HB Fuller Co (FUL): Are Hedge Funds Right About This Stock?

Due to the fact that HB Fuller Co (NYSE:FUL) has weathered bearish sentiment from the smart money, it’s easy to see that there exists a select few funds who sold off their full holdings last quarter. It’s worth mentioning that Israel Englander’s Millennium Management dropped the biggest investment of the 700 funds studied by Insider Monkey, comprising close to $7.6 million in stock, and Phill Gross and Robert Atchinson’s Adage Capital Management was right behind this move, as the fund sold off about $4.4 million worth of shares.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as HB Fuller Co (NYSE:FUL) but similarly valued. We will take a look at Copa Holdings, S.A. (NYSE:CPA), U.S. Silica Holdings Inc (NYSE:SLCA), Cousins Properties Inc (NYSE:CUZ), and Boston Beer Co Inc (NYSE:SAM). This group of stocks’ market values match FUL’s market value.

As you can see these stocks had an average of 20 investors with long positions and the average amount invested in these stocks was $327 million, which is higher than the $110 million figure in FUL’s case. U.S. Silica Holdings Inc (NYSE:SLCA) is the most popular stock in this table. On the other hand Cousins Properties Inc (NYSE:CUZ) is the least popular one with only nine bullish hedge fund positions. HB Fuller Co (NYSE:FUL) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard U.S. Silica Holdings Inc (NYSE:SLCA) might be a better candidate to consider taking a long position in.

Disclosure: none