Insider Selling: Ronald W. Gerrard Sells 27,997 Shares of Huntsman Stock (HUN)
Huntsman (NYSE:HUN) VP Ronald W. Gerrard sold 27,997 shares of the company’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $27.50, for a total value of $769,917.50. Following the completion of the transaction, the vice president now directly owns 35,278 shares in the company, valued at approximately $970,145. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of Huntsman from $30.00 to $35.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Goldman Sachs upgraded shares of Huntsman from a “buy” rating to a “conviction-buy” rating in a research note on Tuesday. Finally, analysts at TheStreet upgraded shares of Huntsman from a “hold” rating to a “buy” rating in a research note on Tuesday, May 6th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $29.67.
Shares of Huntsman (NYSE:HUN) traded up 1.25% on Thursday, hitting $27.58. The stock had a trading volume of 1,948,577 shares. Huntsman has a 1-year low of $16.02 and a 1-year high of $27.61. The stock’s 50-day moving average is $25.69 and its 200-day moving average is $24.00. The company has a market cap of $6.656 billion and a P/E ratio of 32.24. Huntsman also saw unusually large options trading on Tuesday. Stock traders acquired 9,023 put options on the company. This represents an increase of approximately 1,051% compared to the average daily volume of 784 put options.
Huntsman (NYSE:HUN) last released its earnings data 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. Analysts expect that Huntsman will post $2.11 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Investors 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 1.81%. The ex-dividend date of this dividend is Thursday, June 12th.
Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products.
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