Brown Advisory Inc. Sells 66,953 Shares of H. B. Fuller Company $FUL

Brown Advisory Inc. decreased its position in H. B. Fuller Company (NYSE:FUL) by 6.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 911,774 shares of the specialty chemicals company’s stock after selling 66,953 shares during the period. Brown Advisory Inc. owned about 1.69% of H. B. Fuller worth $54,843,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of FUL. Parallel Advisors LLC increased its position in shares of H. B. Fuller by 141.6% during the second quarter. Parallel Advisors LLC now owns 534 shares of the specialty chemicals company’s stock valued at $32,000 after purchasing an additional 313 shares during the period. EverSource Wealth Advisors LLC boosted its stake in H. B. Fuller by 129.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,218 shares of the specialty chemicals company’s stock worth $73,000 after buying an additional 688 shares in the last quarter. Strs Ohio acquired a new stake in H. B. Fuller during the first quarter worth $101,000. Signaturefd LLC increased its holdings in H. B. Fuller by 20.5% in the 2nd quarter. Signaturefd LLC now owns 1,743 shares of the specialty chemicals company’s stock valued at $105,000 after buying an additional 297 shares during the period. Finally, Huntington National Bank raised its stake in shares of H. B. Fuller by 23.9% in the 2nd quarter. Huntington National Bank now owns 2,236 shares of the specialty chemicals company’s stock valued at $134,000 after buying an additional 432 shares in the last quarter. Institutional investors and hedge funds own 95.93% of the company’s stock.

Insider Activity at H. B. Fuller

In other news, VP Nathan D. Weaver sold 7,075 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $58.38, for a total transaction of $413,038.50. Following the completion of the sale, the vice president owned 9,441 shares of the company’s stock, valued at approximately $551,165.58. This represents a 42.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO John J. Corkrean sold 14,222 shares of H. B. Fuller stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $60.31, for a total transaction of $857,728.82. Following the completion of the transaction, the chief financial officer directly owned 54,646 shares in the company, valued at $3,295,700.26. This trade represents a 20.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.99% of the stock is currently owned by insiders.

H. B. Fuller Stock Up 0.1%

NYSE FUL opened at $58.20 on Friday. The stock’s 50 day simple moving average is $58.32 and its 200 day simple moving average is $58.68. H. B. Fuller Company has a one year low of $47.56 and a one year high of $77.77. The firm has a market cap of $3.15 billion, a PE ratio of 31.46, a price-to-earnings-growth ratio of 0.94 and a beta of 1.09. 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 (NYSE:FUL) last issued its quarterly earnings data on Wednesday, April 13th. The specialty chemicals company reported $0.66 earnings per share (EPS) for the quarter. The firm had revenue of $725.90 million during the quarter. H. B. Fuller had a return on equity of 11.49% and a net margin of 3.28%.H. B. Fuller has set its FY 2022 guidance at $4.100-$4.350 EPS. As a group, sell-side analysts forecast that H. B. Fuller Company will post 4.07 earnings per share for the current fiscal year.

H. B. Fuller Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 30th. Shareholders of record on Thursday, October 16th were issued a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Thursday, October 16th. H. B. Fuller’s dividend payout ratio (DPR) is currently 50.81%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. UBS Group started coverage on shares of H. B. Fuller in a research report on Friday, November 21st. They set a “neutral” rating and a $60.00 target price on the stock. Seaport Res Ptn upgraded H. B. Fuller from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 26th. Wall Street Zen cut H. B. Fuller from a “buy” rating to a “hold” rating in a report on Monday, November 24th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of H. B. Fuller in a research note on Monday. Finally, Citigroup upgraded H. B. Fuller from a “neutral” rating to a “buy” rating and upped their price target for the company from $62.00 to $70.00 in a research report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, H. B. Fuller currently has an average rating of “Moderate Buy” and an average target price of $66.20.

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.