Muhammad Shahbaz Malik Sells 14,000 Shares of H.B. Fuller (NYSE:FUL) Stock

H.B. Fuller (NYSE:FULGet Free Report) VP Muhammad Shahbaz Malik sold 14,000 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $76.28, for a total transaction of $1,067,920.00. Following the sale, the vice president now directly owns 9,089 shares in the company, valued at $693,308.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

H.B. Fuller Trading Up 1.5 %

H.B. Fuller stock opened at $77.34 on Friday. The company’s fifty day simple moving average is $78.86 and its 200-day simple moving average is $73.57. The company has a quick ratio of 1.26, a current ratio of 1.89 and a debt-to-equity ratio of 1.05. H.B. Fuller has a 12 month low of $62.57 and a 12 month high of $83.64. The stock has a market cap of $4.19 billion, a P/E ratio of 29.86, a P/E/G ratio of 1.21 and a beta of 1.52.

H.B. Fuller (NYSE:FULGet Free Report) last issued its quarterly earnings data on Thursday, January 18th. The specialty chemicals company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.05. The firm had revenue of $903.00 million during the quarter, compared to analysts’ expectations of $929.85 million. H.B. Fuller had a net margin of 4.13% and a return on equity of 12.73%. H.B. Fuller’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.04 earnings per share. As a group, sell-side analysts forecast that H.B. Fuller will post 4.35 EPS for the current fiscal year.

H.B. Fuller Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 21st. Investors of record on Wednesday, February 7th will be issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date is Tuesday, February 6th. H.B. Fuller’s dividend payout ratio is presently 31.66%.

Institutional Investors Weigh In On H.B. Fuller

A number of large investors have recently bought and sold shares of the business. Neuberger Berman Group LLC boosted its holdings in H.B. Fuller by 1.6% in the fourth quarter. Neuberger Berman Group LLC now owns 11,353 shares of the specialty chemicals company’s stock worth $924,000 after purchasing an additional 179 shares in the last quarter. Financial Engines Advisors L.L.C. boosted its holdings in H.B. Fuller by 9.7% in the second quarter. Financial Engines Advisors L.L.C. now owns 5,659 shares of the specialty chemicals company’s stock worth $405,000 after purchasing an additional 501 shares in the last quarter. Eagle Bay Advisors LLC bought a new stake in H.B. Fuller during the second quarter valued at about $33,000. Harbor Capital Advisors Inc. boosted its holdings in H.B. Fuller by 2.2% during the third quarter. Harbor Capital Advisors Inc. now owns 33,543 shares of the specialty chemicals company’s stock valued at $2,301,000 after acquiring an additional 728 shares during the period. Finally, Teachers Retirement System of The State of Kentucky boosted its holdings in H.B. Fuller by 5.6% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 17,496 shares of the specialty chemicals company’s stock valued at $1,251,000 after acquiring an additional 933 shares during the period. 94.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on FUL shares. Robert W. Baird reissued a “neutral” rating and set a $80.00 target price on shares of H.B. Fuller in a research note on Friday, January 19th. Stifel Nicolaus boosted their target price on shares of H.B. Fuller from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, January 19th. Finally, StockNews.com upgraded shares of H.B. Fuller from a “hold” rating to a “buy” rating in a report on Thursday, January 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $83.25.

Check Out Our Latest Report on FUL

About H.B. Fuller

(Get Free Report)

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products in North America, Europe, Latin America, Asia Pacific, India, the Middle East, Africa, and internationally.

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