H. B. Fuller Company $FUL Shares Bought by QRG Capital Management Inc.

QRG Capital Management Inc. raised its position in H. B. Fuller Company (NYSE:FUL) by 19.1% in the 2nd quarter, Holdings Channel reports. The fund owned 8,147 shares of the specialty chemicals company’s stock after acquiring an additional 1,309 shares during the period. QRG Capital Management Inc.’s holdings in H. B. Fuller were worth $490,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in FUL. Parallel Advisors LLC lifted its stake in shares of H. B. Fuller by 141.6% in the 2nd quarter. Parallel Advisors LLC now owns 534 shares of the specialty chemicals company’s stock worth $32,000 after acquiring an additional 313 shares during the period. Strs Ohio acquired a new stake in shares of H. B. Fuller in the 1st quarter worth $101,000. Signaturefd LLC lifted its stake in shares of H. B. Fuller by 20.5% in the 2nd quarter. Signaturefd LLC now owns 1,743 shares of the specialty chemicals company’s stock worth $105,000 after acquiring an additional 297 shares during the period. GAMMA Investing LLC lifted its stake in shares of H. B. Fuller by 119.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,952 shares of the specialty chemicals company’s stock worth $178,000 after acquiring an additional 1,604 shares during the period. Finally, Neuberger Berman Group LLC lifted its stake in shares of H. B. Fuller by 25.4% in the 1st quarter. Neuberger Berman Group LLC now owns 6,538 shares of the specialty chemicals company’s stock worth $367,000 after acquiring an additional 1,323 shares during the period. Institutional investors and hedge funds own 95.93% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Robert W. Baird raised their target price on shares of H. B. Fuller from $60.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, June 27th. JPMorgan Chase & Co. increased their price target on shares of H. B. Fuller from $50.00 to $54.00 and gave the company an “underweight” rating in a report on Friday, June 27th. Seaport Res Ptn upgraded shares of H. B. Fuller from a “hold” rating to a “strong-buy” rating in a report on Friday, September 26th. Citigroup cut their price target on shares of H. B. Fuller from $70.00 to $62.00 and set a “neutral” rating for the company in a report on Friday, September 26th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of H. B. Fuller in a report on Saturday, September 27th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $65.75.

Insiders Place Their Bets

In related news, VP Joao Magalhaes sold 1,099 shares of the company’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $56.31, for a total value of $61,884.69. Following the completion of the sale, the vice president owned 3,285 shares of the company’s stock, valued at $184,978.35. This represents a 25.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.99% of the stock is owned by insiders.

H. B. Fuller Stock Performance

NYSE:FUL opened at $57.06 on Friday. The company has a current ratio of 1.93, a quick ratio of 1.18 and a debt-to-equity ratio of 1.06. The firm has a 50-day moving average price of $59.71 and a two-hundred day moving average price of $57.56. H. B. Fuller Company has a twelve month low of $47.56 and a twelve month high of $81.03. The company has a market capitalization of $3.09 billion, a P/E ratio of 30.84, a price-to-earnings-growth ratio of 1.05 and a beta of 1.12.

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

H. B. Fuller Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Investors of record on Thursday, October 16th will be issued a $0.235 dividend. The ex-dividend date of this dividend is Thursday, October 16th. This represents a $0.94 annualized dividend and a yield of 1.6%. H. B. Fuller’s dividend payout ratio is presently 50.81%.

H. B. Fuller Company Profile

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products. It operates through three segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Construction Adhesives.