Wedge Capital Management L L P NC Has $28.53 Million Position in H. B. Fuller Company (NYSE:FUL)
Wedge Capital Management L L P NC decreased its position in shares of H. B. Fuller Company (NYSE:FUL) by 1.3% during the second quarter, Holdings Channel reports. The institutional investor owned 558,135 shares of the specialty chemicals company’s stock after selling 7,439 shares during the period. Wedge Capital Management L L P NC’s holdings in H. B. Fuller were worth $28,526,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Tyers Asset Management LLC boosted its position in H. B. Fuller by 6.6% in the first quarter. Tyers Asset Management LLC now owns 2,064 shares of the specialty chemicals company’s stock worth $106,000 after buying an additional 128 shares in the last quarter. Point72 Asia Hong Kong Ltd purchased a new position in shares of H. B. Fuller during the first quarter valued at about $117,000. Elkfork Partners LLC boosted its position in shares of H. B. Fuller by 6.6% in the first quarter. Elkfork Partners LLC now owns 2,838 shares of the specialty chemicals company’s stock valued at $146,000 after buying an additional 176 shares during the period. Meadow Creek Investment Management LLC boosted its position in shares of H. B. Fuller by 6.6% in the first quarter. Meadow Creek Investment Management LLC now owns 3,612 shares of the specialty chemicals company’s stock valued at $186,000 after buying an additional 224 shares during the period. Finally, LaSalle Street Capital Management LLC purchased a new position in shares of H. B. Fuller during the first quarter valued at about $207,000. 93.03% of the stock is currently owned by hedge funds and other institutional investors.
H. B. Fuller Company (NYSE:FUL) opened at 50.34 on Friday. The company has a 50-day moving average price of $51.39 and a 200 day moving average price of $51.01. H. B. Fuller Company has a 52 week low of $41.52 and a 52 week high of $54.32. The company has a market cap of $2.54 billion, a PE ratio of 23.01 and a beta of 1.68.
H. B. Fuller (NYSE:FUL) last announced its earnings results on Wednesday, June 28th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by $0.05. The firm had revenue of $561.65 million during the quarter. H. B. Fuller had a net margin of 5.23% and a return on equity of 13.32%. During the same quarter last year, the firm posted $0.67 earnings per share. On average, equities research analysts forecast that H. B. Fuller Company will post $2.60 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 10th. Shareholders of record on Thursday, July 27th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Tuesday, July 25th. H. B. Fuller’s payout ratio is 27.40%.
Several brokerages recently issued reports on FUL. BidaskClub raised H. B. Fuller from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th. Zacks Investment Research cut H. B. Fuller from a “hold” rating to a “sell” rating in a research note on Monday, July 3rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. H. B. Fuller currently has a consensus rating of “Hold” and an average target price of $52.40.
In other news, VP Dietrich J. Crail bought 970 shares of the business’s stock in a transaction on Wednesday, July 12th. The shares were bought at an average price of $51.41 per share, with a total value of $49,867.70. Following the completion of the transaction, the vice president now directly owns 970 shares in the company, valued at $49,867.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.10% of the stock is owned by 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, Construction Products and Engineering Adhesives. The Americas Adhesives, EIMEA and Asia Pacific operating segments produce and supply industrial adhesives products for applications in various markets, including durable assembly, nonwoven and hygiene, and textile.
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