Victory Capital Management Inc. Sells 255,886 Shares of H. B. Fuller Company $FUL

Victory Capital Management Inc. lessened its stake in shares of H. B. Fuller Company (NYSE:FUL) by 18.1% in the third quarter, Holdings Channel reports. The institutional investor owned 1,161,382 shares of the specialty chemicals company’s stock after selling 255,886 shares during the quarter. Victory Capital Management Inc.’s holdings in H. B. Fuller were worth $68,847,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of FUL. Cooke & Bieler LP grew its position in shares of H. B. Fuller by 94.9% during the 3rd quarter. Cooke & Bieler LP now owns 1,481,030 shares of the specialty chemicals company’s stock valued at $87,795,000 after purchasing an additional 721,100 shares in the last quarter. Geode Capital Management LLC boosted 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 acquiring an additional 5,323 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of H. B. Fuller by 15.7% during the third quarter. JPMorgan Chase & Co. now owns 708,422 shares of the specialty chemicals company’s stock worth $41,995,000 after purchasing an additional 96,374 shares in the last quarter. Norges Bank bought a new position in shares of H. B. Fuller in the second quarter worth approximately $40,584,000. Finally, Deprince Race & Zollo Inc. increased its position in shares of H. B. Fuller by 80.4% in the third quarter. Deprince Race & Zollo Inc. now owns 555,877 shares of the specialty chemicals company’s stock worth $32,952,000 after purchasing an additional 247,815 shares during the last quarter. Institutional investors own 95.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on FUL shares. Citigroup boosted their price target on shares of H. B. Fuller from $70.00 to $76.00 and gave the stock a “buy” rating in a research note on Friday, January 16th. Weiss Ratings reissued a “hold (c)” rating on shares of H. B. Fuller in a research note on Monday, December 29th. Wall Street Zen upgraded H. B. Fuller from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of H. B. Fuller in a research note on Friday, January 16th. Finally, UBS Group set a $66.00 price objective on H. B. Fuller in a report on Friday, January 16th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $67.75.

H. B. Fuller Price Performance

FUL opened at $61.74 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.70 and a quick ratio of 1.06. H. B. Fuller Company has a 1 year low of $47.56 and a 1 year high of $68.63. The stock’s 50 day simple moving average is $63.28 and its 200 day simple moving average is $60.70. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 20.58, a PEG ratio of 0.96 and a beta of 1.07.

H. B. Fuller (NYSE:FUL) last released its quarterly earnings results on Thursday, January 15th. The specialty chemicals company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.04. The business had revenue of $894.79 million during the quarter, compared to analyst estimates of $901.34 million. H. B. Fuller had a return on equity of 12.21% and a net margin of 4.38%.H. B. Fuller’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.92 EPS. As a group, analysts predict that H. B. Fuller Company will post 4.07 earnings per share for the current year.

H. B. Fuller Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Thursday, February 5th were issued a $0.235 dividend. The ex-dividend date was Thursday, February 5th. This represents a $0.94 annualized dividend and a yield of 1.5%. H. B. Fuller’s payout ratio is 31.33%.

About H. B. Fuller

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.