H.B. Fuller (FUL) Shares Sold by American International Group Inc.

American International Group Inc. lessened its stake in shares of H.B. Fuller (NYSE:FUL) by 19.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 32,260 shares of the specialty chemicals company’s stock after selling 7,844 shares during the period. American International Group Inc. owned 0.06% of H.B. Fuller worth $1,604,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Profund Advisors LLC grew its stake in H.B. Fuller by 10.4% during the 4th quarter. Profund Advisors LLC now owns 12,157 shares of the specialty chemicals company’s stock valued at $655,000 after acquiring an additional 1,141 shares in the last quarter. OppenheimerFunds Inc. grew its stake in H.B. Fuller by 4.3% during the 4th quarter. OppenheimerFunds Inc. now owns 28,361 shares of the specialty chemicals company’s stock valued at $1,528,000 after acquiring an additional 1,169 shares in the last quarter. Meadow Creek Investment Management LLC grew its stake in H.B. Fuller by 25.1% during the 4th quarter. Meadow Creek Investment Management LLC now owns 6,972 shares of the specialty chemicals company’s stock valued at $376,000 after acquiring an additional 1,400 shares in the last quarter. Aperio Group LLC grew its stake in H.B. Fuller by 6.9% during the 4th quarter. Aperio Group LLC now owns 22,558 shares of the specialty chemicals company’s stock valued at $1,215,000 after acquiring an additional 1,455 shares in the last quarter. Finally, S&CO Inc. grew its stake in H.B. Fuller by 0.8% during the 1st quarter. S&CO Inc. now owns 211,899 shares of the specialty chemicals company’s stock valued at $10,538,000 after acquiring an additional 1,634 shares in the last quarter. Hedge funds and other institutional investors own 97.29% of the company’s stock.

H.B. Fuller opened at $51.55 on Friday, Marketbeat Ratings reports. H.B. Fuller has a 1-year low of $46.62 and a 1-year high of $58.74. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.14 and a quick ratio of 1.35. The company has a market capitalization of $2.62 billion, a PE ratio of 20.62, a PEG ratio of 1.04 and a beta of 1.56.

H.B. Fuller (NYSE:FUL) last posted its quarterly earnings results on Wednesday, March 28th. The specialty chemicals company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.01. H.B. Fuller had a net margin of 3.62% and a return on equity of 11.69%. The business had revenue of $713.08 million during the quarter, compared to analysts’ expectations of $663.98 million. equities analysts forecast that H.B. Fuller will post 3.22 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, May 10th. Stockholders of record on Thursday, April 26th were paid a $0.155 dividend. This is a boost from H.B. Fuller’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Wednesday, April 25th. This represents a $0.62 annualized dividend and a dividend yield of 1.20%. H.B. Fuller’s dividend payout ratio is 24.80%.

Several analysts recently issued reports on FUL shares. Longbow Research raised shares of H.B. Fuller from a “neutral” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Tuesday, February 6th. JPMorgan Chase & Co. raised shares of H.B. Fuller from a “neutral” rating to an “overweight” rating in a research note on Friday, February 9th. TheStreet cut shares of H.B. Fuller from a “b” rating to a “c+” rating in a research note on Monday, February 26th. Zacks Investment Research cut shares of H.B. Fuller from a “buy” rating to a “hold” rating in a research note on Tuesday, March 20th. Finally, Robert W. Baird reissued a “hold” rating and issued a $54.00 price target on shares of H.B. Fuller in a research note on Monday, April 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. H.B. Fuller currently has an average rating of “Hold” and a consensus price target of $60.50.

In other news, CFO John J. Corkrean purchased 3,200 shares of the company’s stock in a transaction dated Monday, April 23rd. The stock was acquired at an average price of $51.99 per share, with a total value of $166,368.00. Following the purchase, the chief financial officer now directly owns 8,247 shares in the company, valued at approximately $428,761.53. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 3.46% of the company’s stock.

H.B. Fuller Profile

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, and other specialty chemical products worldwide. The company operates through six segments: Americas Adhesives; EIMEA (Europe, India, Middle East and Africa); Asia Pacific; Construction Products; Engineering Adhesives; and Royal Adhesives.

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Institutional Ownership by Quarter for H.B. Fuller (NYSE:FUL)

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