Bank of America Corp DE Has $1.94 Million Position in HB Fuller Co (FUL)

Bank of America Corp DE cut its holdings in HB Fuller Co (NYSE:FUL) by 16.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,225 shares of the specialty chemicals company’s stock after selling 6,977 shares during the quarter. Bank of America Corp DE’s holdings in HB Fuller were worth $1,944,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC lifted its position in HB Fuller by 77.5% in the 2nd quarter. SG Americas Securities LLC now owns 24,360 shares of the specialty chemicals company’s stock valued at $1,308,000 after acquiring an additional 10,633 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in HB Fuller by 9.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 398,043 shares of the specialty chemicals company’s stock valued at $21,367,000 after buying an additional 33,956 shares during the last quarter. Engineers Gate Manager LP raised its stake in HB Fuller by 106.5% during the 2nd quarter. Engineers Gate Manager LP now owns 46,041 shares of the specialty chemicals company’s stock valued at $2,471,000 after buying an additional 23,750 shares during the last quarter. Raymond James & Associates raised its stake in HB Fuller by 4.6% during the 2nd quarter. Raymond James & Associates now owns 108,190 shares of the specialty chemicals company’s stock valued at $5,808,000 after buying an additional 4,762 shares during the last quarter. Finally, US Bancorp DE raised its stake in HB Fuller by 5.6% during the 2nd quarter. US Bancorp DE now owns 97,584 shares of the specialty chemicals company’s stock valued at $5,238,000 after buying an additional 5,218 shares during the last quarter. 97.65% of the stock is currently owned by institutional investors and hedge funds.

Shares of FUL opened at $46.08 on Friday. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 18.43, a P/E/G ratio of 0.82 and a beta of 1.46. The company has a quick ratio of 1.48, a current ratio of 2.25 and a debt-to-equity ratio of 2.03. HB Fuller Co has a 1-year low of $41.26 and a 1-year high of $59.58.

HB Fuller (NYSE:FUL) last announced its earnings results on Wednesday, September 26th. The specialty chemicals company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.04). The company had revenue of $770.11 million for the quarter, compared to analysts’ expectations of $784.75 million. HB Fuller had a net margin of 4.14% and a return on equity of 13.41%. Sell-side analysts expect that HB Fuller Co will post 3.11 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 1st. Stockholders of record on Thursday, October 18th were paid a $0.155 dividend. The ex-dividend date of this dividend was Wednesday, October 17th. This represents a $0.62 annualized dividend and a dividend yield of 1.35%. HB Fuller’s dividend payout ratio (DPR) is 24.80%.

A number of brokerages have weighed in on FUL. Zacks Investment Research upgraded shares of HB Fuller from a “sell” rating to a “hold” rating in a research note on Monday, October 8th. ValuEngine lowered shares of HB Fuller from a “hold” rating to a “sell” rating in a research note on Friday, September 28th. Robert W. Baird decreased their target price on shares of HB Fuller from $60.00 to $55.00 and set a “neutral” rating for the company in a research note on Friday, September 28th. Finally, Deutsche Bank decreased their target price on shares of HB Fuller from $62.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, September 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $61.00.

WARNING: “Bank of America Corp DE Has $1.94 Million Position in HB Fuller Co (FUL)” was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright legislation. The legal version of this story can be accessed at https://www.dispatchtribunal.com/2018/11/11/bank-of-america-corp-de-has-1-94-million-position-in-hb-fuller-co-ful.html.

HB Fuller 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.

Featured Article: Earnings Per Share (EPS)

Want to see what other hedge funds are holding FUL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HB Fuller Co (NYSE:FUL).

Institutional Ownership by Quarter for HB Fuller (NYSE:FUL)

Receive News & Ratings for HB Fuller Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HB Fuller and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply