State of Tennessee Treasury Department maintained its position in shares of H. B. Fuller Company (NYSE:FUL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,282 shares of the specialty chemicals company’s stock at the close of the second quarter. State of Tennessee Treasury Department owned about 0.09% of H. B. Fuller worth $2,417,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of H. B. Fuller by 11.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,154 shares of the specialty chemicals company’s stock worth $110,000 after acquiring an additional 218 shares in the last quarter. Point72 Asia Hong Kong Ltd bought a new position in shares of H. B. Fuller in the 1st quarter worth $117,000. Elkfork Partners LLC raised its position in shares of H. B. Fuller by 6.6% in the 1st quarter. Elkfork Partners LLC now owns 2,838 shares of the specialty chemicals company’s stock worth $146,000 after acquiring an additional 176 shares in the last quarter. Meadow Creek Investment Management LLC raised its position in shares of H. B. Fuller by 6.6% in the 1st quarter. Meadow Creek Investment Management LLC now owns 3,612 shares of the specialty chemicals company’s stock worth $186,000 after acquiring an additional 224 shares in the last quarter. Finally, LaSalle Street Capital Management LLC bought a new position in shares of H. B. Fuller in the 1st quarter worth $207,000. 93.46% of the stock is owned by hedge funds and other institutional investors.
H. B. Fuller Company (FUL) opened at 55.70 on Friday. The company’s 50-day moving average price is $51.60 and its 200 day moving average price is $51.42. H. B. Fuller Company has a 52 week low of $41.52 and a 52 week high of $55.86. The stock has a market capitalization of $2.81 billion, a P/E ratio of 25.46 and a beta of 1.69.
H. B. Fuller (NYSE:FUL) last posted its quarterly earnings results on Wednesday, June 28th. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.05). H. B. Fuller had a net margin of 5.23% and a return on equity of 13.32%. The business had revenue of $561.65 million during the quarter. During the same quarter in the previous year, the company posted $0.67 EPS. Equities research analysts expect that H. B. Fuller Company will post $2.59 EPS for the current fiscal year.
In other H. B. Fuller news, VP Dietrich J. Crail purchased 970 shares of the business’s stock in a transaction on Wednesday, July 12th. The shares were bought at an average cost of $51.41 per share, for a total transaction of $49,867.70. Following the completion of the purchase, the vice president now directly owns 970 shares in the company, valued at $49,867.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.10% of the stock is owned by company insiders.
Several research firms have recently commented on FUL. Zacks Investment Research raised H. B. Fuller from a “sell” rating to a “hold” rating in a research report on Thursday, August 24th. Robert W. Baird began coverage on H. B. Fuller in a research report on Thursday. They issued a “neutral” rating and a $60.00 price target for the company. BidaskClub lowered H. B. Fuller from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Finally, Deutsche Bank AG boosted their price target on H. B. Fuller from $56.00 to $58.00 and gave the stock a “hold” rating in a research report on Wednesday, September 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. H. B. Fuller has a consensus rating of “Hold” and a consensus price target of $56.33.
About H. B. Fuller
H.B. Fuller Company is a formulator, manufacturer and marketer of adhesives, sealants and other specialty chemical products. The Company’s segments include Americas Adhesives, Europe, India, Middle East and Africa (EIMEA), Asia Pacific, Construction Products and Engineering Adhesives. The Americas Adhesives, EIMEA and Asia Pacific operating segments produce and supply industrial adhesives products for applications in various markets, including durable assembly, nonwoven and hygiene, and textile.
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