State of New Jersey Common Pension Fund D Increases Holdings in H. B. Fuller Company $FUL

State of New Jersey Common Pension Fund D boosted its holdings in shares of H. B. Fuller Company (NYSE:FUL) by 1.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,351 shares of the specialty chemicals company’s stock after purchasing an additional 608 shares during the period. State of New Jersey Common Pension Fund D’s holdings in H. B. Fuller were worth $2,066,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Signaturefd LLC increased its holdings in H. B. Fuller by 20.5% during the 2nd quarter. Signaturefd LLC now owns 1,743 shares of the specialty chemicals company’s stock valued at $105,000 after purchasing an additional 297 shares during the period. Parallel Advisors LLC grew its holdings in shares of H. B. Fuller by 141.6% during the 2nd quarter. Parallel Advisors LLC now owns 534 shares of the specialty chemicals company’s stock worth $32,000 after acquiring an additional 313 shares during the period. Inspire Investing LLC grew its holdings in shares of H. B. Fuller by 5.4% during the 2nd quarter. Inspire Investing LLC now owns 6,485 shares of the specialty chemicals company’s stock worth $390,000 after acquiring an additional 332 shares during the period. US Bancorp DE grew its holdings in shares of H. B. Fuller by 0.7% during the 2nd quarter. US Bancorp DE now owns 54,153 shares of the specialty chemicals company’s stock worth $3,257,000 after acquiring an additional 362 shares during the period. Finally, Blair William & Co. IL grew its holdings in shares of H. B. Fuller by 9.8% during the 2nd quarter. Blair William & Co. IL now owns 7,256 shares of the specialty chemicals company’s stock worth $436,000 after acquiring an additional 650 shares during the period. Hedge funds and other institutional investors own 95.93% of the company’s stock.

Insider Buying and Selling at H. B. Fuller

In other news, VP Joao Magalhaes sold 1,099 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $56.31, for a total transaction of $61,884.69. Following the transaction, the vice president directly owned 3,285 shares of the company’s stock, valued at $184,978.35. This represents a 25.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO John J. Corkrean sold 14,222 shares of the firm’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $60.31, for a total value of $857,728.82. Following the completion of the transaction, the chief financial officer directly owned 54,646 shares in the company, valued at approximately $3,295,700.26. This represents a 20.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 16,367 shares of company stock worth $978,399 over the last three months. Insiders own 1.99% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Seaport Res Ptn upgraded H. B. Fuller from a “hold” rating to a “strong-buy” rating in a report on Friday, September 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of H. B. Fuller in a report on Tuesday, October 14th. Citigroup upgraded H. B. Fuller from a “neutral” rating to a “buy” rating and upped their target price for the stock from $62.00 to $70.00 in a report on Wednesday, October 22nd. Finally, Wall Street Zen upgraded H. B. Fuller from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $67.75.

H. B. Fuller Stock Performance

H. B. Fuller stock opened at $57.99 on Thursday. The company has a quick ratio of 1.18, a current ratio of 1.93 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $3.14 billion, a P/E ratio of 31.35, a PEG ratio of 1.08 and a beta of 1.12. The stock’s 50 day moving average is $60.11 and its 200 day moving average is $58.14. H. B. Fuller Company has a twelve month low of $47.56 and a twelve month high of $80.15.

H. B. Fuller (NYSE:FUL) last posted its quarterly earnings results on Wednesday, April 13th. The specialty chemicals company reported $0.66 earnings per share for the quarter. The company had revenue of $725.90 million for the quarter. H. B. Fuller had a return on equity of 11.49% and a net margin of 3.28%. H. B. Fuller has set its FY 2022 guidance at $4.100-$4.350 EPS. On average, equities research analysts predict that H. B. Fuller Company will post 4.07 earnings per share for the current fiscal year.

H. B. Fuller Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Thursday, October 16th will be issued a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, October 16th. H. B. Fuller’s dividend payout ratio is presently 50.81%.

H. B. Fuller Profile

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products. It operates through three segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Construction Adhesives.