QRG Capital Management Inc. Increases Stake in H. B. Fuller Company $FUL

QRG Capital Management Inc. increased its holdings in shares of H. B. Fuller Company (NYSE:FUL) by 19.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,147 shares of the specialty chemicals company’s stock after buying an additional 1,309 shares during the period. QRG Capital Management Inc.’s holdings in H. B. Fuller were worth $490,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Cooke & Bieler LP purchased a new stake in H. B. Fuller during the 1st quarter worth approximately $36,830,000. Dorsey & Whitney Trust CO LLC increased its position in shares of H. B. Fuller by 3.6% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 82,124 shares of the specialty chemicals company’s stock valued at $4,609,000 after purchasing an additional 2,857 shares during the last quarter. Partners Capital Investment Group LLP increased its position in shares of H. B. Fuller by 90.3% in the 1st quarter. Partners Capital Investment Group LLP now owns 64,901 shares of the specialty chemicals company’s stock valued at $3,642,000 after purchasing an additional 30,805 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of H. B. Fuller by 6.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 32,270 shares of the specialty chemicals company’s stock valued at $1,940,000 after purchasing an additional 1,975 shares during the last quarter. Finally, Quantbot Technologies LP increased its position in shares of H. B. Fuller by 612.4% in the 1st quarter. Quantbot Technologies LP now owns 28,083 shares of the specialty chemicals company’s stock valued at $1,576,000 after purchasing an additional 24,141 shares during the last quarter. 95.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of H. B. Fuller in a research report on Saturday, September 27th. Seaport Res Ptn raised shares of H. B. Fuller from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 26th. Robert W. Baird increased their price objective on shares of H. B. Fuller from $60.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, June 27th. JPMorgan Chase & Co. increased their price objective on shares of H. B. Fuller from $50.00 to $54.00 and gave the company an “underweight” rating in a research report on Friday, June 27th. Finally, Citigroup dropped their price objective on shares of H. B. Fuller from $70.00 to $62.00 and set a “neutral” rating on the stock in a research report on Friday, September 26th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, H. B. Fuller has a consensus rating of “Moderate Buy” and an average target price of $65.75.

H. B. Fuller Stock Down 1.9%

Shares of NYSE:FUL opened at $57.06 on Friday. The stock has a market cap of $3.09 billion, a P/E ratio of 30.84, a P/E/G ratio of 1.05 and a beta of 1.12. The firm has a fifty day moving average price of $59.71 and a 200 day moving average price of $57.56. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.93 and a quick ratio of 1.18. H. B. Fuller Company has a 1-year low of $47.56 and a 1-year high of $81.03.

H. B. Fuller (NYSE:FUL) last issued its quarterly earnings results on Wednesday, April 13th. The specialty chemicals company reported $0.66 earnings per share for the quarter. The firm had revenue of $725.90 million during the quarter. H. B. Fuller had a net margin of 3.28% and a return on equity of 11.49%. H. B. Fuller has set its FY 2022 guidance at $4.100-$4.350 EPS. Sell-side analysts predict that H. B. Fuller Company will post 4.07 EPS for the current year.

H. B. Fuller Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Investors of record on Thursday, October 16th will be paid a dividend of $0.235 per share. The ex-dividend date is Thursday, October 16th. This represents a $0.94 dividend on an annualized basis and a yield of 1.6%. H. B. Fuller’s dividend payout ratio is currently 50.81%.

Insiders Place Their Bets

In related news, VP Joao Magalhaes sold 1,099 shares of the stock in a transaction on Friday, August 8th. The shares were sold at an average price of $56.31, for a total transaction of $61,884.69. Following the completion of the sale, the vice president owned 3,285 shares in the company, valued at $184,978.35. This represents a 25.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.99% of the stock is currently owned by corporate insiders.

H. B. Fuller Profile

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.