Thrivent Financial for Lutherans Has $2.31 Million Position in H. B. Fuller Company $FUL

Thrivent Financial for Lutherans lessened its position in H. B. Fuller Company (NYSE:FUL) by 17.9% in the 3rd quarter, Holdings Channel reports. The firm owned 39,029 shares of the specialty chemicals company’s stock after selling 8,495 shares during the period. Thrivent Financial for Lutherans’ holdings in H. B. Fuller were worth $2,314,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Deprince Race & Zollo Inc. increased its position in shares of H. B. Fuller by 80.4% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 555,877 shares of the specialty chemicals company’s stock valued at $32,952,000 after buying an additional 247,815 shares in the last quarter. JPMorgan Chase & Co. grew its stake in H. B. Fuller by 16.2% in the second quarter. JPMorgan Chase & Co. now owns 612,048 shares of the specialty chemicals company’s stock valued at $36,815,000 after acquiring an additional 85,469 shares during the period. Squarepoint Ops LLC bought a new stake in shares of H. B. Fuller in the second quarter worth about $1,661,000. Vanguard Personalized Indexing Management LLC increased its holdings in shares of H. B. Fuller by 12.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,904 shares of the specialty chemicals company’s stock worth $596,000 after acquiring an additional 1,077 shares in the last quarter. Finally, Luminus Management LLC acquired a new stake in shares of H. B. Fuller during the third quarter worth about $2,172,000. 95.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on FUL. Wall Street Zen lowered H. B. Fuller from a “buy” rating to a “hold” rating in a research report on Monday, November 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of H. B. Fuller in a report on Friday, January 16th. Citigroup raised their price objective on shares of H. B. Fuller from $70.00 to $76.00 and gave the stock a “buy” rating in a report on Friday, January 16th. UBS Group set a $66.00 target price on shares of H. B. Fuller in a research note on Friday, January 16th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of H. B. Fuller in a research note on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, H. B. Fuller currently has an average rating of “Hold” and an average price target of $67.75.

H. B. Fuller Stock Performance

Shares of FUL opened at $66.37 on Wednesday. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of 22.12, a PEG ratio of 0.98 and a beta of 1.10. H. B. Fuller Company has a 12 month low of $47.56 and a 12 month high of $67.29. The firm has a fifty day simple moving average of $61.21 and a 200 day simple moving average of $59.75. The company has a current ratio of 1.70, a quick ratio of 1.06 and a debt-to-equity ratio of 1.01.

H. B. Fuller (NYSE:FUL) last issued its quarterly earnings results on Thursday, January 15th. The specialty chemicals company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.24 by $0.04. H. B. Fuller had a net margin of 4.38% and a return on equity of 12.21%. The firm had revenue of $894.79 million for the quarter, compared to analysts’ expectations of $901.34 million. During the same period in the previous year, the firm posted $0.92 EPS. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. Research analysts forecast that H. B. Fuller Company will post 4.07 EPS for the current fiscal year.

H. B. Fuller Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Thursday, February 5th will be issued a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a yield of 1.4%. The ex-dividend date is Thursday, February 5th. H. B. Fuller’s dividend payout ratio is presently 31.33%.

Insider Buying and Selling

In other H. B. Fuller news, VP Nathan D. Weaver sold 7,075 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $58.38, for a total value of $413,038.50. Following the completion of the transaction, the vice president directly owned 9,441 shares in the company, valued at $551,165.58. This trade represents a 42.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.99% of the company’s stock.

H. B. Fuller Company 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.