Macquarie Group Ltd. reduced its position in HB Fuller Co (NYSE:FUL) by 10.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,529,161 shares of the specialty chemicals company’s stock after selling 169,187 shares during the quarter. Macquarie Group Ltd. owned about 3.03% of HB Fuller worth $82,376,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in FUL. Zions Bancorporation bought a new stake in HB Fuller during the third quarter valued at approximately $156,000. Public Employees Retirement System of Ohio lifted its position in HB Fuller by 5.4% during the second quarter. Public Employees Retirement System of Ohio now owns 3,339 shares of the specialty chemicals company’s stock valued at $171,000 after purchasing an additional 172 shares during the last quarter. Reynders McVeigh Capital Management LLC bought a new stake in HB Fuller during the third quarter valued at approximately $203,000. Koch Industries Inc. bought a new stake in HB Fuller during the fourth quarter valued at approximately $205,000. Finally, Capital Fund Management S.A. bought a new stake in HB Fuller during the fourth quarter valued at approximately $242,000. Institutional investors own 93.78% of the company’s stock.
Shares of FUL stock traded down $1.22 during trading hours on Friday, hitting $48.74. 565,296 shares of the company’s stock were exchanged, compared to its average volume of 488,427. The company has a market capitalization of $2,462.69, a PE ratio of 19.50, a price-to-earnings-growth ratio of 0.98 and a beta of 1.55. HB Fuller Co has a 12-month low of $46.62 and a 12-month high of $58.74. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.56 and a current ratio of 2.14.
HB Fuller (NYSE:FUL) last posted its quarterly earnings results on Wednesday, March 28th. The specialty chemicals company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. HB Fuller had a net margin of 3.62% and a return on equity of 11.69%. The firm had revenue of $713.08 million for the quarter, compared to the consensus estimate of $663.98 million. research analysts predict that HB Fuller Co will post 3.22 EPS for the current year.
Several equities research analysts have issued reports on FUL shares. Deutsche Bank upgraded shares of HB Fuller from a “hold” rating to a “buy” rating and lifted their target price for the company from $60.00 to $62.00 in a research report on Thursday, January 25th. JPMorgan Chase upgraded shares of HB Fuller from a “neutral” rating to an “overweight” rating in a research report on Friday, February 9th. Zacks Investment Research downgraded shares of HB Fuller from a “buy” rating to a “hold” rating in a research note on Monday, December 11th. TheStreet downgraded shares of HB Fuller from a “b” rating to a “c+” rating in a research note on Monday, February 26th. Finally, Seaport Global Securities raised shares of HB Fuller from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $63.00 to $66.00 in a research note on Thursday, January 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $60.50.
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HB Fuller Company Profile
H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, and other specialty chemical products worldwide. The company operates through six segments: Americas Adhesives; EIMEA (Europe, India, Middle East and Africa); Asia Pacific; Construction Products; Engineering Adhesives; and Royal Adhesives.
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