Papp L Roy & Associates continued to hold its position in H. B. Fuller Co. (NYSE:FUL) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 9,480 shares of the company’s stock at the end of the second quarter. Papp L Roy & Associates’ holdings in H. B. Fuller were worth $417,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of FUL. Capstone Asset Management Co. increased its position in H. B. Fuller by 1.4% in the second quarter. Capstone Asset Management Co. now owns 16,526 shares of the company’s stock worth $727,000 after buying an additional 230 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in H. B. Fuller by 2.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,244,741 shares of the company’s stock worth $52,839,000 after buying an additional 33,211 shares during the last quarter. BlackRock Group LTD increased its position in H. B. Fuller by 8.4% in the first quarter. BlackRock Group LTD now owns 62,861 shares of the company’s stock worth $2,669,000 after buying an additional 4,853 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in H. B. Fuller during the first quarter worth about $438,000. Finally, Ngam Advisors L.P. increased its position in H. B. Fuller by 16.6% in the first quarter. Ngam Advisors L.P. now owns 17,271 shares of the company’s stock worth $733,000 after buying an additional 2,465 shares during the last quarter. Institutional investors own 89.00% of the company’s stock.
Shares of H. B. Fuller Co. (NYSE:FUL) traded down 1.26% during mid-day trading on Tuesday, reaching $45.55. 165,862 shares of the company traded hands. The stock’s 50 day moving average is $46.77 and its 200 day moving average is $45.35. The stock has a market capitalization of $2.29 billion, a PE ratio of 21.19 and a beta of 1.69. H. B. Fuller Co. has a 52-week low of $32.49 and a 52-week high of $48.83.
H. B. Fuller (NYSE:FUL) last released its quarterly earnings results on Wednesday, September 21st. The company reported $0.64 EPS for the quarter, missing the Zacks’ consensus estimate of $0.67 by $0.03. H. B. Fuller had a net margin of 5.32% and a return on equity of 13.66%. During the same quarter in the prior year, the business posted $0.61 earnings per share. On average, analysts anticipate that H. B. Fuller Co. will post $2.48 earnings per share for the current year.
FUL has been the topic of a number of recent research reports. Deutsche Bank AG reduced their price target on shares of H. B. Fuller from $50.00 to $47.00 and set a “hold” rating on the stock in a research report on Friday, September 23rd. Citigroup Inc. initiated coverage on shares of H. B. Fuller in a research report on Thursday, September 29th. They issued a “buy” rating and a $53.00 price target on the stock. Zacks Investment Research downgraded shares of H. B. Fuller from a “hold” rating to a “sell” rating in a research report on Monday, August 22nd. Finally, Seaport Global Securities upgraded shares of H. B. Fuller from an “accumulate” rating to a “buy” rating and raised their price target for the stock from $50.00 to $51.00 in a research report on Monday, September 26th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $50.00.
In other news, VP Timothy J. Keenan sold 8,037 shares of H. B. Fuller stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $46.03, for a total value of $369,943.11. Following the transaction, the vice president now owns 22,142 shares of the company’s stock, valued at $1,019,196.26. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP James R. Giertz sold 25,000 shares of H. B. Fuller stock in a transaction that occurred on Tuesday, September 27th. The shares were sold at an average price of $45.79, for a total transaction of $1,144,750.00. Following the completion of the transaction, the vice president now directly owns 108,121 shares in the company, valued at approximately $4,950,860.59. The disclosure for this sale can be found here. 3.55% of the stock is currently owned by insiders.
H. B. Fuller Company 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, 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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