H. B. Fuller Company $FUL Shares Purchased by Davidson Investment Advisors

Davidson Investment Advisors raised its holdings in shares of H. B. Fuller Company (NYSE:FUL) by 4.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 215,554 shares of the specialty chemicals company’s stock after purchasing an additional 8,748 shares during the period. Davidson Investment Advisors owned about 0.40% of H. B. Fuller worth $12,778,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Geode Capital Management LLC grew its position in shares of H. B. Fuller by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 1,286,348 shares of the specialty chemicals company’s stock valued at $77,383,000 after buying an additional 5,323 shares during the last quarter. Cooke & Bieler LP boosted its stake in H. B. Fuller by 15.8% in the second quarter. Cooke & Bieler LP now owns 759,930 shares of the specialty chemicals company’s stock valued at $45,710,000 after acquiring an additional 103,660 shares during the period. Norges Bank bought a new position in shares of H. B. Fuller during the second quarter valued at approximately $40,584,000. JPMorgan Chase & Co. lifted its holdings in shares of H. B. Fuller by 16.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 612,048 shares of the specialty chemicals company’s stock worth $36,815,000 after purchasing an additional 85,469 shares during the last quarter. Finally, Deprince Race & Zollo Inc. boosted its position in H. B. Fuller by 80.4% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 555,877 shares of the specialty chemicals company’s stock valued at $32,952,000 after purchasing an additional 247,815 shares during the period. 95.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on FUL shares. Seaport Res Ptn raised H. B. Fuller from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 26th. Weiss Ratings reissued a “hold (c)” rating on shares of H. B. Fuller in a report on Monday. Wall Street Zen cut shares of H. B. Fuller from a “buy” rating to a “hold” rating in a report on Monday, November 24th. UBS Group started coverage on shares of H. B. Fuller in a research report on Friday, November 21st. They issued a “neutral” rating and a $60.00 price objective on the stock. Finally, Citigroup upgraded shares of H. B. Fuller from a “neutral” rating to a “buy” rating and upped their target price for the stock from $62.00 to $70.00 in a research report on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, H. B. Fuller currently has a consensus rating of “Moderate Buy” and an average price target of $66.20.

Insider Buying and Selling

In other news, VP Nathan D. Weaver sold 7,075 shares of the stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $58.38, for a total transaction of $413,038.50. Following the completion of the sale, the vice president owned 9,441 shares in the company, valued at approximately $551,165.58. This represents a 42.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO John J. Corkrean sold 14,222 shares of H. B. Fuller stock in a transaction on Monday, October 27th. The stock was sold at an average price of $60.31, for a total value of $857,728.82. Following the completion of the transaction, the chief financial officer owned 54,646 shares in the company, valued at $3,295,700.26. The trade was a 20.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.99% of the stock is owned by insiders.

H. B. Fuller Stock Performance

Shares of NYSE FUL opened at $60.41 on Friday. H. B. Fuller Company has a 1 year low of $47.56 and a 1 year high of $65.36. The firm has a market cap of $3.27 billion, a P/E ratio of 32.65, a PEG ratio of 0.96 and a beta of 1.10. The stock has a fifty day moving average price of $58.66 and a two-hundred day moving average price of $59.28. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.18 and a current ratio of 1.93.

H. B. Fuller (NYSE:FUL) last released its earnings results on Wednesday, April 13th. The specialty chemicals company reported $0.66 earnings per share (EPS) for the quarter. H. B. Fuller had a return on equity of 11.49% and a net margin of 3.28%.The firm had revenue of $725.90 million for the quarter. H. B. Fuller has set its FY 2022 guidance at $4.100-$4.350 EPS. Research analysts forecast that H. B. Fuller Company will post 4.07 EPS for the current fiscal year.

H. B. Fuller Company Profile

H. B. Fuller Company, founded in 1887 and headquartered in St. Paul, Minnesota, is a global adhesives and specialty chemical solutions provider serving a wide array of industries. The company develops, manufactures and markets adhesive technologies, sealants, polymers and related chemical products designed to enhance product performance, sustainability and manufacturing efficiency.

Fuller’s product portfolio spans multiple market segments, including packaging and converting, general industrial assembly, electronics, transportation, hygiene and construction.