SummitTX Capital L.P. Takes Position in H. B. Fuller Company $FUL

SummitTX Capital L.P. acquired a new stake in shares of H. B. Fuller Company (NYSE:FUL) during the 1st quarter, HoldingsChannel reports. The institutional investor acquired 46,089 shares of the specialty chemicals company’s stock, valued at approximately $2,843,000.

A number of other large investors also recently bought and sold shares of FUL. Jefferies Financial Group Inc. bought a new stake in H. B. Fuller during the fourth quarter valued at about $2,644,000. Congruence Capital LLC bought a new position in H. B. Fuller in the fourth quarter worth about $10,048,000. Norges Bank bought a new position in H. B. Fuller in the fourth quarter worth about $44,203,000. Kennedy Capital Management LLC lifted its position in shares of H. B. Fuller by 43.4% during the fourth quarter. Kennedy Capital Management LLC now owns 630,194 shares of the specialty chemicals company’s stock valued at $37,471,000 after buying an additional 190,750 shares during the last quarter. Finally, UBS Group AG lifted 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 valued at $65,897,000 after buying an additional 287,390 shares during the last quarter. Institutional investors own 95.93% of the company’s stock.

H. B. Fuller Stock Up 0.9%

FUL stock opened at $57.05 on Wednesday. H. B. Fuller Company has a one year low of $48.71 and a one year high of $68.63. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.12 and a current ratio of 1.80. The firm’s fifty day moving average is $59.74 and its 200 day moving average is $60.79. The firm has a market cap of $3.07 billion, a PE ratio of 17.50, a P/E/G ratio of 0.61 and a beta of 0.98.

H. B. Fuller (NYSE:FUL) last issued its quarterly earnings data on Thursday, June 25th. The specialty chemicals company reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. The business had revenue of $950.27 million during the quarter, compared to the consensus estimate of $924.83 million. H. B. Fuller had a net margin of 5.29% and a return on equity of 12.18%. The company’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.18 earnings per share. On average, research analysts forecast that H. B. Fuller Company will post 4.87 EPS for the current year.

H. B. Fuller Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th will be given a dividend of $0.245 per share. The ex-dividend date is Thursday, July 30th. This represents a $0.98 dividend on an annualized basis and a yield of 1.7%. H. B. Fuller’s dividend payout ratio is currently 30.06%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group set a $67.00 price target on shares of H. B. Fuller in a report on Friday, June 26th. JPMorgan Chase & Co. raised shares of H. B. Fuller from a “neutral” rating to an “overweight” rating and increased their target price for the company from $58.00 to $67.00 in a research report on Friday, June 26th. Citigroup raised their target price on shares of H. B. Fuller from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. UBS Group set a $69.00 price target on shares of H. B. Fuller in a report on Friday, June 26th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of H. B. Fuller in a research note on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $67.86.

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.