H. B. Fuller Co. (NYSE:FUL) updated its FY16 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $2.45-2.50 for the period, compared to the Thomson Reuters consensus estimate of $2.53.
A number of equities research analysts recently commented on FUL shares. Zacks Investment Research upgraded H. B. Fuller from a hold rating to a buy rating and set a $53.00 target price on the stock in a research report on Tuesday, June 21st. Deutsche Bank AG upped their target price 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.
Shares of H. B. Fuller Co. (NYSE:FUL) opened at 48.07 on Thursday. H. B. Fuller Co. has a 12 month low of $30.72 and a 12 month high of $48.83. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 23.68 and a beta of 1.75. The company has a 50-day moving average price of $46.99 and a 200-day moving average price of $44.99.
H. B. Fuller (NYSE:FUL) last announced its earnings results on Wednesday, September 21st. The company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by $0.03. H. B. Fuller had a net margin of 5.00% and a return on equity of 13.65%. During the same period in the previous year, the firm earned $0.61 EPS. On average, analysts expect that H. B. Fuller Co. will post $2.54 EPS for the current fiscal year.
In other H. B. Fuller news, VP Timothy J. Keenan sold 8,037 shares of the stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $46.03, for a total value of $369,943.11. Following the sale, the vice president now owns 22,142 shares of the company’s stock, valued at approximately $1,019,196.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James Owens sold 55,048 shares of the stock in a transaction dated 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 completion of the sale, the insider now directly owns 151,293 shares in the company, valued at approximately $7,024,533.99. The disclosure for this sale can be found here. 3.55% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the stock. BlackRock Fund Advisors raised its stake in H. B. Fuller by 3.4% in the second quarter. BlackRock Fund Advisors now owns 3,331,107 shares of the company’s stock worth $146,535,000 after buying an additional 109,588 shares in the last quarter. Adage Capital Partners GP L.L.C. bought a new stake in H. B. Fuller during the second quarter worth about $4,399,000. TIAA CREF Investment Management LLC raised its stake in H. B. Fuller by 17.0% in the second quarter. TIAA CREF Investment Management LLC now owns 266,792 shares of the company’s stock worth $11,736,000 after buying an additional 38,813 shares in the last quarter. AHL Partners LLP raised its stake in H. B. Fuller by 248.9% in the second quarter. AHL Partners LLP now owns 52,731 shares of the company’s stock worth $2,320,000 after buying an additional 37,617 shares in the last quarter. Finally, Allianz Asset Management AG bought a new stake in H. B. Fuller during the second quarter worth about $1,207,000. 89.00% of the stock is currently owned by institutional investors.
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, 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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