Eagle Asset Management Inc. trimmed its position in shares of HB Fuller Co (NYSE:FUL) by 17.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 238,809 shares of the specialty chemicals company’s stock after selling 51,043 shares during the quarter. Eagle Asset Management Inc.’s holdings in HB Fuller were worth $12,864,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FUL. Public Employees Retirement System of Ohio lifted its holdings in shares of HB Fuller by 5.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,339 shares of the specialty chemicals company’s stock valued at $171,000 after buying an additional 172 shares during the period. Quantitative Systematic Strategies LLC bought a new position in shares of HB Fuller during the 3rd quarter valued at $424,000. Murphy Pohlad Asset Management LLC bought a new position in shares of HB Fuller during the 3rd quarter valued at $216,000. Crossmark Global Holdings Inc. bought a new position in shares of HB Fuller during the 3rd quarter valued at $611,000. Finally, Parametrica Management Ltd bought a new position in shares of HB Fuller during the 3rd quarter valued at $272,000. 94.76% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have recently weighed in on FUL. Citigroup cut HB Fuller from a “buy” rating to a “neutral” rating and set a $60.00 price target on the stock. in a report on Tuesday, October 31st. Zacks Investment Research raised HB Fuller from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a report on Monday, December 4th. ValuEngine cut HB Fuller from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Seaport Global Securities raised HB Fuller from a “neutral” rating to a “buy” rating and increased their price target for the company from $63.00 to $66.00 in a report on Thursday, January 25th. Finally, Deutsche Bank raised HB Fuller from a “hold” rating to a “buy” rating and increased their price target for the company from $60.00 to $62.00 in a report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $61.50.
HB Fuller Co (FUL) opened at $51.81 on Wednesday. HB Fuller Co has a twelve month low of $47.36 and a twelve month high of $58.74. The company has a market capitalization of $2,606.50, a price-to-earnings ratio of 20.68, a P/E/G ratio of 1.09 and a beta of 1.57. The company has a quick ratio of 1.56, a current ratio of 2.27 and a debt-to-equity ratio of 2.30.
HB Fuller (NYSE:FUL) last announced its earnings results on Tuesday, January 23rd. The specialty chemicals company reported $0.75 EPS for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.09). HB Fuller had a return on equity of 12.83% and a net margin of 2.53%. The company had revenue of $678.20 million during the quarter, compared to the consensus estimate of $613.58 million. analysts anticipate that HB Fuller Co will post 3.2 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Thursday, February 1st were issued a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, January 31st. This represents a $0.60 dividend on an annualized basis and a yield of 1.16%. HB Fuller’s dividend payout ratio is currently 53.10%.
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HB Fuller Profile
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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