter last year, the business earned $0.79 EPS. The firm’s revenue was up 13.8% compared to the same quarter last year.

H.B. Fuller Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 28th. Investors of record on Thursday, July 14th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend was Wednesday, July 13th. H.B. Fuller’s dividend payout ratio (DPR) is presently 22.96%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered shares of H.B. Fuller from a “neutral” rating to an “underweight” rating and cut their target price for the company from $70.00 to $52.00 in a report on Friday, June 24th. Deutsche Bank Aktiengesellschaft cut their target price on shares of H.B. Fuller from $85.00 to $72.00 and set a “buy” rating for the company in a report on Friday, June 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, H.B. Fuller currently has an average rating of “Hold” and an average price target of $71.00.

Insiders Place Their Bets

In other H.B. Fuller news, VP Nathan D. Weaver sold 5,988 shares of H.B. Fuller stock in a transaction on Monday, July 25th. The shares were sold at an average price of $62.82, for a total transaction of $376,166.16. Following the completion of the transaction, the vice president now directly owns 3,766 shares of the company’s stock, valued at $236,580.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Nathan D. Weaver sold 5,988 shares of H.B. Fuller stock in a transaction on Monday, July 25th. The stock was sold at an average price of $62.82, for a total transaction of $376,166.16. Following the completion of the sale, the vice president now directly owns 3,766 shares in the company, valued at $236,580.12. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Trangsrud Teresa J. Rasmussen bought 1,000 shares of the firm’s stock in a transaction dated Tuesday, July 5th. The shares were acquired at an average price of $58.20 per share, with a total value of $58,200.00. Following the completion of the transaction, the director now owns 1,000 shares of the company’s stock, valued at approximately $58,200. The disclosure for this purchase can be found here. 4.69% of the stock is owned by insiders.

Institutional Trading of H.B. Fuller

Institutional investors and hedge funds have recently made changes to their positions in the business. Eagle Bay Advisors LLC bought a new stake in shares of H.B. Fuller during the second quarter worth $33,000. Russell Investments Group Ltd. raised its holdings in shares of H.B. Fuller by 40.5% in the first quarter. Russell Investments Group Ltd. now owns 5,598 shares of the specialty chemicals company’s stock valued at $369,000 after acquiring an additional 1,613 shares in the last quarter. Mutual of America Capital Management LLC raised its holdings in shares of H.B. Fuller by 6.0% in the first quarter. Mutual of America Capital Management LLC now owns 7,613 shares of the specialty chemicals company’s stock valued at $503,000 after acquiring an additional 434 shares in the last quarter. Sciencast Management LP bought a new stake in shares of H.B. Fuller in the second quarter valued at about $564,000. Finally, Castleview Partners LLC bought a new stake in shares of H.B. Fuller in the fourth quarter valued at about $127,000. 96.38% of the stock is currently owned by institutional investors.

H.B. Fuller Price Performance

The company has a debt-to-equity ratio of 1.18, a current ratio of 1.95 and a quick ratio of 1.20. The firm has a fifty day moving average of $64.78 and a two-hundred day moving average of $65.69. The stock has a market capitalization of $3.28 billion, a P/E ratio of 18.63 and a beta of 1.54.

H.B. Fuller Company Profile

(Get Rating)

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products worldwide. The company operates through three segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Construction Adhesives.

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