Laurion Capital Management LP Buys New Holdings in H. B. Fuller Company (FUL)
Laurion Capital Management LP purchased a new position in H. B. Fuller Company (NYSE:FUL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,000 shares of the specialty chemicals company’s stock, valued at approximately $256,000.
Other institutional investors have also bought and sold shares of the company. Riverhead Capital Management LLC grew its position in H. B. Fuller by 42.6% in the second quarter. Riverhead Capital Management LLC now owns 1,996 shares of the specialty chemicals company’s stock worth $102,000 after buying an additional 596 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of H. B. Fuller by 11.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,154 shares of the specialty chemicals company’s stock valued at $110,000 after acquiring an additional 218 shares during the last quarter. Point72 Asia Hong Kong Ltd acquired a new stake in shares of H. B. Fuller during the 1st quarter valued at $117,000. Teacher Retirement System of Texas acquired a new stake in shares of H. B. Fuller during the 1st quarter valued at $207,000. Finally, Strs Ohio lifted its position in shares of H. B. Fuller by 7.7% during the 1st quarter. Strs Ohio now owns 4,200 shares of the specialty chemicals company’s stock valued at $216,000 after acquiring an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 92.37% of the company’s stock.
Shares of H. B. Fuller Company (NYSE FUL) opened at 58.03 on Wednesday. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of 26.52 and a beta of 1.72. H. B. Fuller Company has a 12-month low of $41.52 and a 12-month high of $58.74. The stock’s 50 day moving average is $53.52 and its 200-day moving average is $52.04.
H. B. Fuller (NYSE:FUL) last released its quarterly earnings data on Wednesday, September 27th. The specialty chemicals company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.02). H. B. Fuller had a net margin of 4.76% and a return on equity of 13.08%. The company had revenue of $562.87 million during the quarter, compared to the consensus estimate of $553.66 million. On average, analysts anticipate that H. B. Fuller Company will post $2.59 EPS for the current fiscal year.
In related news, VP Dietrich J. Crail bought 970 shares of H. B. Fuller stock in a transaction on Wednesday, July 12th. The shares were purchased at an average price of $51.41 per share, for a total transaction of $49,867.70. Following the completion of the acquisition, the vice president now owns 970 shares in the company, valued at $49,867.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.10% of the stock is currently owned by company insiders.
Several equities research analysts have recently weighed in on the company. KeyCorp reissued a “hold” rating on shares of H. B. Fuller in a research note on Thursday, August 24th. Deutsche Bank AG boosted their target price on H. B. Fuller from $56.00 to $58.00 and gave the stock a “hold” rating in a research report on Wednesday, September 6th. BidaskClub raised H. B. Fuller from a “hold” rating to a “buy” rating in a research report on Saturday, June 10th. Zacks Investment Research raised H. B. Fuller from a “sell” rating to a “hold” rating and set a $61.00 target price for the company in a report on Friday, September 8th. Finally, Robert W. Baird initiated coverage on H. B. Fuller in a report on Thursday, September 14th. They set a “neutral” rating and a $60.00 target price for the company. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $57.40.
H. B. Fuller Company Profile
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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