Dimensional Fund Advisors LP raised its stake in shares of H. B. Fuller Co. (NYSE:FUL) by 8.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,790,936 shares of the company’s stock after buying an additional 144,249 shares during the period. Dimensional Fund Advisors LP owned approximately 3.56% of H. B. Fuller worth $78,781,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Capstone Asset Management Co. raised its position in shares of H. B. Fuller by 1.4% in the second quarter. Capstone Asset Management Co. now owns 16,526 shares of the company’s stock valued at $727,000 after buying an additional 230 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in H. B. Fuller by 2.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,244,741 shares of the company’s stock valued at $52,839,000 after buying an additional 33,211 shares during the last quarter. BlackRock Group LTD increased its stake in H. B. Fuller by 8.4% in the first quarter. BlackRock Group LTD now owns 62,861 shares of the company’s stock valued at $2,669,000 after buying an additional 4,853 shares during the last quarter. Quantbot Technologies LP increased its stake in H. B. Fuller by 184.3% in the second quarter. Quantbot Technologies LP now owns 12,587 shares of the company’s stock valued at $553,000 after buying an additional 8,160 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in H. B. Fuller during the first quarter valued at $438,000. 89.00% of the stock is currently owned by institutional investors.
Shares of H. B. Fuller Co. (NYSE:FUL) traded up 3.45% during mid-day trading on Monday, hitting $44.92. The stock had a trading volume of 224,568 shares. H. B. Fuller Co. has a 52-week low of $32.49 and a 52-week high of $48.83. The firm has a market cap of $2.26 billion, a PE ratio of 20.89 and a beta of 1.75. The firm has a 50 day moving average price of $46.85 and a 200 day moving average price of $45.01.
H. B. Fuller (NYSE:FUL) last released its earnings results on Wednesday, September 21st. The company reported $0.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.67 by $0.03. H. B. Fuller had a net margin of 5.00% and a return on equity of 13.65%. During the same period in the previous year, the business earned $0.61 earnings per share. Equities analysts predict that H. B. Fuller Co. will post $2.51 EPS for the current year.
FUL has been the topic of several research analyst reports. Zacks Investment Research upgraded H. B. Fuller from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Tuesday, May 31st. Seaport Global Securities upgraded H. B. Fuller from an “accumulate” rating to a “buy” rating and boosted their price target for the company from $50.00 to $51.00 in a research note on Monday. Finally, Deutsche Bank AG boosted their price target on H. B. Fuller from $47.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, June 24th.
In other H. B. Fuller news, insider James Owens sold 55,048 shares of the firm’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $46.43, for a total value of $2,555,878.64. Following the sale, the insider now directly owns 151,293 shares in the company, valued at $7,024,533.99. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Timothy J. Keenan sold 8,037 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $46.03, for a total value of $369,943.11. Following the completion of the sale, the vice president now owns 22,142 shares in the company, valued at $1,019,196.26. The disclosure for this sale can be found here. 3.55% of the stock is owned by corporate insiders.
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, and Construction Products. The Americas Adhesives segment includes a range of specialty adhesives, such as thermoplastic, thermoset, reactive, and water-based and solvent-based products.
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