Deprince Race & Zollo Inc. Grows Holdings in H. B. Fuller Company $FUL

Deprince Race & Zollo Inc. increased its holdings in shares of H. B. Fuller Company (NYSE:FUL) by 80.4% in the third quarter, Holdings Channel reports. The firm owned 555,877 shares of the specialty chemicals company’s stock after buying an additional 247,815 shares during the quarter. Deprince Race & Zollo Inc.’s holdings in H. B. Fuller were worth $32,952,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC raised its holdings in shares of H. B. Fuller by 12.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,904 shares of the specialty chemicals company’s stock valued at $596,000 after buying an additional 1,077 shares during the last quarter. JPMorgan Chase & Co. raised its stake in H. B. Fuller by 16.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 612,048 shares of the specialty chemicals company’s stock valued at $36,815,000 after acquiring an additional 85,469 shares during the last quarter. Luminus Management LLC purchased a new stake in H. B. Fuller during the 3rd quarter valued at approximately $2,172,000. QRG Capital Management Inc. lifted its position in H. B. Fuller by 19.1% during the 2nd quarter. QRG Capital Management Inc. now owns 8,147 shares of the specialty chemicals company’s stock worth $490,000 after acquiring an additional 1,309 shares during the period. Finally, Coldstream Capital Management Inc. grew its stake in shares of H. B. Fuller by 712.2% in the 2nd quarter. Coldstream Capital Management Inc. now owns 6,254 shares of the specialty chemicals company’s stock valued at $376,000 after purchasing an additional 5,484 shares during the last quarter. 95.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at H. B. Fuller

In other H. B. Fuller news, VP Nathan D. Weaver sold 7,075 shares of the business’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $58.38, for a total transaction of $413,038.50. Following the sale, the vice president directly owned 9,441 shares in the company, valued at approximately $551,165.58. The trade was a 42.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John J. Corkrean sold 14,222 shares of the company’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $60.31, for a total value of $857,728.82. Following the completion of the sale, the chief financial officer directly owned 54,646 shares in the company, valued at $3,295,700.26. This trade represents a 20.65% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.99% of the stock is owned by insiders.

H. B. Fuller Price Performance

Shares of NYSE FUL opened at $60.83 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.18 and a current ratio of 1.93. H. B. Fuller Company has a one year low of $47.56 and a one year high of $69.03. The firm has a market capitalization of $3.29 billion, a P/E ratio of 32.88, a PEG ratio of 0.99 and a beta of 1.09. The company’s fifty day moving average is $58.67 and its two-hundred day moving average is $59.14.

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

H. B. Fuller Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Thursday, October 16th were given a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Thursday, October 16th. H. B. Fuller’s dividend payout ratio (DPR) is presently 50.81%.

Wall Street Analysts Forecast Growth

FUL has been the subject of several recent research reports. Citigroup raised H. B. Fuller from a “neutral” rating to a “buy” rating and increased their price target for the stock from $62.00 to $70.00 in a report on Wednesday, October 22nd. Seaport Res Ptn raised shares of H. B. Fuller from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 26th. Weiss Ratings restated a “hold (c)” rating on shares of H. B. Fuller in a research note on Monday, December 22nd. Wall Street Zen downgraded shares of H. B. Fuller from a “buy” rating to a “hold” rating in a report on Monday, November 24th. Finally, UBS Group initiated coverage on shares of H. B. Fuller in a report on Friday, November 21st. They set a “neutral” rating and a $60.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $66.20.

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.