Dynamic Technology Lab Private Ltd raised its stake in Huntsman Co. (NYSE:HUN) by 17.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,165 shares of the basic materials company’s stock after acquiring an additional 5,639 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Huntsman were worth $1,115,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in HUN. LPL Financial LLC grew its position in shares of Huntsman by 62.4% during the 1st quarter. LPL Financial LLC now owns 20,862 shares of the basic materials company’s stock worth $610,000 after purchasing an additional 8,018 shares in the last quarter. State of Alaska Department of Revenue grew its position in shares of Huntsman by 31.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 22,500 shares of the basic materials company’s stock worth $657,000 after purchasing an additional 5,410 shares in the last quarter. Aperio Group LLC grew its position in shares of Huntsman by 6.2% during the 2nd quarter. Aperio Group LLC now owns 86,615 shares of the basic materials company’s stock worth $2,529,000 after purchasing an additional 5,048 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of Huntsman by 200.9% during the 2nd quarter. Acadian Asset Management LLC now owns 22,259 shares of the basic materials company’s stock worth $650,000 after purchasing an additional 14,861 shares in the last quarter. Finally, Royal Bank of Canada grew its position in shares of Huntsman by 28.5% during the 1st quarter. Royal Bank of Canada now owns 256,096 shares of the basic materials company’s stock worth $7,491,000 after purchasing an additional 56,797 shares in the last quarter. 77.30% of the stock is currently owned by hedge funds and other institutional investors.
NYSE HUN opened at $29.12 on Monday. The company has a current ratio of 1.93, a quick ratio of 1.58 and a debt-to-equity ratio of 0.57. The company has a market cap of $6.96 billion, a P/E ratio of 8.56, a PEG ratio of 0.97 and a beta of 2.74. Huntsman Co. has a 1 year low of $26.59 and a 1 year high of $36.09.
Huntsman (NYSE:HUN) last posted its quarterly earnings results on Tuesday, July 31st. The basic materials company reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.17. The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.24 billion. Huntsman had a net margin of 11.92% and a return on equity of 24.14%. The firm’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter last year, the business posted $0.59 EPS. equities analysts expect that Huntsman Co. will post 3.52 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be given a dividend of $0.1625 per share. The ex-dividend date is Thursday, September 13th. This represents a $0.65 annualized dividend and a dividend yield of 2.23%. Huntsman’s dividend payout ratio is 26.21%.
Huntsman announced that its board has initiated a stock buyback program on Wednesday, May 23rd that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the basic materials company to reacquire up to 13.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.
A number of research analysts have issued reports on HUN shares. Seaport Global Securities started coverage on shares of Huntsman in a research report on Friday, August 24th. They set a “buy” rating on the stock. Royal Bank of Canada restated a “buy” rating and set a $38.00 target price on shares of Huntsman in a research report on Wednesday, August 1st. UBS Group increased their target price on shares of Huntsman from $41.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday, May 29th. Zacks Investment Research upgraded shares of Huntsman from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research report on Monday, July 16th. Finally, Citigroup increased their target price on shares of Huntsman from $42.50 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, July 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company’s stock. Huntsman currently has a consensus rating of “Buy” and a consensus target price of $37.46.
Huntsman Corporation, through its subsidiary, Huntsman International LLC, manufactures and sells differentiated organic chemical products worldwide. The company operates in four segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyols, thermoplastic polyurethane, propylene oxide, and methyl tertiary-butyl ether products.
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