Neuberger Berman Group LLC Acquires 179 Shares of H.B. Fuller (NYSE:FUL)

Neuberger Berman Group LLC lifted its holdings in shares of H.B. Fuller (NYSE:FULFree Report) by 1.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,353 shares of the specialty chemicals company’s stock after purchasing an additional 179 shares during the period. Neuberger Berman Group LLC’s holdings in H.B. Fuller were worth $924,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Public Employees Retirement Association of Colorado boosted its position in shares of H.B. Fuller by 2,588.7% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 335,119 shares of the specialty chemicals company’s stock valued at $27,282,000 after purchasing an additional 322,655 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in H.B. Fuller in the fourth quarter worth approximately $738,000. Partners Capital Investment Group LLP bought a new position in H.B. Fuller in the fourth quarter worth approximately $5,598,000. Arlington Trust Co LLC bought a new position in H.B. Fuller in the fourth quarter worth approximately $134,000. Finally, Wesbanco Bank Inc. boosted its holdings in H.B. Fuller by 90.2% in the third quarter. Wesbanco Bank Inc. now owns 9,700 shares of the specialty chemicals company’s stock worth $666,000 after acquiring an additional 4,600 shares in the last quarter. Institutional investors own 95.93% of the company’s stock.

Insider Activity at H.B. Fuller

In related news, EVP James J. East sold 22,316 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $78.27, for a total transaction of $1,746,673.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other H.B. Fuller news, EVP Zhiwei Cai sold 4,645 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $75.15, for a total transaction of $349,071.75. Following the completion of the transaction, the executive vice president now directly owns 30,663 shares of the company’s stock, valued at $2,304,324.45. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP James J. East sold 22,316 shares of the stock in a transaction on Monday, April 8th. The shares were sold at an average price of $78.27, for a total value of $1,746,673.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 34,253 shares of company stock valued at $2,669,188. 1.96% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Vertical Research assumed coverage on H.B. Fuller in a report on Tuesday, March 19th. They issued a “buy” rating and a $88.00 price target on the stock. Robert W. Baird increased their price target on H.B. Fuller from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Monday, April 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, H.B. Fuller has a consensus rating of “Hold” and a consensus target price of $86.20.

Read Our Latest Report on FUL

H.B. Fuller Stock Performance

Shares of H.B. Fuller stock opened at $76.01 on Tuesday. The company has a market cap of $4.14 billion, a PE ratio of 27.64, a price-to-earnings-growth ratio of 1.21 and a beta of 1.48. H.B. Fuller has a 52 week low of $62.62 and a 52 week high of $84.31. The business has a 50 day moving average price of $77.94 and a 200-day moving average price of $78.42. The company has a quick ratio of 1.23, a current ratio of 1.99 and a debt-to-equity ratio of 1.03.

H.B. Fuller (NYSE:FULGet Free Report) last issued its quarterly earnings data on Wednesday, March 27th. The specialty chemicals company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.64 by $0.03. The firm had revenue of $810.42 million during the quarter, compared to the consensus estimate of $823.04 million. H.B. Fuller had a return on equity of 12.88% and a net margin of 4.39%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.55 earnings per share. Equities analysts anticipate that H.B. Fuller will post 4.32 earnings per share for the current fiscal year.

H.B. Fuller Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 9th. Investors of record on Thursday, April 25th were given a dividend of $0.222 per share. This represents a $0.89 dividend on an annualized basis and a dividend yield of 1.17%. This is an increase from H.B. Fuller’s previous quarterly dividend of $0.21. The ex-dividend date was Wednesday, April 24th. H.B. Fuller’s dividend payout ratio (DPR) is presently 32.36%.

H.B. Fuller Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for H.B. Fuller (NYSE:FUL)

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