Insider Selling: Russell R. Stolle Sells 10,499 Shares of Huntsman Stock (HUN)
Huntsman (NYSE:HUN) VP Russell R. Stolle sold 10,499 shares of Huntsman stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $27.00, for a total value of $283,473.00. Following the completion of the transaction, the vice president now directly owns 63,337 shares of the company’s stock, valued at approximately $1,710,099. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Huntsman (NYSE:HUN) traded up 0.93% during mid-day trading on Tuesday, hitting $27.07. The stock had a trading volume of 2,997,391 shares. Huntsman has a 52 week low of $16.02 and a 52 week 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 P/E ratio of 31.74.
Huntsman (NYSE:HUN) last announced its earnings results on Tuesday, April 29th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.19 earnings per share. The company’s revenue for the quarter 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 declared a quarterly dividend, which is scheduled for Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Thursday, June 12th.
A number of research firms have recently commented on HUN. 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 investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Huntsman presently has a consensus rating of “Buy” and an average price target of $28.83.
Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.