Huntsman CEO Sells $4,409,524 in Stock (HUN)
Huntsman (NYSE:HUN) CEO Anthony P. Hankins sold 157,483 shares of the stock on the open market in a transaction dated Friday, June 6th. The stock was sold at an average price of $28.00, for a total transaction of $4,409,524.00. Following the completion of the sale, the chief executive officer now directly owns 317,461 shares in the company, valued at approximately $8,888,908. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on HUN shares. 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 research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Huntsman presently has an average rating of “Buy” and a consensus target price of $29.67.
Shares of Huntsman (NYSE:HUN) traded up 4.13% on Friday, hitting $28.72. The stock had a trading volume of 7,361,203 shares. Huntsman has a 1-year low of $16.02 and a 1-year high of $28.79. The stock has a 50-day moving average of $25.80 and a 200-day moving average of $24.04. The company has a market cap of $6.931 billion and a P/E ratio of 32.64. Huntsman also was the target of unusually large options trading on Tuesday. Stock traders purchased 9,023 put options on the company. This is an increase of 1,051% compared to the typical 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 for the quarter, beating the analysts’ 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 last year, the company posted $0.19 earnings per share. Huntsman’s revenue was up 2.0% compared to the same quarter last year. 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. 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 1.74%. 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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