Insider Selling: J Kimo Esplin Sells 56,883 Shares of Huntsman Stock (HUN)
Huntsman (NYSE:HUN) CFO J Kimo Esplin sold 56,883 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $27.00, for a total value of $1,535,841.00. Following the completion of the transaction, the chief financial officer now directly owns 462,562 shares of the company’s stock, valued at approximately $12,489,174. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
HUN has been the subject of a number of recent research reports. Analysts at Goldman Sachs upgraded shares of Huntsman from a “buy” rating to a “conviction-buy” rating in a research note on Tuesday. Separately, analysts at TheStreet upgraded shares of Huntsman from a “hold” rating to a “buy” rating in a research note on Tuesday, May 6th. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Huntsman in a research note on Wednesday, April 30th. They now have a $24.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Huntsman presently has an average rating of “Buy” and an average price target of $28.83.
Shares of Huntsman (NYSE:HUN) traded up 0.93% on Tuesday, hitting $27.07. 2,997,391 shares of the company’s stock traded hands. Huntsman has a one year low of $16.02 and a one year high of $27.05. The stock has a 50-day moving average of $25.44 and a 200-day moving average of $23.92. The company has a market cap of $6.533 billion and a price-to-earnings ratio of 31.74.
Huntsman (NYSE:HUN) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.40 by $0.03. The company had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the prior year, the company posted $0.19 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. On average, analysts predict that Huntsman will post $2.11 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Thursday, June 12th.
Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products.
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