Guggenheim Capital LLC Reduces Position in HB Fuller Co (FUL)

Guggenheim Capital LLC lowered its position in shares of HB Fuller Co (NYSE:FUL) by 12.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,607 shares of the specialty chemicals company’s stock after selling 2,358 shares during the period. Guggenheim Capital LLC’s holdings in HB Fuller were worth $803,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FUL. BlackRock Fund Advisors increased its stake in shares of HB Fuller by 8.0% in the third quarter. BlackRock Fund Advisors now owns 3,597,431 shares of the specialty chemicals company’s stock worth $167,173,000 after buying an additional 266,324 shares in the last quarter. Mairs & Power INC increased its stake in shares of HB Fuller by 0.4% in the third quarter. Mairs & Power INC now owns 3,540,296 shares of the specialty chemicals company’s stock worth $164,518,000 after buying an additional 13,770 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of HB Fuller by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,924,186 shares of the specialty chemicals company’s stock worth $92,958,000 after buying an additional 74,558 shares in the last quarter. Silvercrest Asset Management Group LLC increased its stake in shares of HB Fuller by 25.4% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 1,610,856 shares of the specialty chemicals company’s stock worth $77,820,000 after buying an additional 326,127 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in shares of HB Fuller by 2.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,243,532 shares of the specialty chemicals company’s stock worth $57,787,000 after buying an additional 29,908 shares in the last quarter. Hedge funds and other institutional investors own 89.89% of the company’s stock.

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

Shares of HB Fuller Co (NYSE:FUL) opened at 50.73 on Friday. HB Fuller Co has a 12 month low of $41.52 and a 12 month high of $54.32. The company has a 50-day moving average price of $50.66 and a 200-day moving average price of $48.35. The company has a market capitalization of $2.56 billion, a P/E ratio of 21.70 and a beta of 1.66.



HB Fuller (NYSE:FUL) last posted its quarterly earnings data on Wednesday, March 29th. The specialty chemicals company reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.03. The firm had revenue of $503.32 million for the quarter, compared to the consensus estimate of $485.17 million. HB Fuller had a return on equity of 13.71% and a net margin of 5.93%. During the same quarter in the previous year, the business earned $0.43 EPS. On average, analysts forecast that HB Fuller Co will post $2.66 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 4th. Investors of record on Thursday, April 20th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Tuesday, April 18th. This is an increase from HB Fuller’s previous quarterly dividend of $0.14. HB Fuller’s payout ratio is currently 23.14%.

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A number of analysts recently issued reports on the company. Zacks Investment Research upgraded HB Fuller from a “sell” rating to a “buy” rating and set a $57.00 price target for the company in a research report on Monday, March 27th. Citigroup Inc raised their price target on HB Fuller from $55.00 to $59.00 and gave the stock a “buy” rating in a research report on Tuesday, April 4th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $52.40.

In other HB Fuller news, VP Patrick M. Kivits sold 1,500 shares of the company’s stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $50.00, for a total transaction of $75,000.00. Following the sale, the vice president now owns 45 shares in the company, valued at approximately $2,250. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Traci L. Jensen sold 16,305 shares of the company’s stock in a transaction dated Wednesday, February 15th. The stock was sold at an average price of $48.82, for a total value of $796,010.10. Following the sale, the vice president now owns 39,087 shares in the company, valued at approximately $1,908,227.34. The disclosure for this sale can be found here. Insiders sold a total of 34,132 shares of company stock worth $1,705,760 in the last quarter. Company insiders own 3.55% of the company’s stock.

HB Fuller Company Profile

H.B. Fuller Company is a formulator, manufacturer and marketer of adhesives, sealants and other specialty chemical products. The Company’s segments include Americas Adhesives, Europe, India, Middle East and Africa (EIMEA), Asia Pacific, Construction Products and Engineering Adhesives. The Americas Adhesives, EIMEA and Asia Pacific operating segments produce and supply industrial adhesives products for applications in various markets, including durable assembly, nonwoven and hygiene, and textile.

5 Day Chart for NYSE:FUL

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