H.B. Fuller (NYSE:FUL) Shares Bought by New York State Teachers Retirement System

New York State Teachers Retirement System grew its stake in H.B. Fuller (NYSE:FUL) by 3.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 88,348 shares of the specialty chemicals company’s stock after buying an additional 2,694 shares during the period. New York State Teachers Retirement System owned 0.16% of H.B. Fuller worth $6,799,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Neuberger Berman Group LLC lifted its position in H.B. Fuller by 1.6% in the fourth quarter. Neuberger Berman Group LLC now owns 11,353 shares of the specialty chemicals company’s stock valued at $924,000 after acquiring an additional 179 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of H.B. Fuller in the 1st quarter valued at about $79,000. Security National Bank of SO Dak purchased a new position in H.B. Fuller during the 4th quarter worth approximately $236,000. BNP Paribas Financial Markets increased its position in H.B. Fuller by 9.9% during the first quarter. BNP Paribas Financial Markets now owns 45,152 shares of the specialty chemicals company’s stock worth $3,600,000 after buying an additional 4,077 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in H.B. Fuller in the fourth quarter valued at approximately $738,000. 95.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of H.B. Fuller from a “buy” rating to a “hold” rating in a report on Thursday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $92.75.

Insider Buying and Selling at H.B. Fuller

In other news, VP Heather Campe sold 23,696 shares of the stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $82.66, for a total transaction of $1,958,711.36. Following the completion of the transaction, the vice president now directly owns 19,742 shares of the company’s stock, valued at approximately $1,631,873.72. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.96% of the stock is owned by corporate insiders.

H.B. Fuller Stock Up 2.3 %

H.B. Fuller stock opened at $83.43 on Monday. The stock has a 50 day moving average of $80.34 and a two-hundred day moving average of $79.01. H.B. Fuller has a twelve month low of $64.64 and a twelve month high of $87.67. The stock has a market capitalization of $4.55 billion, a price-to-earnings ratio of 28.47, a PEG ratio of 1.36 and a beta of 1.44. The company has a current ratio of 1.89, a quick ratio of 1.16 and a debt-to-equity ratio of 1.13.

H.B. Fuller (NYSE:FUL) last issued its quarterly earnings results on Thursday, June 27th. The specialty chemicals company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.09. The firm had revenue of $917.10 million during the quarter, compared to the consensus estimate of $914.22 million. H.B. Fuller had a return on equity of 13.33% and a net margin of 4.67%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the company earned $0.93 earnings per share. As a group, research analysts expect that H.B. Fuller will post 4.4 earnings per share for the current year.

H.B. Fuller Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Wednesday, July 31st were given a $0.2225 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $0.89 dividend on an annualized basis and a yield of 1.07%. This is an increase from H.B. Fuller’s previous quarterly dividend of $0.22. H.B. Fuller’s dividend payout ratio (DPR) is presently 30.38%.

About H.B. Fuller

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products. It operates through three segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Construction Adhesives.