DAVENPORT & Co LLC Boosts Stake in H. B. Fuller Company $FUL

Key Points

• DAVENPORT & Co LLC increased its stake in H. B. Fuller Company by 24.0% during the 2nd quarter, bringing their total holdings to 26,027 shares worth approximately $1.57 million.
• In addition to DAVENPORT, other institutional investors have also significantly boosted their holdings in H. B. Fuller, with Parallel Advisors LLC leading with a 141.6% increase this quarter.
• H. B. Fuller recently declared a quarterly dividend of $0.235 to be paid on October 30th, representing a 1.6% dividend yield based on an annualized amount of $0.94.

DAVENPORT & Co LLC lifted its position in shares of H. B. Fuller Company (NYSE:FUL - Free Report) by 24.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,027 shares of the specialty chemicals company's stock after acquiring an additional 5,033 shares during the quarter. DAVENPORT & Co LLC's holdings in H. B. Fuller were worth $1,566,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Parallel Advisors LLC boosted its stake in shares of H. B. Fuller by 141.6% during the 2nd quarter. Parallel Advisors LLC now owns 534 shares of the specialty chemicals company's stock worth $32,000 after acquiring an additional 313 shares in the last quarter. Strs Ohio acquired a new position in shares of H. B. Fuller during the 1st quarter worth about $101,000. Signaturefd LLC raised its position in shares of H. B. Fuller by 20.5% during the 2nd quarter. Signaturefd LLC now owns 1,743 shares of the specialty chemicals company's stock worth $105,000 after purchasing an additional 297 shares during the last quarter. GAMMA Investing LLC raised its position in shares of H. B. Fuller by 119.0% during the 2nd quarter. GAMMA Investing LLC now owns 2,952 shares of the specialty chemicals company's stock worth $178,000 after purchasing an additional 1,604 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its position in shares of H. B. Fuller by 25.4% during the 1st quarter. Neuberger Berman Group LLC now owns 6,538 shares of the specialty chemicals company's stock worth $367,000 after purchasing an additional 1,323 shares during the last quarter. 95.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at H. B. Fuller

In other news, VP Joao Magalhaes sold 1,099 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $56.31, for a total value of $61,884.69. Following the completion of the sale, the vice president owned 3,285 shares of the company's stock, valued at $184,978.35. This represents a 25.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.99% of the stock is currently owned by company insiders.

H. B. Fuller Stock Down 3.6%

FUL stock opened at $58.24 on Friday. The company has a market cap of $3.15 billion, a price-to-earnings ratio of 31.48, a PEG ratio of 1.09 and a beta of 1.12. The company has a current ratio of 1.93, a quick ratio of 1.18 and a debt-to-equity ratio of 1.06. H. B. Fuller Company has a 12 month low of $47.56 and a 12 month high of $81.03. The firm has a 50-day moving average of $59.68 and a two-hundred day moving average of $57.54.

H. B. Fuller (NYSE:FUL - Get Free Report) last released its quarterly earnings data on Wednesday, September 24th. The specialty chemicals company reported $1.26 EPS for the quarter, beating analysts' consensus estimates of $1.24 by $0.02. The company had revenue of $892.04 million during the quarter, compared to the consensus estimate of $894.60 million. H. B. Fuller had a net margin of 3.28% and a return on equity of 11.49%. H. B. Fuller's quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.13 EPS. H. B. Fuller has set its FY 2025 guidance at 4.100-4.250 EPS. As a group, analysts forecast that H. B. Fuller Company will post 4.07 earnings per share for the current fiscal year.

H. B. Fuller Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Thursday, October 16th will be paid a $0.235 dividend. The ex-dividend date of this dividend is Thursday, October 16th. This represents a $0.94 annualized dividend and a dividend yield of 1.6%. H. B. Fuller's dividend payout ratio is 50.81%.

Wall Street Analyst Weigh In

FUL has been the subject of several research analyst reports. Robert W. Baird upped their price target on shares of H. B. Fuller from $60.00 to $75.00 and gave the stock an "outperform" rating in a research report on Friday, June 27th. Citigroup reduced their price target on shares of H. B. Fuller from $70.00 to $62.00 and set a "neutral" rating for the company in a research report on Friday, September 26th. Weiss Ratings restated a "hold (c-)" rating on shares of H. B. Fuller in a research report on Saturday, September 27th. Seaport Res Ptn upgraded shares of H. B. Fuller from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 26th. Finally, JPMorgan Chase & Co. upped their price target on shares of H. B. Fuller from $50.00 to $54.00 and gave the stock an "underweight" rating in a research report on Friday, June 27th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, H. B. Fuller presently has an average rating of "Moderate Buy" and a consensus target price of $65.75.

H. B. Fuller Profile

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products. It operates through three segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Construction Adhesives.

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