Wesbanco Bank Inc. Buys 4,000 Shares of H.B. Fuller (NYSE:FUL)

Wesbanco Bank Inc. increased its position in H.B. Fuller (NYSE:FUL) by 41.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,700 shares of the specialty chemicals company’s stock after purchasing an additional 4,000 shares during the period. Wesbanco Bank Inc.’s holdings in H.B. Fuller were worth $924,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Lord Abbett & CO. LLC raised its holdings in H.B. Fuller by 79.8% in the third quarter. Lord Abbett & CO. LLC now owns 730,058 shares of the specialty chemicals company’s stock worth $57,952,000 after buying an additional 324,056 shares during the last quarter. Geode Capital Management LLC increased its position in shares of H.B. Fuller by 1.5% during the third quarter. Geode Capital Management LLC now owns 1,258,752 shares of the specialty chemicals company’s stock valued at $99,939,000 after acquiring an additional 18,734 shares in the last quarter. S&CO Inc. raised its holdings in H.B. Fuller by 0.3% in the 3rd quarter. S&CO Inc. now owns 267,192 shares of the specialty chemicals company’s stock worth $21,209,000 after acquiring an additional 920 shares during the last quarter. Finally, Marshall Wace LLP lifted its position in H.B. Fuller by 9.9% in the 2nd quarter. Marshall Wace LLP now owns 290,005 shares of the specialty chemicals company’s stock valued at $22,319,000 after acquiring an additional 26,239 shares in the last quarter. 95.93% of the stock is owned by hedge funds and other institutional investors.

H.B. Fuller Price Performance

NYSE FUL opened at $62.32 on Friday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.16 and a current ratio of 1.81. The business’s fifty day moving average is $69.69 and its 200 day moving average is $76.40. The company has a market capitalization of $3.40 billion, a PE ratio of 26.98, a price-to-earnings-growth ratio of 1.19 and a beta of 1.43. H.B. Fuller has a fifty-two week low of $60.96 and a fifty-two week high of $87.67.

H.B. Fuller (NYSE:FUL) last announced its quarterly earnings data on Wednesday, January 15th. The specialty chemicals company reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.08). H.B. Fuller had a return on equity of 12.01% and a net margin of 3.65%. The firm had revenue of $923.00 million during the quarter, compared to analysts’ expectations of $916.84 million. During the same period last year, the company earned $1.32 earnings per share. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. Sell-side analysts predict that H.B. Fuller will post 4.07 earnings per share for the current year.

H.B. Fuller Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be issued a $0.2225 dividend. This represents a $0.89 dividend on an annualized basis and a dividend yield of 1.43%. H.B. Fuller’s dividend payout ratio (DPR) is 38.53%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on FUL shares. JPMorgan Chase & Co. reduced their target price on H.B. Fuller from $70.00 to $60.00 and set an “underweight” rating for the company in a report on Friday, January 17th. Citigroup decreased their target price on H.B. Fuller from $78.00 to $68.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Deutsche Bank Aktiengesellschaft dropped their price target on shares of H.B. Fuller from $75.00 to $72.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Vertical Research cut shares of H.B. Fuller from a “buy” rating to a “hold” rating in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $75.60.

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.