Suntrust Banks Inc. Takes Position in H. B. Fuller Company (FUL)
Suntrust Banks Inc. acquired a new stake in H. B. Fuller Company (NYSE:FUL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,996 shares of the specialty chemicals company’s stock, valued at approximately $202,000.
Other institutional investors have also made changes to their positions in the company. Riverhead Capital Management LLC grew its position in H. B. Fuller by 42.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,996 shares of the specialty chemicals company’s stock valued at $102,000 after acquiring an additional 596 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in H. B. Fuller by 11.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,154 shares of the specialty chemicals company’s stock valued at $110,000 after acquiring an additional 218 shares during the last quarter. Point72 Asia Hong Kong Ltd bought a new position in H. B. Fuller in the 1st quarter valued at $117,000. Teacher Retirement System of Texas bought a new position in H. B. Fuller in the 1st quarter valued at $207,000. Finally, Everence Capital Management Inc. bought a new position in H. B. Fuller in the 2nd quarter valued at $231,000. 92.74% of the stock is currently owned by institutional investors.
Several brokerages have weighed in on FUL. Zacks Investment Research upgraded H. B. Fuller from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. BidaskClub cut H. B. Fuller from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. KeyCorp reiterated a “hold” rating on shares of H. B. Fuller in a report on Thursday, August 24th. Finally, Robert W. Baird began coverage on H. B. Fuller in a report on Thursday, September 14th. They issued a “neutral” rating and a $60.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $57.40.
In other news, VP Traci L. Jensen sold 5,397 shares of H. B. Fuller stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $58.40, for a total value of $315,184.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.10% of the company’s stock.
Shares of H. B. Fuller Company (NYSE FUL) opened at 57.06 on Thursday. H. B. Fuller Company has a one year low of $41.52 and a one year high of $58.74. The stock has a market capitalization of $2.87 billion, a PE ratio of 27.98 and a beta of 1.72. The firm has a 50 day moving average price of $55.66 and a 200 day moving average price of $52.44.
H. B. Fuller (NYSE:FUL) last issued its quarterly earnings data on Wednesday, September 27th. The specialty chemicals company reported $0.65 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.02). H. B. Fuller had a net margin of 4.76% and a return on equity of 13.08%. The firm had revenue of $562.87 million during the quarter, compared to analyst estimates of $553.66 million. Analysts predict that H. B. Fuller Company will post $2.60 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 2nd. Stockholders of record on Thursday, October 19th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, October 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.05%. H. B. Fuller’s payout ratio is presently 29.41%.
WARNING: This piece was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another site, it was stolen and republished in violation of international copyright & trademark laws. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/10/19/suntrust-banks-inc-takes-position-in-h-b-fuller-company-ful.html.
About H. B. Fuller
H.B. Fuller Company is a formulator, manufacturer and marketer of adhesives, sealants and other specialty chemical products. The Company’s segments include Americas Adhesives, Europe, India, Middle East and Africa (EIMEA), Asia Pacific, Construction Products and Engineering Adhesives. The Americas Adhesives, EIMEA and Asia Pacific operating segments produce and supply industrial adhesives products for applications in various markets, including durable assembly, nonwoven and hygiene, and textile.
Want to see what other hedge funds are holding FUL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for H. B. Fuller Company (NYSE:FUL).
Receive News & Stock Ratings for H. B. Fuller Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for H. B. Fuller Company and related stocks with our FREE daily email newsletter.