PNC Financial Services Group Inc. lessened its position in HB Fuller Co (NYSE:FUL) by 3.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 100,006 shares of the specialty chemicals company’s stock after selling 3,490 shares during the quarter. PNC Financial Services Group Inc. owned about 0.20% of HB Fuller worth $4,863,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Icon Wealth Partners LLC bought a new stake in HB Fuller during the first quarter worth about $27,000. Investors Research Corp bought a new stake in shares of HB Fuller during the first quarter valued at approximately $58,000. Advisor Group Inc. grew its stake in shares of HB Fuller by 52.8% during the fourth quarter. Advisor Group Inc. now owns 1,497 shares of the specialty chemicals company’s stock valued at $64,000 after purchasing an additional 517 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in shares of HB Fuller by 16.5% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,643 shares of the specialty chemicals company’s stock valued at $113,000 after purchasing an additional 375 shares during the last quarter. Finally, Strs Ohio grew its stake in shares of HB Fuller by 92.3% during the first quarter. Strs Ohio now owns 2,500 shares of the specialty chemicals company’s stock valued at $121,000 after purchasing an additional 1,200 shares during the last quarter. Hedge funds and other institutional investors own 98.92% of the company’s stock.
FUL has been the topic of several research analyst reports. JPMorgan Chase & Co. cut shares of HB Fuller from an “overweight” rating to a “neutral” rating and set a $50.79 price target on the stock. in a research note on Tuesday, April 9th. They noted that the move was a valuation call. Zacks Investment Research raised shares of HB Fuller from a “sell” rating to a “hold” rating in a research note on Monday, March 25th. TheStreet cut shares of HB Fuller from a “b-” rating to a “c+” rating in a research note on Tuesday, June 4th. Finally, ValuEngine raised shares of HB Fuller from a “sell” rating to a “hold” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $57.17.
FUL traded up $0.15 during mid-day trading on Monday, hitting $46.55. The stock had a trading volume of 430,479 shares, compared to its average volume of 394,332. The business’s fifty day simple moving average is $43.42. The company has a debt-to-equity ratio of 1.83, a current ratio of 2.10 and a quick ratio of 1.36. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of 15.52, a price-to-earnings-growth ratio of 1.21 and a beta of 1.59. HB Fuller Co has a 1-year low of $39.22 and a 1-year high of $59.58.
HB Fuller (NYSE:FUL) last issued its quarterly earnings data on Wednesday, June 26th. The specialty chemicals company reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.01). HB Fuller had a return on equity of 13.41% and a net margin of 4.31%. The company had revenue of $759.60 million for the quarter, compared to analyst estimates of $779.07 million. During the same quarter in the previous year, the business earned $0.89 earnings per share. The company’s revenue was down 3.8% on a year-over-year basis. As a group, analysts forecast that HB Fuller Co will post 3.2 earnings per share for the current year.
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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