Advisory Research Inc. Has $46,347,000 Stake in H. B. Fuller Company (FUL)
Advisory Research Inc. continued to hold its stake in H. B. Fuller Company (NYSE:FUL) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 898,911 shares of the specialty chemicals company’s stock at the end of the second quarter. Advisory Research Inc. owned approximately 1.78% of H. B. Fuller worth $46,347,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in FUL. Strs Ohio increased its position in shares of H. B. Fuller by 7.7% in the first quarter. Strs Ohio now owns 4,200 shares of the specialty chemicals company’s stock valued at $216,000 after buying an additional 300 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of H. B. Fuller during the first quarter valued at $442,000. Wells Fargo & Company MN boosted its stake in shares of H. B. Fuller by 22.8% during the first quarter. Wells Fargo & Company MN now owns 85,673 shares of the specialty chemicals company’s stock valued at $4,417,000 after acquiring an additional 15,896 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of H. B. Fuller by 38.4% during the first quarter. First Trust Advisors LP now owns 53,357 shares of the specialty chemicals company’s stock valued at $2,751,000 after acquiring an additional 14,805 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new stake in shares of H. B. Fuller during the first quarter valued at $850,000. Institutional investors and hedge funds own 92.37% of the company’s stock.
A number of analysts recently commented on FUL shares. BidaskClub raised H. B. Fuller from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th. Zacks Investment Research lowered H. B. Fuller from a “hold” rating to a “sell” rating in a research note on Monday, July 3rd. KeyCorp reaffirmed a “hold” rating on shares of H. B. Fuller in a research note on Thursday, August 24th. Deutsche Bank AG increased their price objective on H. B. Fuller from $56.00 to $58.00 and gave the company a “hold” rating in a research note on Wednesday, September 6th. Finally, Robert W. Baird started coverage on H. B. Fuller in a research note on Thursday, September 14th. They set a “neutral” rating and a $60.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. H. B. Fuller has a consensus rating of “Hold” and an average price target of $57.40.
In related news, VP Dietrich J. Crail bought 970 shares of the business’s stock in a transaction dated Wednesday, July 12th. The shares were bought at an average cost of $51.41 per share, with a total value of $49,867.70. Following the completion of the transaction, the vice president now directly owns 970 shares of the company’s stock, valued at $49,867.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Traci L. Jensen sold 5,397 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $58.40, for a total value of $315,184.80. The disclosure for this sale can be found here. 3.10% of the stock is owned by insiders.
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H. B. Fuller Company (NYSE:FUL) traded up 0.56% during mid-day trading on Friday, hitting $57.13. The company had a trading volume of 239,943 shares. The company has a market cap of $2.88 billion, a PE ratio of 28.02 and a beta of 1.72. H. B. Fuller Company has a one year low of $41.52 and a one year high of $58.74. The company’s 50 day moving average price is $54.10 and its 200-day moving average price is $52.14.
H. B. Fuller (NYSE:FUL) last announced its earnings results on Wednesday, September 27th. The specialty chemicals company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.02). The company had revenue of $562.87 million for the quarter, compared to analyst estimates of $553.66 million. H. B. Fuller had a return on equity of 13.08% and a net margin of 4.76%. Equities research analysts anticipate that H. B. Fuller Company will post $2.59 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 2nd. Stockholders of record on Thursday, October 19th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Wednesday, October 18th. H. B. Fuller’s dividend payout ratio (DPR) is presently 29.41%.
About H. B. Fuller
H.B. Fuller Company is a formulator, manufacturer and marketer of adhesives, sealants and other specialty chemical products. The Company’s segments include Americas Adhesives, Europe, India, Middle East and Africa (EIMEA), Asia Pacific, Construction Products and Engineering Adhesives. The Americas Adhesives, EIMEA and Asia Pacific operating segments produce and supply industrial adhesives products for applications in various markets, including durable assembly, nonwoven and hygiene, and textile.
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