H. B. Fuller Company $FUL Shares Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board raised its holdings in shares of H. B. Fuller Company (NYSE:FUL) by 13.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 210,483 shares of the specialty chemicals company’s stock after buying an additional 25,750 shares during the quarter. Public Sector Pension Investment Board owned about 0.39% of H. B. Fuller worth $12,477,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Salomon & Ludwin LLC acquired a new position in H. B. Fuller in the third quarter valued at about $28,000. Covestor Ltd raised its position in H. B. Fuller by 22,833.3% in the 3rd quarter. Covestor Ltd now owns 688 shares of the specialty chemicals company’s stock valued at $41,000 after purchasing an additional 685 shares in the last quarter. TD Waterhouse Canada Inc. acquired a new position in shares of H. B. Fuller during the third quarter worth $47,000. AdvisorNet Financial Inc increased its stake in H. B. Fuller by 160.8% in the third quarter. AdvisorNet Financial Inc now owns 845 shares of the specialty chemicals company’s stock valued at $50,000 after purchasing an additional 521 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of H. B. Fuller by 129.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,218 shares of the specialty chemicals company’s stock valued at $73,000 after purchasing an additional 688 shares during the last quarter. Institutional investors and hedge funds own 95.93% of the company’s stock.

H. B. Fuller Price Performance

Shares of H. B. Fuller stock opened at $67.43 on Monday. The firm has a fifty day simple moving average of $61.72 and a 200-day simple moving average of $59.94. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 22.48, a PEG ratio of 1.01 and a beta of 1.10. The company has a current ratio of 1.70, a quick ratio of 1.06 and a debt-to-equity ratio of 1.01. H. B. Fuller Company has a 1-year low of $47.56 and a 1-year high of $68.63.

H. B. Fuller (NYSE:FUL) last issued its earnings results on Thursday, January 15th. The specialty chemicals company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.04. H. B. Fuller had a net margin of 4.38% and a return on equity of 12.21%. The business had revenue of $894.79 million for the quarter, compared to analyst estimates of $901.34 million. During the same period in the previous year, the business earned $0.92 EPS. The firm’s revenue was down 3.1% on a year-over-year basis. On average, sell-side analysts expect that H. B. Fuller Company will post 4.07 earnings per share for the current year.

H. B. Fuller Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 19th. Stockholders of record on Thursday, February 5th will be issued a $0.235 dividend. The ex-dividend date is Thursday, February 5th. This represents a $0.94 annualized dividend and a dividend yield of 1.4%. H. B. Fuller’s dividend payout ratio (DPR) is presently 31.33%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Wall Street Zen upgraded shares of H. B. Fuller from a “hold” rating to a “buy” rating in a research report on Saturday. Citigroup lifted their target price on H. B. Fuller from $70.00 to $76.00 and gave the company a “buy” rating in a report on Friday, January 16th. UBS Group set a $66.00 target price on H. B. Fuller in a research note on Friday, January 16th. Weiss Ratings restated a “hold (c)” rating on shares of H. B. Fuller in a report on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of H. B. Fuller in a research note on Friday, January 16th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $67.75.

About H. B. Fuller

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.