Ceredex Value Advisors LLC Takes Position in H. B. Fuller Company $FUL

Ceredex Value Advisors LLC bought a new position in shares of H. B. Fuller Company (NYSE:FUL) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 189,150 shares of the specialty chemicals company’s stock, valued at approximately $11,213,000.

Several other hedge funds have also added to or reduced their stakes in FUL. California State Teachers Retirement System boosted its stake in H. B. Fuller by 0.3% in the 2nd quarter. California State Teachers Retirement System now owns 50,486 shares of the specialty chemicals company’s stock valued at $3,037,000 after purchasing an additional 173 shares during the period. Nisa Investment Advisors LLC grew its holdings in H. B. Fuller by 1.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 24,867 shares of the specialty chemicals company’s stock valued at $1,474,000 after buying an additional 251 shares in the last quarter. Cerity Partners LLC increased its position in H. B. Fuller by 2.3% during the 2nd quarter. Cerity Partners LLC now owns 11,499 shares of the specialty chemicals company’s stock worth $692,000 after buying an additional 261 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of H. B. Fuller by 2.8% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 10,177 shares of the specialty chemicals company’s stock worth $603,000 after buying an additional 273 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its holdings in shares of H. B. Fuller by 1.3% during the second quarter. Corient Private Wealth LLC now owns 23,835 shares of the specialty chemicals company’s stock worth $1,434,000 after buying an additional 303 shares in the last quarter. 95.93% of the stock is owned by institutional investors and hedge funds.

H. B. Fuller Stock Performance

FUL opened at $58.49 on Wednesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.06 and a current ratio of 1.70. H. B. Fuller Company has a 52-week low of $47.56 and a 52-week high of $68.63. The firm has a market cap of $3.19 billion, a P/E ratio of 19.50, a price-to-earnings-growth ratio of 0.88 and a beta of 1.07. The business’s fifty day moving average is $63.15 and its 200-day moving average is $60.69.

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

H. B. Fuller Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Thursday, February 5th were given a dividend of $0.235 per share. The ex-dividend date was Thursday, February 5th. This represents a $0.94 annualized dividend and a dividend yield of 1.6%. H. B. Fuller’s dividend payout ratio (DPR) is currently 31.33%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of H. B. Fuller in a research note on Monday, December 29th. Citigroup lifted their price objective 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. Wall Street Zen raised shares of H. B. Fuller from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of H. B. Fuller in a research report on Friday, January 16th. Finally, UBS Group set a $66.00 price target on shares of H. B. Fuller in a research report on Friday, January 16th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $67.75.

H. B. Fuller 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.