H. B. Fuller Company $FUL Shares Acquired by Wesbanco Bank Inc.

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. grew its position in H. B. Fuller Company (NYSE:FUL - Free Report) by 86.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,500 shares of the specialty chemicals company's stock after acquiring an additional 11,800 shares during the period. Wesbanco Bank Inc.'s holdings in H. B. Fuller were worth $1,534,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Cooke & Bieler LP purchased a new stake in shares of H. B. Fuller in the first quarter valued at approximately $36,830,000. Neo Ivy Capital Management acquired a new stake in H. B. Fuller in the 1st quarter valued at $990,000. Entropy Technologies LP purchased a new stake in H. B. Fuller in the 1st quarter worth $581,000. Neuberger Berman Group LLC raised its position in H. B. Fuller by 25.4% during the first quarter. Neuberger Berman Group LLC now owns 6,538 shares of the specialty chemicals company's stock worth $367,000 after acquiring an additional 1,323 shares during the period. Finally, Quantbot Technologies LP lifted its holdings in H. B. Fuller by 612.4% during the first quarter. Quantbot Technologies LP now owns 28,083 shares of the specialty chemicals company's stock valued at $1,576,000 after purchasing an additional 24,141 shares in the last quarter. 95.93% of the stock is currently owned by institutional investors and hedge funds.

H. B. Fuller Price Performance

Shares of NYSE FUL opened at $61.87 on Monday. The stock's 50-day simple moving average is $60.01 and its 200-day simple moving average is $56.96. The firm has a market capitalization of $3.34 billion, a PE ratio of 33.44, a price-to-earnings-growth ratio of 1.01 and a beta of 1.14. H. B. Fuller Company has a fifty-two week low of $47.56 and a fifty-two week high of $84.12. 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 (NYSE:FUL - Get Free Report) last released its quarterly earnings results on Wednesday, June 25th. The specialty chemicals company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.10 by $0.08. The firm had revenue of $898.10 million during the quarter, compared to the consensus estimate of $894.87 million. H. B. Fuller had a net margin of 2.92% and a return on equity of 11.50%. H. B. Fuller's revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.12 EPS. H. B. Fuller has set its FY 2025 guidance at 4.100-4.30 EPS. As a group, equities research analysts forecast that H. B. Fuller Company will post 4.07 EPS for the current fiscal year.

H. B. Fuller Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, July 31st were paid a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, July 31st. H. B. Fuller's dividend payout ratio (DPR) is 50.81%.

Insider Buying and Selling

In other news, VP Joao Magalhaes sold 1,099 shares of the business's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $56.31, for a total value of $61,884.69. Following the completion of the transaction, the vice president directly owned 3,285 shares of the company's stock, valued at $184,978.35. The trade was a 25.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Robert J. Martsching sold 9,546 shares of the firm's stock in a transaction 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 sale, the vice president owned 14,980 shares in the company, valued at $963,214. This trade represents a 38.92% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,691 shares of company stock valued at $734,478. Corporate insiders own 1.99% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on FUL shares. Robert W. Baird increased their price objective on H. B. Fuller from $60.00 to $75.00 and gave the company an "outperform" rating in a research note on Friday, June 27th. JPMorgan Chase & Co. increased their target price on shares of H. B. Fuller from $50.00 to $54.00 and gave the company an "underweight" rating in a research report on Friday, June 27th. One equities research analyst has 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. Based on data from 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.

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