Chatham Capital Group Inc. continued to hold its position in H. B. Fuller Co. (NYSE:FUL) during the second quarter, Holdings Channel reports. The fund owned 17,795 shares of the company’s stock at the end of the second quarter. Chatham Capital Group Inc.’s holdings in H. B. Fuller were worth $783,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Capstone Asset Management Co. raised 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 valued at $727,000 after buying an additional 230 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised 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 valued at $52,839,000 after buying an additional 33,211 shares in the last quarter. BlackRock Group LTD raised 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 valued at $2,669,000 after buying an additional 4,853 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new position in H. B. Fuller during the first quarter valued at about $438,000. Finally, Ngam Advisors L.P. raised 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 valued at $733,000 after buying an additional 2,465 shares in the last quarter. 89.01% of the stock is owned by hedge funds and other institutional investors.
H. B. Fuller Co. (NYSE:FUL) traded up 0.59% during midday trading on Tuesday, reaching $44.08. The company had a trading volume of 80,077 shares. The company has a market capitalization of $2.22 billion, a P/E ratio of 20.50 and a beta of 1.69. H. B. Fuller Co. has a 1-year low of $32.49 and a 1-year high of $48.83. The firm has a 50-day moving average of $46.34 and a 200 day moving average of $45.59.
H. B. Fuller (NYSE:FUL) last announced its quarterly earnings data on Wednesday, September 21st. The company reported $0.64 EPS for the quarter, missing the Thomson Reuters’ 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 period in the prior year, the company posted $0.61 earnings per share. On average, equities research analysts forecast that H. B. Fuller Co. will post $2.48 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 10th. Stockholders of record on Thursday, October 27th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Tuesday, October 25th. H. B. Fuller’s payout ratio is 26.05%.
Several equities analysts have recently issued reports on FUL shares. Deutsche Bank AG lowered their price target on H. B. Fuller from $50.00 to $47.00 and set a “hold” rating for the company in a research report on Friday, September 23rd. Citigroup Inc. started coverage on H. B. Fuller in a research report on Thursday, September 29th. They issued a “buy” rating and a $53.00 price target for the company. Zacks Investment Research lowered H. B. Fuller from a “hold” rating to a “sell” rating in a research report on Monday, August 22nd. Finally, Seaport Global Securities raised H. B. Fuller from an “accumulate” rating to a “buy” rating and lifted their price target for the stock from $50.00 to $51.00 in a research report on Monday, September 26th. One 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’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $50.00.
In other news, VP Timothy J. Keenan sold 8,037 shares of the stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $46.03, for a total transaction of $369,943.11. Following the transaction, the vice president now owns 22,142 shares of the company’s stock, valued at approximately $1,019,196.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP James R. Giertz sold 25,000 shares of the stock in a transaction on Thursday, October 6th. The stock was sold at an average price of $46.37, for a total value of $1,159,250.00. The disclosure for this sale can be found here. Insiders own 3.55% of the company’s stock.
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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