Squarepoint Ops LLC Makes New $1.66 Million Investment in H. B. Fuller Company $FUL

Squarepoint Ops LLC bought a new position in shares of H. B. Fuller Company (NYSE:FUL) during the second quarter, Holdings Channel.com reports. The fund bought 27,607 shares of the specialty chemicals company’s stock, valued at approximately $1,661,000.

A number of other large investors have also recently made changes to their positions in the company. Parallel Advisors LLC increased its position in H. B. Fuller by 141.6% during the second quarter. Parallel Advisors LLC now owns 534 shares of the specialty chemicals company’s stock worth $32,000 after buying an additional 313 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of H. B. Fuller by 129.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,218 shares of the specialty chemicals company’s stock worth $73,000 after acquiring an additional 688 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of H. B. Fuller by 44.4% during the second quarter. Smartleaf Asset Management LLC now owns 1,307 shares of the specialty chemicals company’s stock worth $81,000 after acquiring an additional 402 shares during the last quarter. Strs Ohio purchased a new stake in H. B. Fuller in the 1st quarter valued at $101,000. Finally, Signaturefd LLC raised its position in H. B. Fuller by 20.5% in the 2nd quarter. Signaturefd LLC now owns 1,743 shares of the specialty chemicals company’s stock valued at $105,000 after purchasing an additional 297 shares during the last quarter. 95.93% of the stock is owned by institutional investors and hedge funds.

H. B. Fuller Price Performance

Shares of NYSE:FUL opened at $59.88 on Friday. H. B. Fuller Company has a 52 week low of $47.56 and a 52 week high of $70.34. The company has a 50-day moving average price of $58.53 and a 200 day moving average price of $59.00. The company has a market cap of $3.24 billion, a P/E ratio of 32.37, a PEG ratio of 0.98 and a beta of 1.09. The company has a quick ratio of 1.18, a current ratio of 1.93 and a debt-to-equity ratio of 1.06.

H. B. Fuller (NYSE:FUL) last issued its earnings results on Wednesday, April 13th. The specialty chemicals company reported $0.66 earnings per share (EPS) for the quarter. H. B. Fuller had a return on equity of 11.49% and a net margin of 3.28%.The business had revenue of $725.90 million during the quarter. H. B. Fuller has set its FY 2022 guidance at $4.100-$4.350 EPS. Research analysts predict that H. B. Fuller Company will post 4.07 earnings per share for the current year.

H. B. Fuller Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 30th. Investors of record on Thursday, October 16th were issued a dividend of $0.235 per share. The ex-dividend date of this dividend was Thursday, October 16th. This represents a $0.94 dividend on an annualized basis and a yield of 1.6%. H. B. Fuller’s payout ratio is currently 50.81%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Wall Street Zen lowered shares of H. B. Fuller from a “buy” rating to a “hold” rating in a research note on Monday, November 24th. Seaport Res Ptn raised H. B. Fuller from a “hold” rating to a “strong-buy” rating in a report on Friday, September 26th. Citigroup raised H. B. Fuller from a “neutral” rating to a “buy” rating and upped their price objective for the company from $62.00 to $70.00 in a research note on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of H. B. Fuller in a research report on Monday. Finally, UBS Group initiated coverage on H. B. Fuller in a report on Friday, November 21st. They issued a “neutral” rating and a $60.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.20.

Insider Activity

In other news, VP Nathan D. Weaver sold 7,075 shares of H. B. Fuller stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $58.38, for a total transaction of $413,038.50. Following the completion of the sale, the vice president directly owned 9,441 shares in the company, valued at approximately $551,165.58. This trade represents a 42.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO John J. Corkrean sold 14,222 shares of H. B. Fuller stock in a transaction on Monday, October 27th. The stock was sold at an average price of $60.31, for a total value of $857,728.82. Following the transaction, the chief financial officer directly owned 54,646 shares of the company’s stock, valued at approximately $3,295,700.26. This represents a 20.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.99% of the company’s stock.

H. B. Fuller Profile

H. B. Fuller Company, founded in 1887 and headquartered in St. Paul, Minnesota, is a global adhesives and specialty chemical solutions provider serving a wide array of industries. The company develops, manufactures and markets adhesive technologies, sealants, polymers and related chemical products designed to enhance product performance, sustainability and manufacturing efficiency.

Fuller’s product portfolio spans multiple market segments, including packaging and converting, general industrial assembly, electronics, transportation, hygiene and construction.