Ceredex Value Advisors LLC Invests $11.21 Million in H. B. Fuller Company $FUL

Ceredex Value Advisors LLC acquired a new stake in H. B. Fuller Company (NYSE:FUL) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 189,150 shares of the specialty chemicals company’s stock, valued at approximately $11,213,000. Ceredex Value Advisors LLC owned about 0.35% of H. B. Fuller as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. California State Teachers Retirement System grew its position in H. B. Fuller by 0.3% in the second quarter. California State Teachers Retirement System now owns 50,486 shares of the specialty chemicals company’s stock valued at $3,037,000 after purchasing an additional 173 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of H. B. Fuller by 1.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 24,867 shares of the specialty chemicals company’s stock worth $1,474,000 after buying an additional 251 shares during the last quarter. Cerity Partners LLC grew its holdings in shares of H. B. Fuller by 2.3% in the 2nd quarter. Cerity Partners LLC now owns 11,499 shares of the specialty chemicals company’s stock valued at $692,000 after acquiring an additional 261 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of H. B. Fuller by 2.8% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 10,177 shares of the specialty chemicals company’s stock valued at $603,000 after acquiring an additional 273 shares in the last quarter. Finally, Corient Private Wealth LLC increased its position in shares of H. B. Fuller by 1.3% in the second quarter. Corient Private Wealth LLC now owns 23,835 shares of the specialty chemicals company’s stock valued at $1,434,000 after acquiring an additional 303 shares during the last quarter. Institutional investors and hedge funds own 95.93% of the company’s stock.

H. B. Fuller Stock Performance

FUL opened at $58.49 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.70 and a debt-to-equity ratio of 1.01. H. B. Fuller Company has a 12-month low of $47.56 and a 12-month high of $68.63. The business has a 50 day moving average of $63.15 and a 200-day moving average of $60.69. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 0.88 and a beta of 1.07.

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

H. B. Fuller Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Thursday, February 5th were issued a dividend of $0.235 per share. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $0.94 annualized dividend and a dividend yield of 1.6%. H. B. Fuller’s payout ratio is presently 31.33%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Wall Street Zen raised H. B. Fuller from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Citigroup upped their price objective on H. B. Fuller from $70.00 to $76.00 and gave the stock a “buy” rating in a research note on Friday, January 16th. Weiss Ratings reissued a “hold (c)” rating on shares of H. B. Fuller in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of H. B. Fuller in a research note on Friday, January 16th. Finally, UBS Group set a $66.00 price target on shares of H. B. Fuller in a research report on Friday, January 16th. Three 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’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $67.75.

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.