Wesbanco Bank Inc. Grows Holdings in H. B. Fuller Company $FUL

Key Points

• Wesbanco Bank Inc. increased its stake in H. B. Fuller Company by 86.1% during the second quarter, acquiring an additional 11,800 shares, bringing its total holdings to 25,500 shares worth approximately $1.53 million.
• H. B. Fuller reported a quarterly earnings per share (EPS) of $1.18, surpassing estimates, with revenue of $898.1 million, although overall revenue declined 2.1% year-over-year.
• The company's quarterly dividend payment was $0.235 per share, resulting in an annualized yield of 1.5% with a payout ratio of 50.81%.

Wesbanco Bank Inc. lifted its position in H. B. Fuller Company (NYSE:FUL - Free Report) by 86.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,500 shares of the specialty chemicals company's stock after acquiring an additional 11,800 shares during the quarter. Wesbanco Bank Inc.'s holdings in H. B. Fuller were worth $1,534,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of FUL. Strs Ohio acquired a new stake in H. B. Fuller in the 1st quarter valued at about $101,000. Neuberger Berman Group LLC grew its holdings in 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 valued at $367,000 after buying an additional 1,323 shares in the last quarter. Entropy Technologies LP bought a new stake in H. B. Fuller in the first quarter valued at approximately $581,000. Neo Ivy Capital Management purchased a new stake in shares of H. B. Fuller in the first quarter worth $990,000. Finally, Quantbot Technologies LP raised its stake in shares of H. B. Fuller by 612.4% in the first quarter. Quantbot Technologies LP now owns 28,083 shares of the specialty chemicals company's stock worth $1,576,000 after buying an additional 24,141 shares during the period. Institutional investors own 95.93% of the company's stock.

H. B. Fuller Trading Down 0.9%

Shares of NYSE:FUL traded down $0.55 during trading on Friday, reaching $61.06. The stock had a trading volume of 139,207 shares, compared to its average volume of 465,850. The firm's fifty day moving average is $59.91 and its 200 day moving average is $57.09. The stock has a market cap of $3.30 billion, a price-to-earnings ratio of 33.01, a P/E/G ratio of 1.00 and a beta of 1.14. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.15 and a current ratio of 1.87. H. B. Fuller Company has a 52 week low of $47.56 and a 52 week high of $83.96.

H. B. Fuller (NYSE:FUL - Get Free Report) last issued its earnings results on Wednesday, June 25th. The specialty chemicals company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.08. The firm had revenue of $898.10 million for the quarter, compared to analysts' expectations of $894.87 million. H. B. Fuller had a net margin of 2.92% and a return on equity of 11.50%. The business's revenue was down 2.1% on a year-over-year basis. During the same quarter last year, the business earned $1.12 earnings per share. H. B. Fuller has set its FY 2025 guidance at 4.100-4.30 EPS. As a group, equities analysts forecast that H. B. Fuller Company will post 4.07 EPS for the current fiscal year.

H. B. Fuller Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, July 31st were paid a dividend of $0.235 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $0.94 annualized dividend and a yield of 1.5%. H. B. Fuller's dividend payout ratio is presently 50.81%.

Insider Transactions at H. B. Fuller

In related news, VP Robert J. Martsching sold 9,546 shares of the firm's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $64.30, for a total value of $613,807.80. Following the completion of the transaction, the vice president directly owned 14,980 shares of the company's stock, valued at $963,214. This trade represents a 38.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Joao Magalhaes sold 1,099 shares of H. B. Fuller stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $56.31, for a total value of $61,884.69. Following the sale, the vice president directly owned 3,285 shares in the company, valued at approximately $184,978.35. The trade was a 25.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,691 shares of company stock valued at $734,478. Insiders own 1.99% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on FUL. Robert W. Baird upped their target price on H. B. Fuller from $60.00 to $75.00 and gave the company an "outperform" rating in a research report on Friday, June 27th. JPMorgan Chase & Co. increased their price target on H. B. Fuller from $50.00 to $54.00 and gave the company an "underweight" rating in a report on Friday, June 27th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, H. B. Fuller presently has an average rating of "Hold" and an average target price of $67.25.

About H. B. Fuller

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.