Louisiana State Employees Retirement System Invests $1.49 Million in H. B. Fuller Company $FUL

Louisiana State Employees Retirement System bought a new stake in H. B. Fuller Company (NYSE:FUL) during the first quarter, HoldingsChannel reports. The firm bought 24,100 shares of the specialty chemicals company’s stock, valued at approximately $1,486,000.

Several other large investors have also recently bought and sold shares of the stock. Norges Bank bought a new position in H. B. Fuller in the fourth quarter valued at approximately $44,203,000. UBS Group AG boosted its holdings in shares of H. B. Fuller by 200.8% in the 3rd quarter. UBS Group AG now owns 820,871 shares of the specialty chemicals company’s stock valued at $48,661,000 after buying an additional 548,017 shares during the last quarter. Verition Fund Management LLC grew its stake in shares of H. B. Fuller by 1,379.5% in the fourth quarter. Verition Fund Management LLC now owns 383,955 shares of the specialty chemicals company’s stock valued at $22,830,000 after buying an additional 358,003 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of H. B. Fuller by 52.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 820,255 shares of the specialty chemicals company’s stock valued at $48,772,000 after buying an additional 281,707 shares in the last quarter. Finally, Cramer Rosenthal Mcglynn LLC increased its holdings in H. B. Fuller by 287.2% during the third quarter. Cramer Rosenthal Mcglynn LLC now owns 371,650 shares of the specialty chemicals company’s stock worth $22,031,000 after buying an additional 275,654 shares during the last quarter. 95.93% of the stock is owned by institutional investors and hedge funds.

H. B. Fuller Stock Up 1.2%

FUL opened at $57.98 on Friday. The stock’s fifty day simple moving average is $61.20 and its 200 day simple moving average is $61.28. H. B. Fuller Company has a 1-year low of $48.71 and a 1-year high of $68.63. The stock has a market cap of $3.12 billion, a PE ratio of 17.78, a price-to-earnings-growth ratio of 0.62 and a beta of 0.98. The company has a current ratio of 1.80, a quick ratio of 1.12 and a debt-to-equity ratio of 1.00.

H. B. Fuller (NYSE:FUL) last released its quarterly earnings data on Thursday, June 25th. The specialty chemicals company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. H. B. Fuller had a net margin of 5.29% and a return on equity of 12.18%. The firm had revenue of $950.27 million during the quarter, compared to analysts’ expectations of $924.83 million. During the same period in the previous year, the business posted $1.18 earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, research analysts expect that H. B. Fuller Company will post 4.87 earnings per share for the current year.

H. B. Fuller Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, April 30th were paid a dividend of $0.245 per share. The ex-dividend date was Thursday, April 30th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.7%. This is a boost from H. B. Fuller’s previous quarterly dividend of $0.23. H. B. Fuller’s dividend payout ratio is 30.06%.

Analysts Set New Price Targets

Several research firms have issued reports on FUL. Raymond James Financial set a $67.00 price target on shares of H. B. Fuller in a research report on Friday, June 26th. Citigroup lifted their price objective on shares of H. B. Fuller from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of H. B. Fuller from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Tuesday. Wall Street Zen upgraded shares of H. B. Fuller from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 27th. Finally, The Goldman Sachs Group set a $67.00 price target on H. B. Fuller in a report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.86.

Insider Activity at H. B. Fuller

In related news, CEO Celeste Beeks Mastin purchased 5,170 shares of the firm’s stock in a transaction that occurred on Tuesday, April 7th. The shares were acquired at an average price of $57.08 per share, for a total transaction of $295,103.60. Following the purchase, the chief executive officer owned 8,670 shares in the company, valued at approximately $494,883.60. This represents a 147.71% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.83% of the company’s stock.

H. B. Fuller Profile

H. B. Fuller Company, founded in 1887 and headquartered in St. Paul, Minnesota, is a global adhesives and specialty chemical solutions provider serving a wide array of industries. The company develops, manufactures and markets adhesive technologies, sealants, polymers and related chemical products designed to enhance product performance, sustainability and manufacturing efficiency.

Fuller’s product portfolio spans multiple market segments, including packaging and converting, general industrial assembly, electronics, transportation, hygiene and construction.