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

Wesbanco Bank Inc. boosted its position in H.B. Fuller (NYSE:FUL) by 41.2% during the 4th quarter, according to its most recent 13F 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 quarter. Wesbanco Bank Inc.’s holdings in H.B. Fuller were worth $924,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Lord Abbett & CO. LLC raised its position in shares of 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 in the last quarter. Geode Capital Management LLC raised its holdings in shares of H.B. Fuller by 1.5% in the 3rd 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. boosted its position in shares of H.B. Fuller by 0.3% during the 3rd quarter. S&CO Inc. now owns 267,192 shares of the specialty chemicals company’s stock valued at $21,209,000 after acquiring an additional 920 shares during the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of H.B. Fuller by 9.9% during the second quarter. Marshall Wace LLP now owns 290,005 shares of the specialty chemicals company’s stock worth $22,319,000 after purchasing an additional 26,239 shares in the last quarter. 95.93% of the stock is owned by institutional investors.

H.B. Fuller Trading Up 0.9 %

FUL opened at $62.32 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.81 and a debt-to-equity ratio of 1.10. H.B. Fuller has a 52 week low of $60.96 and a 52 week high of $87.67. The stock has a market cap of $3.40 billion, a PE ratio of 26.98, a PEG ratio of 1.19 and a beta of 1.43. The business has a 50 day moving average of $69.69 and a 200-day moving average of $76.40.

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

H.B. Fuller Dividend Announcement

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

Analyst Upgrades and Downgrades

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