Penn Capital Management Company LLC Has $7.46 Million Position in H. B. Fuller Company $FUL

Penn Capital Management Company LLC reduced its position in shares of H. B. Fuller Company (NYSE:FUL) by 16.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 125,083 shares of the specialty chemicals company’s stock after selling 23,894 shares during the period. Penn Capital Management Company LLC’s holdings in H. B. Fuller were worth $7,458,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Capital World Investors boosted its position in shares of H. B. Fuller by 0.5% during the third quarter. Capital World Investors now owns 2,583,213 shares of the specialty chemicals company’s stock worth $153,133,000 after buying an additional 12,720 shares during the period. Cooke & Bieler LP boosted its position in shares of H. B. Fuller by 13.3% during the fourth quarter. Cooke & Bieler LP now owns 1,677,674 shares of the specialty chemicals company’s stock worth $99,754,000 after buying an additional 196,644 shares during the period. UBS Group AG boosted its position in shares of H. B. Fuller by 35.0% during the fourth quarter. UBS Group AG now owns 1,108,261 shares of the specialty chemicals company’s stock worth $65,897,000 after buying an additional 287,390 shares during the period. Wellington Management Group LLP boosted its position in shares of H. B. Fuller by 3.6% during the third quarter. Wellington Management Group LLP now owns 976,005 shares of the specialty chemicals company’s stock worth $57,858,000 after buying an additional 33,522 shares during the period. Finally, Deprince Race & Zollo Inc. boosted its position in shares of H. B. Fuller by 38.7% during the fourth quarter. Deprince Race & Zollo Inc. now owns 771,058 shares of the specialty chemicals company’s stock worth $45,847,000 after buying an additional 215,181 shares during the period. 95.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other H. B. Fuller news, CEO Celeste Beeks Mastin acquired 5,170 shares of the business’s stock in a transaction dated Tuesday, April 7th. The stock was bought at an average cost of $57.08 per share, with a total value of $295,103.60. Following the completion of the transaction, the chief executive officer directly owned 8,670 shares in the company, valued at approximately $494,883.60. This represents a 147.71% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.83% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Wall Street Zen raised H. B. Fuller from a “hold” rating to a “buy” rating in a research report on Sunday, March 29th. Royal Bank Of Canada set a $58.00 price target on H. B. Fuller in a research report on Wednesday. UBS Group set a $58.00 price target on H. B. Fuller in a research report on Wednesday. Citigroup increased their price target on H. B. Fuller from $67.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, March 30th. Finally, Vertical Research raised H. B. Fuller from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $63.00.

H. B. Fuller Stock Performance

Shares of NYSE FUL opened at $60.74 on Wednesday. The stock has a 50 day moving average price of $59.48 and a 200 day moving average price of $60.47. H. B. Fuller Company has a 52 week low of $48.71 and a 52 week high of $68.63. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.15 and a current ratio of 1.92. The stock has a market capitalization of $3.31 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 0.76 and a beta of 0.95.

H. B. Fuller (NYSE:FUL) last issued its quarterly earnings results on Thursday, March 26th. The specialty chemicals company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.56 by $0.01. H. B. Fuller had a return on equity of 11.84% and a net margin of 4.62%.The firm had revenue of $770.84 million during the quarter, compared to analysts’ expectations of $787.77 million. During the same period in the prior year, the firm posted $0.54 earnings per share. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. Analysts predict that H. B. Fuller Company will post 4.77 earnings per share for the current fiscal year.

H. B. Fuller Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, April 30th were given a $0.245 dividend. The ex-dividend date of this dividend was Thursday, April 30th. This is a positive change from H. B. Fuller’s previous quarterly dividend of $0.24. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.6%. H. B. Fuller’s payout ratio is 32.34%.

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.