Huntsman (NYSE:HUN) Stock Price Down 4.4% – What’s Next?

Shares of Huntsman Corporation (NYSE:HUN) traded down 4.4% on Monday . The stock traded as low as $12.04 and last traded at $12.24. 436,121 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 6,117,738 shares. The stock had previously closed at $12.80.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Wall Street Zen raised Huntsman from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Morgan Stanley boosted their price objective on shares of Huntsman from $11.00 to $15.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Weiss Ratings upgraded shares of Huntsman from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th. Wells Fargo & Company raised their target price on shares of Huntsman from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 5th. Finally, Citigroup boosted their price target on shares of Huntsman from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Huntsman presently has an average rating of “Hold” and an average price target of $13.67.

Huntsman Stock Performance

The stock has a 50 day moving average of $12.92 and a two-hundred day moving average of $12.80. The stock has a market capitalization of $2.09 billion, a PE ratio of -6.23 and a beta of 0.69. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.27 and a quick ratio of 0.75.

Huntsman (NYSE:HUN) last released its quarterly earnings data on Thursday, April 30th. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.03. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Huntsman had a negative return on equity of 4.60% and a negative net margin of 5.83%.Huntsman’s revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.11) earnings per share. Research analysts expect that Huntsman Corporation will post -0.22 EPS for the current fiscal year.

Huntsman Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a dividend of $0.0875 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.35 dividend on an annualized basis and a yield of 2.9%. Huntsman’s payout ratio is currently -18.23%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in HUN. Versant Capital Management Inc lifted its position in shares of Huntsman by 166.7% during the 2nd quarter. Versant Capital Management Inc now owns 2,672 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 1,670 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Huntsman in the 3rd quarter worth approximately $58,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Huntsman by 121.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 6,751 shares of the basic materials company’s stock worth $61,000 after acquiring an additional 3,706 shares during the period. Parkside Financial Bank & Trust increased its stake in Huntsman by 1,005.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 6,514 shares of the basic materials company’s stock valued at $65,000 after purchasing an additional 5,925 shares in the last quarter. Finally, Platinum Investment Management Ltd. acquired a new position in Huntsman during the fourth quarter worth $68,000. 84.81% of the stock is owned by hedge funds and other institutional investors.

About Huntsman

Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.

The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.