Systematic Financial Management LP decreased its position in shares of H. B. Fuller Co. (NYSE:FUL) by 8.0% during the second quarter, Holdings Channel reports. The institutional investor owned 39,530 shares of the company’s stock after selling 3,455 shares during the period. Systematic Financial Management LP owned about 0.08% of H. B. Fuller worth $1,738,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Nisa Investment Advisors LLC raised its stake in H. B. Fuller by 0.8% in the second quarter. Nisa Investment Advisors LLC now owns 19,050 shares of the company’s stock worth $838,000 after buying an additional 150 shares in the last quarter. Capstone Asset Management Co. raised its stake in H. B. Fuller by 1.4% in the second quarter. Capstone Asset Management Co. now owns 16,526 shares of the company’s stock worth $727,000 after buying an additional 230 shares in the last quarter. GHP Investment Advisors Inc. raised its stake in H. B. Fuller by 2.1% in the second quarter. GHP Investment Advisors Inc. now owns 24,939 shares of the company’s stock worth $1,097,000 after buying an additional 509 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in H. B. Fuller by 24.7% in the first quarter. Envestnet Asset Management Inc. now owns 3,185 shares of the company’s stock worth $135,000 after buying an additional 630 shares in the last quarter. Finally, Ramsey Quantitative Systems raised its stake in H. B. Fuller by 5.5% in the first quarter. Ramsey Quantitative Systems now owns 16,601 shares of the company’s stock worth $705,000 after buying an additional 861 shares in the last quarter. 89.00% of the stock is owned by institutional investors.
Shares of H. B. Fuller Co. (NYSE:FUL) traded down 0.81% during trading on Friday, hitting $43.82. The stock had a trading volume of 277,406 shares. H. B. Fuller Co. has a 1-year low of $32.49 and a 1-year high of $48.83. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 20.38 and a beta of 1.75. The firm has a 50 day moving average of $46.94 and a 200 day moving average of $44.98.
H. B. Fuller (NYSE:FUL) last announced its quarterly earnings data on Wednesday, September 21st. The company reported $0.64 EPS for the quarter, missing the Zacks’ consensus estimate of $0.67 by $0.03. H. B. Fuller had a return on equity of 13.90% and a net margin of 5.32%. During the same period last year, the business earned $0.61 earnings per share. Analysts expect that H. B. Fuller Co. will post $2.54 EPS for the current fiscal year.
A number of research firms have commented on FUL. Deutsche Bank AG reduced their price objective on shares of H. B. Fuller from $50.00 to $47.00 and set a “hold” rating for the company in a research note on Friday. Zacks Investment Research downgraded H. B. Fuller from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th.
In other H. B. Fuller news, insider James Owens sold 55,048 shares of the firm’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $46.43, for a total transaction of $2,555,878.64. Following the transaction, the insider now owns 151,293 shares in the company, valued at $7,024,533.99. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Timothy J. Keenan sold 8,037 shares of the firm’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $46.03, for a total value of $369,943.11. Following the transaction, the vice president now owns 22,142 shares in the company, valued at approximately $1,019,196.26. The disclosure for this sale can be found here. 3.55% of the stock is owned by corporate insiders.
H. B. Fuller Company Profile
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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