HB Fuller Co (NYSE:FUL) Position Cut by Chatham Capital Group Inc.

Chatham Capital Group Inc. decreased its position in HB Fuller Co (NYSE:FUL) by 2.3% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 31,957 shares of the specialty chemicals company’s stock after selling 751 shares during the period. Chatham Capital Group Inc. owned about 0.06% of HB Fuller worth $1,554,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FUL. Norges Bank bought a new stake in shares of HB Fuller during the 4th quarter valued at $21,034,000. Millennium Management LLC acquired a new stake in HB Fuller during the fourth quarter worth approximately $10,259,000. Public Employees Retirement Association of Colorado grew its stake in HB Fuller by 2,763.0% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 229,931 shares of the specialty chemicals company’s stock worth $9,811,000 after purchasing an additional 221,900 shares during the period. BlackRock Inc. grew its stake in HB Fuller by 1.9% during the fourth quarter. BlackRock Inc. now owns 7,497,141 shares of the specialty chemicals company’s stock worth $319,903,000 after purchasing an additional 138,231 shares during the period. Finally, Mairs & Power INC grew its stake in HB Fuller by 4.7% in the fourth quarter. Mairs & Power INC now owns 2,649,377 shares of the specialty chemicals company’s stock valued at $113,049,000 after acquiring an additional 117,958 shares during the period. Hedge funds and other institutional investors own 98.94% of the company’s stock.

FUL traded down $1.04 during midday trading on Friday, reaching $43.63. 204,300 shares of the company’s stock traded hands, compared to its average volume of 389,866. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 14.54, a PEG ratio of 1.11 and a beta of 1.52. The company has a debt-to-equity ratio of 1.83, a current ratio of 2.10 and a quick ratio of 1.36. HB Fuller Co has a 52 week low of $39.22 and a 52 week high of $59.58.

HB Fuller (NYSE:FUL) last released its quarterly earnings results on Wednesday, March 27th. The specialty chemicals company reported $0.34 EPS for the quarter, meeting analysts’ consensus estimates of $0.34. HB Fuller had a return on equity of 13.53% and a net margin of 4.52%. The business had revenue of $673.00 million during the quarter, compared to analyst estimates of $697.64 million. The business’s revenue was down 5.6% compared to the same quarter last year. As a group, sell-side analysts expect that HB Fuller Co will post 3.29 EPS for the current fiscal year.

A number of research analysts have recently weighed in on FUL shares. Zacks Investment Research upgraded HB Fuller from a “sell” rating to a “hold” rating in a report on Monday, March 25th. JPMorgan Chase & Co. downgraded HB Fuller from an “overweight” rating to a “neutral” rating and set a $50.79 target price for the company. in a research report on Tuesday, April 9th. They noted that the move was a valuation call. ValuEngine cut HB Fuller from a “hold” rating to a “sell” rating in a research report on Monday, May 20th. Finally, TheStreet cut HB Fuller from a “b-” rating to a “c+” rating in a research report on Tuesday, June 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $57.97.

In other news, VP Heather Campe sold 11,457 shares of the firm’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $50.36, for a total transaction of $576,974.52. Following the completion of the transaction, the vice president now owns 20,644 shares in the company, valued at $1,039,631.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 3.46% of the company’s stock.

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HB Fuller Company Profile

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, and other specialty chemical products worldwide. The company operates through five segments: Americas Adhesives, EIMEA, Asia Pacific, Construction Adhesives, and Engineering Adhesives.

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Institutional Ownership by Quarter for HB Fuller (NYSE:FUL)

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