Victory Capital Management Inc. Has $68.85 Million Stake in H. B. Fuller Company $FUL

Victory Capital Management Inc. lessened its position in H. B. Fuller Company (NYSE:FUL) by 18.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,161,382 shares of the specialty chemicals company’s stock after selling 255,886 shares during the quarter. Victory Capital Management Inc. owned approximately 2.15% of H. B. Fuller worth $68,847,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Handelsbanken Fonder AB increased its position in shares of H. B. Fuller by 12.1% in the third quarter. Handelsbanken Fonder AB now owns 18,516 shares of the specialty chemicals company’s stock valued at $1,098,000 after acquiring an additional 2,000 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in shares of H. B. Fuller by 1.6% in the third quarter. Ameritas Investment Partners Inc. now owns 19,752 shares of the specialty chemicals company’s stock valued at $1,171,000 after purchasing an additional 306 shares during the period. Vestmark Advisory Solutions Inc. bought a new position in H. B. Fuller in the 3rd quarter valued at about $661,000. JPMorgan Chase & Co. increased its stake in shares of H. B. Fuller by 15.7% during the third quarter. JPMorgan Chase & Co. now owns 708,422 shares of the specialty chemicals company’s stock worth $41,995,000 after purchasing an additional 96,374 shares during the period. Finally, State of New Jersey Common Pension Fund D lifted its holdings in shares of H. B. Fuller by 4.5% during the third quarter. State of New Jersey Common Pension Fund D now owns 35,882 shares of the specialty chemicals company’s stock worth $2,127,000 after buying an additional 1,531 shares in the last quarter. Institutional investors own 95.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Citigroup upped their target price on H. B. Fuller from $70.00 to $76.00 and gave the company a “buy” rating in a research report on Friday, January 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of H. B. Fuller in a research note on Monday, December 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of H. B. Fuller in a research note on Friday, January 16th. UBS Group set a $66.00 target price on shares of H. B. Fuller in a research report on Friday, January 16th. Finally, Wall Street Zen raised shares of H. B. Fuller from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $67.75.

H. B. Fuller Trading Down 4.1%

Shares of FUL stock opened at $61.74 on Friday. H. B. Fuller Company has a 1-year low of $47.56 and a 1-year high of $68.63. The company has a current ratio of 1.70, a quick ratio of 1.06 and a debt-to-equity ratio of 1.01. The stock has a market cap of $3.35 billion, a price-to-earnings ratio of 20.58, a PEG ratio of 0.96 and a beta of 1.07. The stock has a 50-day moving average of $63.28 and a 200-day moving average of $60.70.

H. B. Fuller (NYSE:FUL) last announced its earnings results on Thursday, January 15th. The specialty chemicals company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.04. The business had revenue of $894.79 million during the quarter, compared to the consensus estimate of $901.34 million. H. B. Fuller had a net margin of 4.38% and a return on equity of 12.21%. H. B. Fuller’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.92 earnings per share. On average, equities research analysts forecast that H. B. Fuller Company will post 4.07 earnings per share for the current year.

H. B. Fuller Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Thursday, February 5th were issued a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Thursday, February 5th. H. B. Fuller’s dividend payout ratio is currently 31.33%.

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.