Prudential Financial Inc. boosted its position in shares of H. B. Fuller Co. (NYSE:FUL) by 1.4% during the second quarter, Holdings Channel reports. The firm owned 142,842 shares of the company’s stock after buying an additional 2,000 shares during the period. Prudential Financial Inc. owned approximately 0.28% of H. B. Fuller worth $6,284,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Aperio Group LLC boosted its position in H. B. Fuller by 37.5% in the first quarter. Aperio Group LLC now owns 12,287 shares of the company’s stock worth $522,000 after buying an additional 3,349 shares during the period. Ngam Advisors L.P. boosted 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 period. BlackRock Inc. boosted its position in H. B. Fuller by 9.9% in the first quarter. BlackRock Inc. now owns 54,863 shares of the company’s stock worth $2,328,000 after buying an additional 4,923 shares during the period. BlackRock Group LTD boosted 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 period. Finally, BlackRock Institutional Trust Company N.A. boosted 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 period. Institutional investors own 89.02% of the company’s stock.
Shares of H. B. Fuller Co. (NYSE:FUL) opened at 45.84 on Tuesday. H. B. Fuller Co. has a one year low of $32.49 and a one year high of $48.83. The firm has a 50-day moving average of $46.75 and a 200-day moving average of $45.54. The company has a market capitalization of $2.31 billion, a P/E ratio of 21.32 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 for the quarter, missing the Zacks’ consensus estimate of $0.67 by $0.03. H. B. Fuller had a return on equity of 13.66% and a net margin of 5.32%. During the same quarter last year, the business posted $0.61 earnings per share. Analysts forecast 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 analyst reports. Zacks Investment Research upgraded shares of H. B. Fuller from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research note on Tuesday, June 21st. Deutsche Bank AG lifted their target price on shares of H. B. Fuller from $47.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, June 24th. Seaport Global Securities upgraded shares of H. B. Fuller from an “accumulate” rating to a “buy” rating and lifted their target price for the company from $50.00 to $51.00 in a research note on Monday, September 26th. Finally, Citigroup Inc. initiated coverage on shares of H. B. Fuller in a report on Thursday, September 29th. They issued a “buy” rating and a $53.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $50.00.
In related news, VP James R. Giertz sold 25,000 shares of the stock in a transaction 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 sale, the vice president now directly owns 108,121 shares of the company’s stock, valued at $4,950,860.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider James Owens sold 55,048 shares of the stock in a transaction 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 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.
Want to see what other hedge funds are holding FUL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for H. B. Fuller Co. (NYSE:FUL).
Receive News & Ratings for H. B. Fuller Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for H. B. Fuller Co. and related companies with MarketBeat.com's FREE daily email newsletter.