Ajo LP maintained its stake in shares of H. B. Fuller Co. (NYSE:FUL) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 8,537 shares of the company’s stock at the end of the second quarter. Ajo LP’s holdings in H. B. Fuller were worth $376,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in FUL. Franklin Resources Inc. boosted its position in shares of H. B. Fuller by 3.1% in the first quarter. Franklin Resources Inc. now owns 2,680,846 shares of the company’s stock worth $113,801,000 after buying an additional 80,121 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of H. B. Fuller by 8.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,790,936 shares of the company’s stock worth $78,781,000 after buying an additional 144,249 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of H. B. Fuller by 2.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,244,741 shares of the company’s stock worth $52,839,000 after buying an additional 33,211 shares during the last quarter. Norges Bank purchased a new position in shares of H. B. Fuller during the fourth quarter worth about $15,710,000. Finally, Goldman Sachs Group Inc. boosted its position in shares of H. B. Fuller by 268.6% in the first quarter. Goldman Sachs Group Inc. now owns 414,955 shares of the company’s stock worth $17,615,000 after buying an additional 302,369 shares during the last quarter. Hedge funds and other institutional investors own 89.00% of the company’s stock.

Shares of H. B. Fuller Co. (NYSE:FUL) traded down 0.48% during trading on Friday, reaching $43.97. The company’s stock had a trading volume of 248,126 shares. The stock has a market capitalization of $2.21 billion, a PE ratio of 20.45 and a beta of 1.75. H. B. Fuller Co. has a 12-month low of $32.49 and a 12-month high of $48.83. The firm’s 50-day moving average is $46.94 and its 200-day moving average is $44.98.

H. B. Fuller (NYSE:FUL) last issued its quarterly earnings results on Wednesday, September 21st. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.67 by $0.03. H. B. Fuller had a return on equity of 13.90% and a net margin of 5.32%. During the same period last year, the company posted $0.61 earnings per share. Equities analysts expect that H. B. Fuller Co. will post $2.54 earnings per share for the current year.

A number of brokerages recently issued reports on FUL. Zacks Investment Research upgraded shares of H. B. Fuller from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research note on Tuesday, June 21st. Deutsche Bank AG upped their price target on shares of H. B. Fuller from $47.00 to $50.00 and gave the stock a “hold” rating in a research note on Friday, June 24th.

In other H. B. Fuller news, insider James Owens sold 55,048 shares of the firm’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $46.43, for a total value of $2,555,878.64. Following the completion of the sale, the insider now owns 151,293 shares of the company’s stock, valued at $7,024,533.99. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Timothy J. Keenan sold 8,037 shares of the firm’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $46.03, for a total value of $369,943.11. Following the completion of the sale, the vice president now directly owns 22,142 shares of the company’s stock, valued at approximately $1,019,196.26. The disclosure for this sale can be found here. 3.55% of the stock is owned by company insiders.

About H. B. Fuller

H.B. Fuller Company is a formulator, manufacturer and marketer of adhesives, sealants and other specialty chemical products. The Company’s segments include Americas Adhesives; Europe, India, Middle East and Africa (EIMEA); Asia Pacific, and Construction Products. The Americas Adhesives segment includes a range of specialty adhesives, such as thermoplastic, thermoset, reactive, and water-based and solvent-based products.

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