Huntsman Co. (NYSE:HUN) shares traded down 2.6% during mid-day trading on Monday . The company traded as low as $20.17 and last traded at $19.67, 147,199 shares traded hands during trading. A decline of 94% from the average session volume of 2,633,627 shares. The stock had previously closed at $20.20.
A number of equities analysts have recently issued reports on the stock. UBS Group set a $26.00 target price on shares of Huntsman and gave the stock a “buy” rating in a research report on Wednesday, July 31st. KeyCorp lowered their target price on shares of Huntsman from $28.00 to $27.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 9th. Barclays restated a “sell” rating and set a $19.00 target price on shares of Huntsman in a research report on Wednesday, July 31st. Nomura restated a “buy” rating and set a $26.00 target price on shares of Huntsman in a research report on Sunday. Finally, Citigroup set a $21.00 target price on shares of Huntsman and gave the stock a “hold” rating in a research report on Monday, July 15th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $27.36.
The company has a debt-to-equity ratio of 0.96, a current ratio of 1.83 and a quick ratio of 1.16. The firm has a fifty day simple moving average of $20.19. The company has a market capitalization of $4.90 billion, a PE ratio of 5.83, a price-to-earnings-growth ratio of 1.10 and a beta of 2.29.
Huntsman (NYSE:HUN) last issued its quarterly earnings results on Tuesday, July 30th. The basic materials company reported $0.63 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.02). Huntsman had a positive return on equity of 18.68% and a negative net margin of 1.37%. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period in the prior year, the business earned $1.01 earnings per share. Huntsman’s revenue for the quarter was down 8.7% compared to the same quarter last year. On average, research analysts anticipate that Huntsman Co. will post 2.22 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a dividend of $0.1625 per share. This represents a $0.65 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend is Thursday, September 12th. Huntsman’s dividend payout ratio is presently 19.46%.
In related news, insider Scott J. Wright purchased 4,950 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The stock was purchased at an average cost of $20.22 per share, with a total value of $100,089.00. Following the completion of the acquisition, the insider now directly owns 33,922 shares in the company, valued at $685,902.84. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP David M. Stryker purchased 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were bought at an average cost of $19.01 per share, with a total value of $38,020.00. Following the completion of the acquisition, the vice president now owns 179,930 shares of the company’s stock, valued at $3,420,469.30. The disclosure for this purchase can be found here. 5.60% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Bessemer Group Inc. lifted its holdings in shares of Huntsman by 225.8% during the second quarter. Bessemer Group Inc. now owns 18,943 shares of the basic materials company’s stock worth $387,000 after purchasing an additional 13,129 shares during the period. Commonwealth Bank of Australia lifted its holdings in Huntsman by 14.7% in the first quarter. Commonwealth Bank of Australia now owns 161,322 shares of the basic materials company’s stock valued at $3,624,000 after acquiring an additional 20,655 shares during the period. Acadian Asset Management LLC lifted its holdings in Huntsman by 477.1% in the first quarter. Acadian Asset Management LLC now owns 240,358 shares of the basic materials company’s stock valued at $5,405,000 after acquiring an additional 198,706 shares during the period. Systematic Financial Management LP lifted its holdings in Huntsman by 48.7% in the first quarter. Systematic Financial Management LP now owns 685,936 shares of the basic materials company’s stock valued at $15,427,000 after acquiring an additional 224,558 shares during the period. Finally, Hancock Whitney Corp lifted its holdings in Huntsman by 525.2% in the first quarter. Hancock Whitney Corp now owns 299,266 shares of the basic materials company’s stock valued at $6,730,000 after acquiring an additional 251,400 shares during the period. 76.91% of the stock is owned by hedge funds and other institutional investors.
Huntsman Company Profile (NYSE:HUN)
Huntsman Corporation manufactures and sells differentiated organic chemical products worldwide. The company operates in four segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyols, thermoplastic polyurethane, propylene oxide, and methyl tertiary-butyl ether products.
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