Penn Capital Management Company LLC Purchases 19,399 Shares of H. B. Fuller Company $FUL

Penn Capital Management Company LLC lifted its position in shares of H. B. Fuller Company (NYSE:FUL) by 15.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 148,977 shares of the specialty chemicals company’s stock after acquiring an additional 19,399 shares during the quarter. Penn Capital Management Company LLC owned approximately 0.28% of H. B. Fuller worth $8,856,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Cooke & Bieler LP boosted its stake in shares of H. B. Fuller by 94.9% during the third quarter. Cooke & Bieler LP now owns 1,481,030 shares of the specialty chemicals company’s stock valued at $87,795,000 after purchasing an additional 721,100 shares in the last quarter. Norges Bank bought a new stake in shares of H. B. Fuller during the second quarter worth about $40,584,000. UBS Group AG increased its stake in shares of H. B. Fuller by 200.8% in the third quarter. UBS Group AG now owns 820,871 shares of the specialty chemicals company’s stock valued at $48,661,000 after buying an additional 548,017 shares during the period. Cramer Rosenthal Mcglynn LLC increased its stake in shares of H. B. Fuller by 287.2% in the third quarter. Cramer Rosenthal Mcglynn LLC now owns 371,650 shares of the specialty chemicals company’s stock valued at $22,031,000 after buying an additional 275,654 shares during the period. Finally, Kennedy Capital Management LLC increased its stake in shares of H. B. Fuller by 131.2% in the third quarter. Kennedy Capital Management LLC now owns 439,444 shares of the specialty chemicals company’s stock valued at $26,050,000 after buying an additional 249,350 shares during the period. Institutional investors own 95.93% of the company’s stock.

H. B. Fuller Stock Up 0.1%

H. B. Fuller stock opened at $54.81 on Wednesday. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 0.82 and a beta of 1.07. H. B. Fuller Company has a 52-week low of $47.56 and a 52-week high of $68.63. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.06 and a current ratio of 1.70. The firm has a 50 day moving average price of $62.67 and a two-hundred day moving average price of $60.47.

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

H. B. Fuller Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Thursday, February 5th were issued a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Thursday, February 5th. H. B. Fuller’s dividend payout ratio (DPR) is presently 31.33%.

Analyst Ratings Changes

FUL has been the topic of several recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of H. B. Fuller in a research report on Monday, December 29th. Citigroup upped their price target on shares of H. B. Fuller from $70.00 to $76.00 and gave the company a “buy” rating in a research report on Friday, January 16th. UBS Group set a $66.00 price target on shares of H. B. Fuller in a report on Friday, January 16th. Wall Street Zen raised shares of H. B. Fuller from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of H. B. Fuller in a report on Friday, January 16th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, H. B. Fuller has a consensus rating of “Hold” and a consensus price target of $67.75.

About H. B. Fuller

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.