ExodusPoint Capital Management LP Acquires 31,841 Shares of Huntsman Co. (NYSE:HUN)

ExodusPoint Capital Management LP increased its stake in Huntsman Co. (NYSE:HUN) by 5.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 647,339 shares of the basic materials company’s stock after buying an additional 31,841 shares during the period. ExodusPoint Capital Management LP owned 0.37% of Huntsman worth $11,672,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HUN. R Squared Ltd bought a new position in shares of Huntsman during the fourth quarter valued at $40,000. Signaturefd LLC raised its holdings in Huntsman by 174.5% in the fourth quarter. Signaturefd LLC now owns 4,386 shares of the basic materials company’s stock worth $79,000 after buying an additional 2,788 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Huntsman in the fourth quarter worth approximately $91,000. KBC Group NV grew its holdings in shares of Huntsman by 95.3% during the fourth quarter. KBC Group NV now owns 9,232 shares of the basic materials company’s stock valued at $166,000 after buying an additional 4,506 shares during the last quarter. Finally, Matrix Trust Co raised its holdings in Huntsman by 853.7% in the 4th quarter. Matrix Trust Co now owns 9,661 shares of the basic materials company’s stock worth $174,000 after acquiring an additional 8,648 shares during the last quarter. Institutional investors own 84.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on HUN shares. JPMorgan Chase & Co. reduced their target price on Huntsman from $25.00 to $22.00 and set an “overweight” rating for the company in a report on Wednesday, February 19th. Alembic Global Advisors cut shares of Huntsman from an “overweight” rating to a “neutral” rating in a research note on Wednesday, January 15th. Mizuho decreased their price objective on shares of Huntsman from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Royal Bank of Canada lifted their target price on shares of Huntsman from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 20th. Finally, The Goldman Sachs Group lowered their price target on Huntsman from $22.00 to $19.00 and set a “sell” rating on the stock in a report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Huntsman currently has an average rating of “Hold” and a consensus target price of $19.63.

Huntsman Trading Down 3.7 %

Shares of HUN stock opened at $13.38 on Friday. The stock has a fifty day simple moving average of $16.76 and a two-hundred day simple moving average of $19.11. Huntsman Co. has a 52-week low of $12.46 and a 52-week high of $25.98. The firm has a market capitalization of $2.32 billion, a PE ratio of -12.16 and a beta of 0.95. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.83 and a current ratio of 1.36.

Huntsman (NYSE:HUN) last issued its quarterly earnings data on Monday, February 17th. The basic materials company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. On average, analysts predict that Huntsman Co. will post 0.32 EPS for the current fiscal year.

Huntsman Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.00 dividend on an annualized basis and a yield of 7.48%. Huntsman’s dividend payout ratio (DPR) is presently -90.91%.

About Huntsman

Huntsman Corporation manufactures and sells diversified organic chemical products worldwide. The company operates in three segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyether and polyester polyols, and thermoplastic polyurethane; and aniline, benzene, nitrobenzene and other co-products.