Louisiana State Employees Retirement System Sells 500 Shares of H. B. Fuller Company $FUL

Louisiana State Employees Retirement System reduced its position in shares of H. B. Fuller Company (NYSE:FUL) by 1.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 25,300 shares of the specialty chemicals company’s stock after selling 500 shares during the quarter. Louisiana State Employees Retirement System’s holdings in H. B. Fuller were worth $1,522,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. KLP Kapitalforvaltning AS grew its stake in shares of H. B. Fuller by 8.6% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 11,400 shares of the specialty chemicals company’s stock valued at $686,000 after purchasing an additional 900 shares during the period. DAVENPORT & Co LLC grew its stake in shares of H. B. Fuller by 24.0% during the 2nd quarter. DAVENPORT & Co LLC now owns 26,027 shares of the specialty chemicals company’s stock valued at $1,566,000 after purchasing an additional 5,033 shares during the period. QRG Capital Management Inc. grew its stake in shares of H. B. Fuller by 19.1% during the 2nd quarter. QRG Capital Management Inc. now owns 8,147 shares of the specialty chemicals company’s stock valued at $490,000 after purchasing an additional 1,309 shares during the period. Signaturefd LLC grew its stake in shares of H. B. Fuller by 20.5% during the 2nd quarter. Signaturefd LLC now owns 1,743 shares of the specialty chemicals company’s stock valued at $105,000 after purchasing an additional 297 shares during the period. Finally, State of Alaska Department of Revenue grew its stake in shares of H. B. Fuller by 6.5% during 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 period. 95.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Seaport Res Ptn upgraded H. B. Fuller from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 26th. JPMorgan Chase & Co. lifted their price objective on H. B. Fuller from $50.00 to $54.00 and gave the company an “underweight” rating in a research report on Friday, June 27th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of H. B. Fuller in a research report on Saturday, September 27th. Robert W. Baird lifted their price objective on H. B. Fuller from $60.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, June 27th. Finally, Citigroup lowered their price objective on 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 research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $65.75.

H. B. Fuller Stock Down 1.9%

NYSE FUL opened at $57.06 on Monday. The stock’s 50 day moving average is $59.71 and its 200 day moving average is $57.58. The company has a current ratio of 1.93, a quick ratio of 1.18 and a debt-to-equity ratio of 1.06. H. B. Fuller Company has a 12 month low of $47.56 and a 12 month high of $81.03. The stock has a market cap of $3.09 billion, a PE ratio of 30.84, a P/E/G ratio of 1.03 and a beta of 1.12.

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

H. B. Fuller Announces Dividend

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

Insider Transactions at H. B. Fuller

In other H. B. Fuller news, VP Joao Magalhaes sold 1,099 shares of H. B. Fuller stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $56.31, for a total value of $61,884.69. Following the sale, the vice president owned 3,285 shares of the company’s stock, valued at $184,978.35. The trade was a 25.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.99% of the stock is currently owned by insiders.

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.