Wealth Alliance LLC Takes $271,000 Position in H. B. Fuller Company $FUL

Wealth Alliance LLC bought a new position in shares of H. B. Fuller Company (NYSE:FUL) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,499 shares of the specialty chemicals company’s stock, valued at approximately $271,000.

Several other institutional investors have also added to or reduced their stakes in FUL. Cooke & Bieler LP increased its position in H. B. Fuller by 15.8% during the 2nd quarter. Cooke & Bieler LP now owns 759,930 shares of the specialty chemicals company’s stock worth $45,710,000 after buying an additional 103,660 shares during the period. Bank of New York Mellon Corp increased its position in H. B. Fuller by 3.7% during the second quarter. Bank of New York Mellon Corp now owns 537,053 shares of the specialty chemicals company’s stock worth $32,304,000 after acquiring an additional 19,314 shares during the period. Dorsey & Whitney Trust CO LLC raised its stake in 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 worth $4,609,000 after purchasing an additional 2,857 shares in the last quarter. Partners Capital Investment Group LLP boosted its holdings in 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 period. Finally, US Bancorp DE boosted its holdings in H. B. Fuller by 0.7% in the 2nd quarter. US Bancorp DE now owns 54,153 shares of the specialty chemicals company’s stock valued at $3,257,000 after purchasing an additional 362 shares during the period. 95.93% of the stock is currently owned by institutional investors.

H. B. Fuller Stock Up 1.1%

Shares of NYSE FUL opened at $58.55 on Friday. The company has a 50 day simple moving average of $59.41 and a 200 day simple moving average of $58.39. 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 $78.68. The firm has a market cap of $3.17 billion, a PE ratio of 31.65, a price-to-earnings-growth ratio of 1.05 and a beta of 1.13.

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

H. B. Fuller Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of H. B. Fuller in a research report on Tuesday. Seaport Res Ptn raised H. B. Fuller from a “hold” rating to a “strong-buy” rating in a report on Friday, September 26th. Wall Street Zen downgraded H. B. Fuller from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Citigroup upgraded H. B. Fuller from a “neutral” rating to a “buy” rating and raised their price target for the stock from $62.00 to $70.00 in a research report on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $67.75.

Insider Buying and Selling

In other H. B. Fuller news, CFO John J. Corkrean sold 14,222 shares of H. B. Fuller stock in a transaction on Monday, October 27th. The shares were sold at an average price of $60.31, for a total value of $857,728.82. Following the completion of the sale, the chief financial officer directly owned 54,646 shares of the company’s stock, valued at approximately $3,295,700.26. The trade was a 20.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.99% of the company’s stock.

H. B. Fuller Company 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.