Victory Capital Management Inc. Decreases Stock Holdings in HB Fuller Co (NYSE:FUL)

Victory Capital Management Inc. trimmed its position in shares of HB Fuller Co (NYSE:FUL) by 13.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,405 shares of the specialty chemicals company’s stock after selling 1,660 shares during the quarter. Victory Capital Management Inc.’s holdings in HB Fuller were worth $291,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in FUL. Chevy Chase Trust Holdings Inc. purchased a new stake in shares of HB Fuller during the fourth quarter valued at about $27,000. Ellevest Inc. raised its position in shares of HB Fuller by 117.1% in the 1st quarter. Ellevest Inc. now owns 1,196 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 645 shares during the last quarter. FMR LLC raised its position in shares of HB Fuller by 37.1% in the 4th quarter. FMR LLC now owns 1,005 shares of the specialty chemicals company’s stock valued at $52,000 after purchasing an additional 272 shares during the last quarter. Americana Partners LLC purchased a new position in shares of HB Fuller in the 4th quarter valued at approximately $59,000. Finally, Mutual of America Capital Management LLC raised its position in shares of HB Fuller by 21.0% in the 1st quarter. Mutual of America Capital Management LLC now owns 2,211 shares of the specialty chemicals company’s stock valued at $62,000 after purchasing an additional 383 shares during the last quarter. 96.71% of the stock is owned by institutional investors and hedge funds.

HB Fuller stock opened at $44.43 on Wednesday. The company’s fifty day moving average price is $39.13 and its 200 day moving average price is $40.57. HB Fuller Co has a 1 year low of $23.68 and a 1 year high of $52.40. The stock has a market capitalization of $2.19 billion, a P/E ratio of 18.67, a P/E/G ratio of 2.48 and a beta of 1.81. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.19 and a current ratio of 1.89.

HB Fuller (NYSE:FUL) last released its quarterly earnings results on Wednesday, June 24th. The specialty chemicals company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.13. HB Fuller had a net margin of 4.43% and a return on equity of 11.89%. The firm had revenue of $675.00 million for the quarter, compared to analysts’ expectations of $664.28 million. During the same quarter last year, the company earned $0.88 EPS. The firm’s revenue for the quarter was down 11.2% compared to the same quarter last year. Sell-side analysts predict that HB Fuller Co will post 2.35 EPS for the current year.

Several equities analysts recently commented on FUL shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $54.00 price objective on shares of HB Fuller in a research report on Friday, June 26th. TheStreet lowered shares of HB Fuller from a “b-” rating to a “c+” rating in a research report on Thursday, March 5th. JPMorgan Chase & Co. raised shares of HB Fuller from a “neutral” rating to an “overweight” rating and set a $34.00 price target for the company in a research report on Friday, April 17th. Robert W. Baird raised their price target on shares of HB Fuller from $35.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, June 26th. Finally, Deutsche Bank raised their price target on shares of HB Fuller from $31.00 to $45.00 and gave the stock a “hold” rating in a research report on Friday, June 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $48.43.

HB Fuller 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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