H. B. Fuller Company (FUL) Shares Bought by Crawford Investment Counsel Inc.
Crawford Investment Counsel Inc. boosted its stake in shares of H. B. Fuller Company (NYSE:FUL) by 10.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,950 shares of the specialty chemicals company’s stock after buying an additional 4,700 shares during the period. Crawford Investment Counsel Inc. owned approximately 0.10% of H. B. Fuller worth $2,604,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the stock. GHP Investment Advisors Inc. raised its stake in shares of H. B. Fuller by 2.2% in the first quarter. GHP Investment Advisors Inc. now owns 26,769 shares of the specialty chemicals company’s stock valued at $1,380,000 after buying an additional 564 shares during the period. Bank of America Corp DE raised its stake in shares of H. B. Fuller by 36.3% in the first quarter. Bank of America Corp DE now owns 189,510 shares of the specialty chemicals company’s stock valued at $9,771,000 after buying an additional 50,441 shares during the period. Prudential Financial Inc. raised its stake in shares of H. B. Fuller by 0.9% in the first quarter. Prudential Financial Inc. now owns 98,668 shares of the specialty chemicals company’s stock valued at $5,087,000 after buying an additional 870 shares during the period. BlackRock Inc. raised its stake in shares of H. B. Fuller by 10,635.2% in the first quarter. BlackRock Inc. now owns 6,217,806 shares of the specialty chemicals company’s stock valued at $320,590,000 after buying an additional 6,159,886 shares during the period. Finally, Prescott Group Capital Management L.L.C. purchased a new stake in shares of H. B. Fuller during the first quarter valued at $464,000. Institutional investors and hedge funds own 93.46% of the company’s stock.
Shares of H. B. Fuller Company (NYSE:FUL) opened at 49.98 on Thursday. The stock’s 50 day moving average price is $50.98 and its 200 day moving average price is $51.06. H. B. Fuller Company has a one year low of $41.52 and a one year high of $54.32. The stock has a market capitalization of $2.53 billion, a P/E ratio of 22.84 and a beta of 1.68.
H. B. Fuller (NYSE:FUL) last issued its quarterly earnings results on Wednesday, June 28th. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.67 by $0.05. H. B. Fuller had a return on equity of 13.32% and a net margin of 5.23%. The business had revenue of $561.65 million for the quarter. During the same period in the prior year, the firm posted $0.67 EPS. On average, analysts forecast that H. B. Fuller Company will post $2.60 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 10th. Shareholders of record on Thursday, July 27th were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, July 25th. This represents a $0.60 dividend on an annualized basis and a yield of 1.20%. H. B. Fuller’s payout ratio is currently 27.40%.
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Several analysts have recently weighed in on FUL shares. KeyCorp restated a “hold” rating on shares of H. B. Fuller in a report on Thursday, August 24th. Zacks Investment Research lowered H. B. Fuller from a “hold” rating to a “sell” rating in a report on Monday, June 5th. Finally, BidaskClub upgraded H. B. Fuller from a “hold” rating to a “buy” rating in a report on Saturday, June 10th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $52.40.
In other H. B. Fuller news, VP Dietrich J. Crail purchased 970 shares of the firm’s stock in a transaction on Wednesday, July 12th. The stock was purchased at an average cost of $51.41 per share, for a total transaction of $49,867.70. Following the acquisition, the vice president now owns 970 shares in the company, valued at approximately $49,867.70. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 3.10% of the company’s stock.
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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