AlphaQuest LLC Purchases 5,565 Shares of H. B. Fuller Company $FUL

AlphaQuest LLC increased its position in H. B. Fuller Company (NYSE:FUL) by 127.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,939 shares of the specialty chemicals company’s stock after acquiring an additional 5,565 shares during the quarter. AlphaQuest LLC’s holdings in H. B. Fuller were worth $598,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Parallel Advisors LLC increased its holdings in shares of H. B. Fuller by 141.6% during the 2nd quarter. Parallel Advisors LLC now owns 534 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 313 shares during the period. Strs Ohio bought a new position in shares of H. B. Fuller during the 1st quarter worth about $101,000. Signaturefd LLC increased its holdings in shares of H. B. Fuller by 20.5% during the 2nd quarter. Signaturefd LLC now owns 1,743 shares of the specialty chemicals company’s stock worth $105,000 after purchasing an additional 297 shares during the period. GAMMA Investing LLC increased its holdings in shares of H. B. Fuller by 119.0% during the 2nd quarter. GAMMA Investing LLC now owns 2,952 shares of the specialty chemicals company’s stock worth $178,000 after purchasing an additional 1,604 shares during the period. Finally, CWM LLC increased its holdings in shares of H. B. Fuller by 444.7% during the 2nd quarter. CWM LLC now owns 3,622 shares of the specialty chemicals company’s stock worth $218,000 after purchasing an additional 2,957 shares during the period. Institutional investors own 95.93% of the company’s stock.

Insider Transactions at H. B. Fuller

In other H. B. Fuller news, VP Joao Magalhaes sold 1,099 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $56.31, for a total value of $61,884.69. Following the transaction, the vice president directly owned 3,285 shares of the company’s stock, valued at approximately $184,978.35. This trade represents a 25.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.99% of the company’s stock.

H. B. Fuller Price Performance

Shares of FUL stock opened at $60.08 on Tuesday. H. B. Fuller Company has a 1 year low of $47.56 and a 1 year high of $80.15. The firm’s 50 day moving average is $60.14 and its 200-day moving average is $58.05. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of 32.48, a PEG ratio of 1.11 and a beta of 1.12. The company has a current ratio of 1.93, a quick ratio of 1.18 and a debt-to-equity ratio of 1.06.

H. B. Fuller (NYSE:FUL) last announced 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 net margin of 3.28% and a return on equity of 11.49%. The company had revenue of $725.90 million for the quarter. H. B. Fuller has set its FY 2022 guidance at $4.100-$4.350 EPS. Sell-side analysts forecast that H. B. Fuller Company will post 4.07 EPS for the current fiscal year.

H. B. Fuller Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Thursday, October 16th will be paid a $0.235 dividend. The ex-dividend date of this dividend is Thursday, October 16th. This represents a $0.94 dividend on an annualized basis and a yield of 1.6%. H. B. Fuller’s dividend payout ratio (DPR) is presently 50.81%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on FUL. Seaport Res Ptn upgraded shares of H. B. Fuller from a “hold” rating to a “strong-buy” rating in a report on Friday, September 26th. Wall Street Zen upgraded shares of H. B. Fuller from a “hold” rating to a “buy” rating in a research report on Saturday. Citigroup upgraded shares of H. B. Fuller from a “neutral” rating to a “buy” rating and lifted their target price for the company from $62.00 to $70.00 in a research report on Wednesday, October 22nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of H. B. Fuller in a research report on Tuesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, H. B. Fuller presently has an average rating of “Moderate Buy” and a consensus target price of $67.75.

H. B. Fuller Company Profile

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.