Fuller & Thaler Asset Management Inc. Purchases 8,440 Shares of Baker Hughes Company $BKR

Key Points

• Fuller & Thaler Asset Management Inc. increased its holdings in Baker Hughes by 26.1%, owning 40,780 shares valued at approximately $1.79 million.
• Multiple institutional investors, including China Universal Asset Management and Principal Financial Group, also expanded their positions in Baker Hughes during the first quarter.
• Baker Hughes reported earnings per share of $0.63, outperforming estimates, and declared a quarterly dividend of $0.23 per share with a yield of 2.1%.

Fuller & Thaler Asset Management Inc. grew its stake in Baker Hughes Company (NASDAQ:BKR - Free Report) by 26.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,780 shares of the company's stock after purchasing an additional 8,440 shares during the quarter. Fuller & Thaler Asset Management Inc.'s holdings in Baker Hughes were worth $1,792,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of BKR. Wayfinding Financial LLC bought a new position in Baker Hughes during the 1st quarter valued at $28,000. Golden State Wealth Management LLC lifted its stake in Baker Hughes by 678.7% during the 1st quarter. Golden State Wealth Management LLC now owns 693 shares of the company's stock valued at $30,000 after acquiring an additional 604 shares in the last quarter. N.E.W. Advisory Services LLC bought a new position in Baker Hughes during the 1st quarter valued at $30,000. Grove Bank & Trust lifted its stake in Baker Hughes by 76.2% during the 1st quarter. Grove Bank & Trust now owns 740 shares of the company's stock valued at $33,000 after acquiring an additional 320 shares in the last quarter. Finally, Spire Wealth Management lifted its stake in Baker Hughes by 132.9% during the 1st quarter. Spire Wealth Management now owns 815 shares of the company's stock valued at $36,000 after acquiring an additional 465 shares in the last quarter. 92.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on BKR shares. Evercore ISI boosted their price objective on Baker Hughes from $53.00 to $55.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Jefferies Financial Group set a $58.00 price objective on Baker Hughes in a research report on Wednesday, July 30th. TD Cowen upped their price target on Baker Hughes from $52.00 to $54.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Seaport Res Ptn cut Baker Hughes from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 29th. Finally, Industrial Alliance Securities set a $53.00 price target on Baker Hughes in a research report on Wednesday, July 30th. Twenty investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $52.29.

Insiders Place Their Bets

In other Baker Hughes news, CEO Lorenzo Simonelli sold 526,568 shares of the company's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $44.42, for a total value of $23,390,150.56. Following the transaction, the chief executive officer directly owned 667,593 shares in the company, valued at $29,654,481.06. This represents a 44.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.27% of the stock is owned by corporate insiders.

Baker Hughes Stock Performance

Shares of NASDAQ:BKR traded up $1.30 during midday trading on Friday, reaching $44.76. 4,485,915 shares of the company traded hands, compared to its average volume of 6,179,178. The company has a quick ratio of 1.00, a current ratio of 1.41 and a debt-to-equity ratio of 0.33. Baker Hughes Company has a 12 month low of $32.25 and a 12 month high of $49.40. The firm has a market capitalization of $44.13 billion, a price-to-earnings ratio of 14.63, a price-to-earnings-growth ratio of 2.04 and a beta of 0.94. The firm's fifty day moving average price is $41.35 and its two-hundred day moving average price is $40.70.

Baker Hughes (NASDAQ:BKR - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The company reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.08. The business had revenue of $6.91 billion for the quarter, compared to analyst estimates of $6.64 billion. Baker Hughes had a return on equity of 14.56% and a net margin of 11.04%.The company's quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.57 EPS. Baker Hughes has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities analysts expect that Baker Hughes Company will post 2.59 earnings per share for the current year.

Baker Hughes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Tuesday, August 5th. Baker Hughes's dividend payout ratio is currently 30.07%.

Baker Hughes Profile

Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide. The company operates through Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET) segments. The OFSE segment designs and manufactures products and provides related services, including exploration, appraisal, development, production, rejuvenation, and decommissioning for onshore and offshore oilfield operations.