H.B. Fuller (NYSE:FUL) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lessened its position in H.B. Fuller (NYSE:FULFree Report) by 1.6% during the fourth quarter, Holdings Channel reports. The fund owned 411,185 shares of the specialty chemicals company’s stock after selling 6,650 shares during the quarter. Gamco Investors INC. ET AL’s holdings in H.B. Fuller were worth $33,475,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Arlington Trust Co LLC acquired a new stake in shares of H.B. Fuller in the 4th quarter worth about $134,000. Campbell & CO Investment Adviser LLC acquired a new position in H.B. Fuller during the 4th quarter valued at about $738,000. Wesbanco Bank Inc. increased its stake in H.B. Fuller by 90.2% during the 3rd quarter. Wesbanco Bank Inc. now owns 9,700 shares of the specialty chemicals company’s stock valued at $666,000 after buying an additional 4,600 shares during the period. Financial Engines Advisors L.L.C. increased its stake in H.B. Fuller by 88.3% during the 3rd quarter. Financial Engines Advisors L.L.C. now owns 10,654 shares of the specialty chemicals company’s stock valued at $731,000 after buying an additional 4,995 shares during the period. Finally, Neuberger Berman Group LLC increased its stake in H.B. Fuller by 1.6% during the 4th quarter. Neuberger Berman Group LLC now owns 11,353 shares of the specialty chemicals company’s stock valued at $924,000 after buying an additional 179 shares during the period. Institutional investors and hedge funds own 95.93% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on FUL. Vertical Research initiated coverage on shares of H.B. Fuller in a research note on Tuesday, March 19th. They set a “buy” rating and a $88.00 target price on the stock. Robert W. Baird raised their target price on shares of H.B. Fuller from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Monday, April 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $86.20.

Check Out Our Latest Research Report on H.B. Fuller

H.B. Fuller Stock Down 0.2 %

FUL traded down $0.15 during midday trading on Thursday, hitting $78.43. 216,582 shares of the company’s stock traded hands, compared to its average volume of 286,645. The company has a market cap of $4.27 billion, a PE ratio of 28.50, a price-to-earnings-growth ratio of 1.21 and a beta of 1.48. The stock’s fifty day simple moving average is $77.82 and its 200-day simple moving average is $78.42. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.99 and a quick ratio of 1.23. H.B. Fuller has a one year low of $62.62 and a one year high of $84.31.

H.B. Fuller (NYSE:FULGet Free Report) last issued its quarterly earnings data on Wednesday, March 27th. The specialty chemicals company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.03. The firm had revenue of $810.42 million for the quarter, compared to analyst estimates of $823.04 million. H.B. Fuller had a net margin of 4.39% and a return on equity of 12.88%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the firm earned $0.55 earnings per share. As a group, equities analysts anticipate that H.B. Fuller will post 4.32 earnings per share for the current fiscal year.

H.B. Fuller Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 9th. Stockholders of record on Thursday, April 25th were paid a $0.222 dividend. This represents a $0.89 annualized dividend and a dividend yield of 1.13%. The ex-dividend date was Wednesday, April 24th. This is an increase from H.B. Fuller’s previous quarterly dividend of $0.21. H.B. Fuller’s payout ratio is currently 32.36%.

Insider Activity

In other H.B. Fuller news, EVP James J. East sold 22,316 shares of the business’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $78.27, for a total transaction of $1,746,673.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, VP Nathan D. Weaver sold 7,292 shares of the stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $78.64, for a total value of $573,442.88. Following the sale, the vice president now owns 4,803 shares in the company, valued at approximately $377,707.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP James J. East sold 22,316 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $78.27, for a total value of $1,746,673.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,253 shares of company stock worth $2,669,188. Corporate insiders own 1.96% of the company’s stock.

H.B. Fuller Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for H.B. Fuller (NYSE:FUL)

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