Dupont Capital Management Corp grew its position in shares of Huntsman Co. (NYSE:HUN) by 19.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 225,800 shares of the basic materials company’s stock after acquiring an additional 36,926 shares during the period. Dupont Capital Management Corp owned about 0.09% of Huntsman worth $6,149,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of HUN. FTB Advisors Inc. purchased a new stake in shares of Huntsman in the 2nd quarter worth approximately $114,000. Willingdon Wealth Management purchased a new stake in shares of Huntsman in the 3rd quarter worth approximately $118,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Huntsman in the 2nd quarter worth approximately $122,000. Stratos Wealth Partners LTD. purchased a new stake in shares of Huntsman in the 3rd quarter worth approximately $177,000. Finally, Clear Harbor Asset Management LLC purchased a new stake in shares of Huntsman in the 3rd quarter worth approximately $200,000. Hedge funds and other institutional investors own 77.53% of the company’s stock.
HUN has been the topic of several recent research reports. Zacks Investment Research downgraded Huntsman from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. ValuEngine downgraded Huntsman from a “hold” rating to a “sell” rating in a research note on Saturday, September 1st. Morgan Stanley started coverage on Huntsman in a research note on Tuesday, September 25th. They set an “equal weight” rating and a $30.00 target price on the stock. Alembic Global Advisors set a $40.00 target price on Huntsman and gave the company a “buy” rating in a research note on Tuesday, October 30th. Finally, Barclays started coverage on Huntsman in a research note on Monday, October 8th. They set an “underweight” rating and a $29.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $34.58.
Shares of HUN opened at $22.19 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. Huntsman Co. has a 12 month low of $19.26 and a 12 month high of $36.09. The firm has a market cap of $5.64 billion, a price-to-earnings ratio of 8.95, a price-to-earnings-growth ratio of 0.81 and a beta of 2.67.
Huntsman (NYSE:HUN) last issued its earnings results on Tuesday, October 30th. The basic materials company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.82 by $0.02. Huntsman had a return on equity of 22.96% and a net margin of 9.88%. The business had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period last year, the business posted $0.67 EPS. The company’s revenue was up 12.7% compared to the same quarter last year. On average, equities research analysts expect that Huntsman Co. will post 3.42 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be paid a dividend of $0.1625 per share. The ex-dividend date is Thursday, December 13th. This represents a $0.65 annualized dividend and a yield of 2.93%. Huntsman’s dividend payout ratio is 26.21%.
In other news, VP David M. Stryker purchased 1,282 shares of the stock in a transaction dated Wednesday, October 31st. The shares were purchased at an average cost of $21.55 per share, with a total value of $27,627.10. Following the acquisition, the vice president now directly owns 122,852 shares of the company’s stock, valued at $2,647,460.60. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Sean Douglas purchased 7,500 shares of the stock in a transaction dated Wednesday, October 31st. The shares were purchased at an average cost of $21.47 per share, for a total transaction of $161,025.00. Following the completion of the acquisition, the chief financial officer now directly owns 77,595 shares in the company, valued at $1,665,964.65. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 10,782 shares of company stock worth $234,492. Company insiders own 19.00% of the company’s stock.
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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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