Deprince Race & Zollo Inc. Boosts Stock Holdings in H. B. Fuller Company $FUL

Key Points

• Deprince Race & Zollo Inc. raised its stake in H. B. Fuller by 38.7% in Q4 to 771,058 shares (about 1.43% of the company), valued at roughly $45.85 million.
• CEO Celeste Beeks Mastin bought 5,170 shares at an average $57.08 on April 7, increasing her holding by about 147.7% and leaving insiders with roughly 1.83% ownership.
• H. B. Fuller reported Q EPS of $0.57 (beating estimates by $0.01) while revenue of $770.8M missed expectations and fell 2.3% year-over-year; the stock carries a "Moderate Buy" consensus with a $65.50 target and pays a $0.94 annual dividend (~1.5% yield).

Deprince Race & Zollo Inc. boosted its position in H. B. Fuller Company (NYSE:FUL - Free Report) by 38.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 771,058 shares of the specialty chemicals company's stock after purchasing an additional 215,181 shares during the period. Deprince Race & Zollo Inc. owned about 1.43% of H. B. Fuller worth $45,847,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Strs Ohio purchased a new stake in shares of H. B. Fuller during the first quarter worth $101,000. EverSource Wealth Advisors LLC lifted its position in shares of H. B. Fuller by 129.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,218 shares of the specialty chemicals company's stock worth $73,000 after acquiring an additional 688 shares in the last quarter. Baird Financial Group Inc. lifted its position in shares of H. B. Fuller by 19.6% during the second quarter. Baird Financial Group Inc. now owns 7,518 shares of the specialty chemicals company's stock worth $452,000 after acquiring an additional 1,232 shares in the last quarter. Marshall Wace LLP lifted its position in shares of H. B. Fuller by 382.1% during the second quarter. Marshall Wace LLP now owns 20,370 shares of the specialty chemicals company's stock worth $1,225,000 after acquiring an additional 16,145 shares in the last quarter. Finally, Cerity Partners LLC lifted its position in shares of H. B. Fuller by 2.3% during the second quarter. Cerity Partners LLC now owns 11,499 shares of the specialty chemicals company's stock worth $692,000 after acquiring an additional 261 shares in the last quarter. Hedge funds and other institutional investors own 95.93% of the company's stock.

H. B. Fuller Stock Up 0.2%

FUL opened at $63.83 on Monday. The stock has a market cap of $3.48 billion, a PE ratio of 21.07, a P/E/G ratio of 0.84 and a beta of 1.05. The company has a quick ratio of 1.15, a current ratio of 1.92 and a debt-to-equity ratio of 1.01. H. B. Fuller Company has a 52 week low of $48.71 and a 52 week high of $68.63. The business's fifty day simple moving average is $61.28 and its 200 day simple moving average is $60.04.

H. B. Fuller (NYSE:FUL - Get Free Report) last released its earnings results on Wednesday, March 25th. The specialty chemicals company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.56 by $0.01. The business had revenue of $770.84 million for the quarter, compared to analysts' expectations of $787.77 million. H. B. Fuller had a return on equity of 11.84% and a net margin of 4.62%.The firm's revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 earnings per share. As a group, research analysts expect 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 announced a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Thursday, February 5th were paid a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, February 5th. H. B. Fuller's dividend payout ratio is currently 31.02%.

Insider Transactions at H. B. Fuller

In other H. B. Fuller news, CEO Celeste Beeks Mastin purchased 5,170 shares of the business's stock in a transaction on Tuesday, April 7th. The stock was acquired at an average cost of $57.08 per share, for a total transaction of $295,103.60. Following the completion of the transaction, the chief executive officer directly owned 8,670 shares in the company, valued at approximately $494,883.60. This represents a 147.71% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.83% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on FUL shares. Citigroup increased their target price on H. B. Fuller from $67.00 to $70.00 and gave the stock a "buy" rating in a research report on Monday, March 30th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of H. B. Fuller in a research report on Friday, January 16th. Wall Street Zen raised shares of H. B. Fuller from a "hold" rating to a "buy" rating in a report on Sunday, March 29th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of H. B. Fuller in a report on Monday, December 29th. Finally, Vertical Research raised shares of H. B. Fuller from a "hold" rating to a "strong-buy" rating in a report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, H. B. Fuller currently has an average rating of "Moderate Buy" and a consensus target price of $65.50.

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.

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