UBS Asset Management Americas Inc. cut its position in shares of H. B. Fuller Co. (NYSE:FUL) by 25.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 54,457 shares of the company’s stock after selling 18,415 shares during the period. UBS Asset Management Americas Inc. owned 0.11% of H. B. Fuller worth $2,396,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of FUL. Franklin Resources Inc. boosted its stake in H. B. Fuller by 3.1% in the first quarter. Franklin Resources Inc. now owns 2,680,846 shares of the company’s stock worth $113,801,000 after buying an additional 80,121 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of 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 period. Goldman Sachs Group Inc. raised its position in shares of H. B. Fuller by 268.6% in the first quarter. Goldman Sachs Group Inc. now owns 414,955 shares of the company’s stock worth $17,615,000 after buying an additional 302,369 shares during the period. Geode Capital Management LLC raised its position in shares of H. B. Fuller by 5.7% in the first quarter. Geode Capital Management LLC now owns 330,214 shares of the company’s stock worth $14,017,000 after buying an additional 17,908 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of H. B. Fuller by 3.8% in the second quarter. Ameriprise Financial Inc. now owns 244,148 shares of the company’s stock worth $10,739,000 after buying an additional 8,857 shares during the period. Institutional investors own 89.00% of the company’s stock.
Shares of H. B. Fuller Co. (NYSE:FUL) traded down 2.36% on Friday, hitting $45.50. The stock had a trading volume of 225,900 shares. The firm has a 50 day moving average price of $46.77 and a 200-day moving average price of $45.44. H. B. Fuller Co. has a 52 week low of $32.49 and a 52 week high of $48.83. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 21.16 and a beta of 1.69.
H. B. Fuller (NYSE:FUL) last released its quarterly earnings data on Wednesday, September 21st. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 period in the prior year, the firm earned $0.61 EPS. Analysts anticipate that H. B. Fuller Co. will post $2.48 EPS for the current year.
A number of research analysts have recently commented on the company. Deutsche Bank AG raised their price target on H. B. Fuller from $47.00 to $50.00 and gave the company a “hold” rating in a report on Friday, June 24th. Zacks Investment Research lowered H. B. Fuller from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th. Seaport Global Securities raised H. B. Fuller from an “accumulate” rating to a “buy” rating and raised their price target for the company from $50.00 to $51.00 in a report on Monday, September 26th. Finally, Citigroup Inc. assumed coverage on H. B. Fuller in a report on Thursday, September 29th. They set a “buy” rating and a $53.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. H. B. Fuller presently has an average rating of “Hold” and an average target price of $50.00.
In other news, insider James Owens sold 55,048 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $46.43, for a total transaction of $2,555,878.64. Following the sale, the insider now directly owns 151,293 shares in the company, valued at $7,024,533.99. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Timothy J. Keenan sold 8,037 shares of the business’s 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 sale, the vice president now owns 22,142 shares in the company, valued at $1,019,196.26. The disclosure for this sale can be found here. Insiders own 3.55% of the company’s stock.
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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