Squarepoint Ops LLC Makes New Investment in H. B. Fuller Company $FUL

Squarepoint Ops LLC purchased a new stake in H. B. Fuller Company (NYSE:FUL) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 27,607 shares of the specialty chemicals company’s stock, valued at approximately $1,661,000. Squarepoint Ops LLC owned approximately 0.05% of H. B. Fuller as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of FUL. Norges Bank purchased a new position in H. B. Fuller in the 2nd quarter worth $40,584,000. Jane Street Group LLC boosted its position in H. B. Fuller by 128.0% in the 2nd quarter. Jane Street Group LLC now owns 217,307 shares of the specialty chemicals company’s stock worth $13,071,000 after purchasing an additional 122,007 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in H. B. Fuller in the 2nd quarter worth approximately $7,279,000. Cooke & Bieler LP grew its stake in shares of H. B. Fuller by 15.8% during the 2nd quarter. Cooke & Bieler LP now owns 759,930 shares of the specialty chemicals company’s stock worth $45,710,000 after purchasing an additional 103,660 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of H. B. Fuller by 16.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 612,048 shares of the specialty chemicals company’s stock valued at $36,815,000 after purchasing an additional 85,469 shares in the last quarter. 95.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on FUL. Citigroup upgraded H. B. Fuller from a “neutral” rating to a “buy” rating and increased their price target for the stock from $62.00 to $70.00 in a research report on Wednesday, October 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of H. B. Fuller in a research report on Monday. UBS Group started coverage on shares of H. B. Fuller in a research note on Friday, November 21st. They issued a “neutral” rating and a $60.00 price target on the stock. Seaport Res Ptn upgraded shares of H. B. Fuller from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 26th. Finally, Wall Street Zen downgraded shares of H. B. Fuller from a “buy” rating to a “hold” rating in a report on Monday, November 24th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $66.20.

H. B. Fuller Stock Performance

Shares of FUL opened at $59.88 on Friday. The stock has a 50-day simple moving average of $58.53 and a 200-day simple moving average of $59.00. The stock has a market capitalization of $3.24 billion, a PE ratio of 32.37, a PEG ratio of 0.98 and a beta of 1.09. H. B. Fuller Company has a 1 year low of $47.56 and a 1 year high of $70.34. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.18 and a current ratio of 1.93.

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

H. B. Fuller Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 30th. Shareholders of record on Thursday, October 16th were paid a $0.235 dividend. The ex-dividend date was Thursday, October 16th. This represents a $0.94 dividend on an annualized basis and a yield of 1.6%. H. B. Fuller’s dividend payout ratio (DPR) is currently 50.81%.

Insider Transactions at H. B. Fuller

In other news, CFO John J. Corkrean sold 14,222 shares of the company’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $60.31, for a total transaction of $857,728.82. Following the completion of the transaction, the chief financial officer directly owned 54,646 shares of the company’s stock, valued at approximately $3,295,700.26. This represents a 20.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Nathan D. Weaver sold 7,075 shares of the stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $58.38, for a total value of $413,038.50. Following the completion of the transaction, the vice president owned 9,441 shares in the company, valued at approximately $551,165.58. The trade was a 42.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.99% of the stock is owned by insiders.

About H. B. Fuller

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.