Voya Investment Management LLC Sells 348,523 Shares of H. B. Fuller Company $FUL

Key Points

• Voya Investment Management LLC reduced its holdings in H. B. Fuller Company by 89.1% in the first quarter, owning only 42,733 shares after selling 348,523 shares during this period.
• H. B. Fuller reported earnings of $1.18 per share, exceeding analysts' expectations of $1.10, while its revenue for the quarter was $898.10 million, slightly above the expected $894.87 million.
• H. B. Fuller recently announced a quarterly dividend of $0.235 per share, reflecting an annualized rate of $0.94 and a dividend yield of 1.5%.

Voya Investment Management LLC cut its stake in shares of H. B. Fuller Company (NYSE:FUL - Free Report) by 89.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,733 shares of the specialty chemicals company's stock after selling 348,523 shares during the quarter. Voya Investment Management LLC owned approximately 0.08% of H. B. Fuller worth $2,398,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Neuberger Berman Group LLC boosted 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 valued at $367,000 after acquiring an additional 1,323 shares during the last quarter. Strs Ohio bought a new stake in H. B. Fuller in the first quarter worth $101,000. Dorsey & Whitney Trust CO LLC lifted its position in H. B. Fuller by 3.6% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 82,124 shares of the specialty chemicals company's stock worth $4,609,000 after buying an additional 2,857 shares during the last quarter. Entropy Technologies LP bought a new stake in H. B. Fuller in the first quarter worth $581,000. Finally, Neo Ivy Capital Management bought a new stake in H. B. Fuller in the first quarter worth $990,000. 95.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FUL. Robert W. Baird increased their target price on H. B. Fuller from $60.00 to $75.00 and gave the stock an "outperform" rating in a research note on Friday, June 27th. JPMorgan Chase & Co. increased their target price on H. B. Fuller from $50.00 to $54.00 and gave the stock an "underweight" rating in a research note on Friday, June 27th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $67.25.

Insiders Place Their Bets

In other news, VP Robert J. Martsching sold 9,546 shares of the company's stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $64.30, for a total value of $613,807.80. Following the transaction, the vice president directly owned 14,980 shares of the company's stock, valued at approximately $963,214. This represents a 38.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Joao Magalhaes sold 1,099 shares of the company's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $56.31, for a total transaction of $61,884.69. Following the completion of the transaction, the vice president directly owned 3,285 shares in the company, valued at $184,978.35. This trade represents a 25.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,691 shares of company stock worth $734,478 over the last ninety days. 1.99% of the stock is currently owned by company insiders.

H. B. Fuller Stock Performance

Shares of NYSE FUL traded down $0.54 during midday trading on Tuesday, hitting $60.12. 96,422 shares of the company's stock were exchanged, compared to its average volume of 467,998. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.87 and a quick ratio of 1.15. The stock's 50 day moving average price is $59.83 and its 200-day moving average price is $57.17. The firm has a market cap of $3.24 billion, a P/E ratio of 32.50, a PEG ratio of 1.00 and a beta of 1.14. H. B. Fuller Company has a twelve month low of $47.56 and a twelve month high of $82.41.

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

H. B. Fuller Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, July 31st were paid a $0.235 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.6%. H. B. Fuller's dividend payout ratio is 50.81%.

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.