Penn Capital Management Company LLC Has $8.86 Million Stock Position in H. B. Fuller Company $FUL

Penn Capital Management Company LLC boosted its holdings in H. B. Fuller Company (NYSE:FUL) by 15.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 148,977 shares of the specialty chemicals company’s stock after purchasing an additional 19,399 shares during the quarter. Penn Capital Management Company LLC’s holdings in H. B. Fuller were worth $8,856,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Deprince Race & Zollo Inc. lifted its position in shares of H. B. Fuller by 80.4% during 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 acquiring an additional 247,815 shares during the period. New York State Common Retirement Fund increased its stake in H. B. Fuller by 38.3% in the third quarter. New York State Common Retirement Fund now owns 149,448 shares of the specialty chemicals company’s stock valued at $8,859,000 after purchasing an additional 41,365 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of H. B. Fuller by 16.2% during the second quarter. JPMorgan Chase & Co. now owns 612,048 shares of the specialty chemicals company’s stock valued at $36,815,000 after purchasing an additional 85,469 shares during the period. Luminus Management LLC acquired a new position in shares of H. B. Fuller during the third quarter valued at about $2,172,000. Finally, Squarepoint Ops LLC bought a new position in shares of H. B. Fuller during the 2nd quarter worth about $1,661,000. Institutional investors and hedge funds own 95.93% of the company’s stock.

H. B. Fuller Stock Performance

Shares of FUL opened at $54.81 on Wednesday. H. B. Fuller Company has a 52 week low of $47.56 and a 52 week high of $68.63. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.06 and a current ratio of 1.70. The stock has a 50 day moving average price of $62.67 and a two-hundred day moving average price of $60.47. The firm has a market capitalization of $2.99 billion, a P/E ratio of 18.27, a P/E/G ratio of 0.82 and a beta of 1.07.

H. B. Fuller (NYSE:FUL) last announced its quarterly earnings results on Thursday, January 15th. The specialty chemicals company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 12.21% and a net margin of 4.38%.H. B. Fuller’s revenue was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.92 earnings per share. Equities analysts forecast that H. B. Fuller Company will post 4.07 earnings per share for the current fiscal year.

H. B. Fuller Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Thursday, February 5th were paid a $0.235 dividend. The ex-dividend date was Thursday, February 5th. This represents a $0.94 annualized dividend and a dividend yield of 1.7%. H. B. Fuller’s dividend payout ratio is presently 31.33%.

Analyst Ratings Changes

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

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.