Starr International Co. Inc. Buys New Position in HB Fuller Co (FUL)

Share on StockTwits

Starr International Co. Inc. bought a new stake in HB Fuller Co (NYSE:FUL) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,602 shares of the specialty chemicals company’s stock, valued at approximately $175,000.

Other hedge funds also recently modified their holdings of the company. Gotham Asset Management LLC acquired a new position in HB Fuller in the fourth quarter valued at approximately $4,437,000. Actinver Wealth Management Inc. acquired a new position in HB Fuller in the fourth quarter valued at approximately $964,000. S&CO Inc. boosted its stake in HB Fuller by 4.4% in the first quarter. S&CO Inc. now owns 237,631 shares of the specialty chemicals company’s stock valued at $11,558,000 after acquiring an additional 9,997 shares during the period. Morgan Stanley boosted its stake in HB Fuller by 23.4% in the third quarter. Morgan Stanley now owns 191,612 shares of the specialty chemicals company’s stock valued at $9,902,000 after acquiring an additional 36,289 shares during the period. Finally, Vanguard Group Inc. boosted its stake in HB Fuller by 1.6% in the third quarter. Vanguard Group Inc. now owns 5,564,063 shares of the specialty chemicals company’s stock valued at $287,495,000 after acquiring an additional 87,901 shares during the period. Institutional investors own 99.18% of the company’s stock.

In related news, VP Robert J. Martsching sold 3,215 shares of the business’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $48.86, for a total transaction of $157,084.90. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Timothy J. Keenan sold 13,205 shares of the business’s stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $48.32, for a total value of $638,065.60. Following the sale, the vice president now directly owns 38,435 shares in the company, valued at approximately $1,857,179.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,877 shares of company stock worth $1,372,125. 3.46% of the stock is owned by corporate insiders.

A number of equities analysts have commented on the company. Zacks Investment Research upgraded HB Fuller from a “sell” rating to a “hold” rating in a research note on Monday, March 25th. JPMorgan Chase & Co. downgraded HB Fuller from an “overweight” rating to a “neutral” rating and set a $50.79 price objective for the company. in a research report on Tuesday, April 9th. They noted that the move was a valuation call. ValuEngine upgraded HB Fuller from a “sell” rating to a “hold” rating in a research report on Tuesday, January 22nd. Finally, Deutsche Bank downgraded HB Fuller from a “buy” rating to a “hold” rating and set a $50.00 price objective for the company. in a research report on Tuesday, February 5th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $57.97.

Shares of NYSE FUL traded up $0.97 during midday trading on Friday, hitting $48.93. 709 shares of the company’s stock were exchanged, compared to its average volume of 428,140. The company has a current ratio of 2.10, a quick ratio of 1.36 and a debt-to-equity ratio of 1.83. The company has a market cap of $2.41 billion, a PE ratio of 16.31, a P/E/G ratio of 1.24 and a beta of 1.42. HB Fuller Co has a twelve month low of $39.61 and a twelve month high of $59.58.

HB Fuller (NYSE:FUL) last issued its quarterly earnings data on Wednesday, March 27th. The specialty chemicals company reported $0.34 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.34. The business had revenue of $673.00 million during the quarter, compared to the consensus estimate of $697.64 million. HB Fuller had a return on equity of 13.53% and a net margin of 4.52%. HB Fuller’s quarterly revenue was down 5.6% on a year-over-year basis. Sell-side analysts forecast that HB Fuller Co will post 3.29 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, May 2nd. Investors of record on Thursday, April 18th were issued a dividend of $0.16 per share. This is a boost from HB Fuller’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Wednesday, April 17th. This represents a $0.64 annualized dividend and a yield of 1.31%. HB Fuller’s payout ratio is presently 21.33%.

TRADEMARK VIOLATION NOTICE: This article was first posted by Week Herald and is the property of of Week Herald. If you are reading this article on another publication, it was copied illegally and reposted in violation of US and international copyright laws. The original version of this article can be read at https://weekherald.com/2019/05/03/starr-international-co-inc-buys-new-position-in-hb-fuller-co-ful.html.

HB Fuller Company 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.

See Also: How is a buy-side analyst different from a sell-side analyst?

Want to see what other hedge funds are holding FUL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HB Fuller Co (NYSE:FUL).

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

Receive News & Ratings for HB Fuller Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HB Fuller and related companies with MarketBeat.com's FREE daily email newsletter.