Peregrine Capital Management LLC Buys New Stake in H. B. Fuller Company $FUL

Peregrine Capital Management LLC purchased a new position in shares of H. B. Fuller Company (NYSE:FUL) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 86,500 shares of the specialty chemicals company’s stock, valued at approximately $5,128,000. Peregrine Capital Management LLC owned 0.16% of H. B. Fuller as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Geode Capital Management LLC grew its position in H. B. Fuller by 0.4% in the second quarter. Geode Capital Management LLC now owns 1,286,348 shares of the specialty chemicals company’s stock valued at $77,383,000 after acquiring an additional 5,323 shares during the period. Cooke & Bieler LP boosted its stake in shares of H. B. Fuller by 15.8% in the 2nd quarter. Cooke & Bieler LP now owns 759,930 shares of the specialty chemicals company’s stock valued at $45,710,000 after purchasing an additional 103,660 shares in the last quarter. Norges Bank bought a new stake in shares of H. B. Fuller in the 2nd quarter worth about $40,584,000. JPMorgan Chase & Co. increased its position in shares of H. B. Fuller by 16.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 612,048 shares of the specialty chemicals company’s stock worth $36,815,000 after purchasing an additional 85,469 shares in the last quarter. Finally, Deprince Race & Zollo Inc. lifted its holdings in H. B. Fuller by 80.4% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 555,877 shares of the specialty chemicals company’s stock valued at $32,952,000 after purchasing an additional 247,815 shares during the last quarter. 95.93% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Nathan D. Weaver sold 7,075 shares of the firm’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $58.38, for a total value of $413,038.50. Following the transaction, the vice president owned 9,441 shares of the company’s stock, valued at approximately $551,165.58. This trade represents a 42.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO John J. Corkrean sold 14,222 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $60.31, for a total transaction of $857,728.82. Following the sale, the chief financial officer directly owned 54,646 shares of the company’s stock, valued at approximately $3,295,700.26. This trade represents a 20.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.99% of the stock is currently owned by company insiders.

H. B. Fuller Stock Performance

FUL stock opened at $65.49 on Friday. The company has a 50 day moving average price of $59.04 and a 200 day moving average price of $59.55. H. B. Fuller Company has a fifty-two week low of $47.56 and a fifty-two week high of $65.53. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.93 and a quick ratio of 1.18. The stock has a market capitalization of $3.54 billion, a PE ratio of 35.40, a price-to-earnings-growth ratio of 1.03 and a beta of 1.10.

H. B. Fuller (NYSE:FUL) last released its 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 during the quarter. Analysts forecast that H. B. Fuller Company will post 4.07 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Wall Street Zen lowered shares of H. B. Fuller from a “buy” rating to a “hold” rating in a research report on Monday, November 24th. Seaport Res Ptn upgraded shares of H. B. Fuller from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 26th. Weiss Ratings restated a “hold (c)” rating on shares of H. B. Fuller in a research report on Monday, December 29th. Citigroup raised H. B. Fuller from a “neutral” rating to a “buy” rating and raised their price target for the company from $62.00 to $70.00 in a report on Wednesday, October 22nd. Finally, UBS Group began coverage on H. B. Fuller in a research report on Friday, November 21st. They issued a “neutral” rating and a $60.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $66.20.

H. B. Fuller Company Profile

H. B. Fuller Company, founded in 1887 and headquartered in St. Paul, Minnesota, is a global adhesives and specialty chemical solutions provider serving a wide array of industries. The company develops, manufactures and markets adhesive technologies, sealants, polymers and related chemical products designed to enhance product performance, sustainability and manufacturing efficiency.

Fuller’s product portfolio spans multiple market segments, including packaging and converting, general industrial assembly, electronics, transportation, hygiene and construction.