First Trust Advisors LP Raises Stock Position in H. B. Fuller Company $FUL

First Trust Advisors LP raised its holdings in shares of H. B. Fuller Company (NYSE:FUL) by 32.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,649 shares of the specialty chemicals company’s stock after acquiring an additional 10,340 shares during the quarter. First Trust Advisors LP owned approximately 0.08% of H. B. Fuller worth $2,631,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Allworth Financial LP grew its position in shares of H. B. Fuller by 50.1% during the fourth quarter. Allworth Financial LP now owns 578 shares of the specialty chemicals company’s stock worth $34,000 after purchasing an additional 193 shares in the last quarter. Hantz Financial Services Inc. raised its stake in H. B. Fuller by 432.9% during the 4th quarter. Hantz Financial Services Inc. now owns 778 shares of the specialty chemicals company’s stock valued at $46,000 after purchasing an additional 632 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in H. B. Fuller during the 4th quarter valued at approximately $46,000. Torren Management LLC purchased a new position in H. B. Fuller in the 4th quarter worth approximately $52,000. Finally, Brown Brothers Harriman & Co. purchased a new position in H. B. Fuller in the 3rd quarter worth approximately $56,000. 95.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on FUL shares. Royal Bank Of Canada set a $58.00 price objective on shares of H. B. Fuller in a report on Wednesday, May 27th. Weiss Ratings reissued a “hold (c)” rating on shares of H. B. Fuller in a report on Tuesday, June 30th. Wall Street Zen lowered shares of H. B. Fuller from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 25th. The Goldman Sachs Group set a $67.00 target price on shares of H. B. Fuller in a research note on Friday, June 26th. Finally, JPMorgan Chase & Co. upgraded shares of H. B. Fuller from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $58.00 to $67.00 in a report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $67.86.

H. B. Fuller Stock Performance

NYSE FUL opened at $61.05 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.80 and a quick ratio of 1.12. H. B. Fuller Company has a 1-year low of $48.71 and a 1-year high of $68.63. The business has a 50 day simple moving average of $59.35 and a two-hundred day simple moving average of $60.45. The stock has a market capitalization of $3.28 billion, a PE ratio of 18.73, a P/E/G ratio of 0.64 and a beta of 0.98.

H. B. Fuller (NYSE:FUL) last issued its quarterly earnings data on Thursday, June 25th. The specialty chemicals company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.04. The business had revenue of $950.27 million for the quarter, compared to analysts’ expectations of $924.83 million. H. B. Fuller had a return on equity of 12.18% and a net margin of 5.29%.The company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.18 EPS. On average, research analysts predict that H. B. Fuller Company will post 4.87 EPS for the current fiscal year.

H. B. Fuller Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Thursday, July 30th will be paid a dividend of $0.245 per share. The ex-dividend date of this dividend is Thursday, July 30th. This represents a $0.98 dividend on an annualized basis and a yield of 1.6%. H. B. Fuller’s dividend payout ratio is presently 30.06%.

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.