Public Sector Pension Investment Board Has $12.48 Million Holdings in H. B. Fuller Company $FUL

Public Sector Pension Investment Board boosted its holdings in shares of H. B. Fuller Company (NYSE:FUL) by 13.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 210,483 shares of the specialty chemicals company’s stock after purchasing an additional 25,750 shares during the period. Public Sector Pension Investment Board’s holdings in H. B. Fuller were worth $12,477,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Caprock Group LLC acquired a new position in shares of H. B. Fuller during the third quarter worth $407,000. MQS Management LLC grew its position in shares of H. B. Fuller by 62.5% during the 3rd quarter. MQS Management LLC now owns 7,384 shares of the specialty chemicals company’s stock worth $438,000 after buying an additional 2,840 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in H. B. Fuller in the third quarter valued at $461,000. Smartleaf Asset Management LLC boosted its holdings in H. B. Fuller by 27.0% in the third quarter. Smartleaf Asset Management LLC now owns 1,660 shares of the specialty chemicals company’s stock worth $97,000 after acquiring an additional 353 shares in the last quarter. Finally, State of Wyoming bought a new stake in H. B. Fuller during the 3rd quarter valued at $124,000. 95.93% of the stock is currently owned by institutional investors and hedge funds.

H. B. Fuller Trading Up 1.1%

Shares of FUL opened at $67.43 on Monday. The company has a current ratio of 1.70, a quick ratio of 1.06 and a debt-to-equity ratio of 1.01. H. B. Fuller Company has a 1-year low of $47.56 and a 1-year high of $68.63. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of 22.48, a PEG ratio of 1.01 and a beta of 1.10. The firm’s 50-day moving average price is $61.72 and its 200-day moving average price is $59.94.

H. B. Fuller (NYSE:FUL) last issued its quarterly earnings results on Thursday, January 15th. The specialty chemicals company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.04. The firm had revenue of $894.79 million for the quarter, compared to analysts’ expectations of $901.34 million. H. B. Fuller had a return on equity of 12.21% and a net margin of 4.38%.The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.92 EPS. Sell-side analysts anticipate that H. B. Fuller Company will post 4.07 EPS for the current year.

H. B. Fuller Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Thursday, February 5th will be given a $0.235 dividend. The ex-dividend date is Thursday, February 5th. This represents a $0.94 dividend on an annualized basis and a yield of 1.4%. H. B. Fuller’s dividend payout ratio is presently 31.33%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of H. B. Fuller in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of H. B. Fuller in a research report on Friday, January 16th. Wall Street Zen upgraded H. B. Fuller from a “hold” rating to a “buy” rating in a research report on Saturday. UBS Group set a $66.00 target price on shares of H. B. Fuller in a research note on Friday, January 16th. Finally, Citigroup upped their price objective on shares of H. B. Fuller from $70.00 to $76.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, H. B. Fuller has a consensus rating of “Hold” and a consensus price target of $67.75.

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.