BlackRock Inc. raised its stake in shares of Huntsman Co. (NYSE:HUN) by 1.3% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 15,541,338 shares of the basic materials company’s stock after acquiring an additional 194,288 shares during the period. BlackRock Inc. owned approximately 6.66% of Huntsman worth $349,525,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc lifted its holdings in shares of Huntsman by 1.3% in the 3rd quarter. Vanguard Group Inc now owns 23,641,404 shares of the basic materials company’s stock worth $643,755,000 after acquiring an additional 314,873 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of Huntsman by 30.5% in the 4th quarter. IFP Advisors Inc now owns 2,069 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 484 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Huntsman in the 4th quarter worth approximately $27,000. Advisors Asset Management Inc. lifted its holdings in shares of Huntsman by 103.5% in the 4th quarter. Advisors Asset Management Inc. now owns 14,991 shares of the basic materials company’s stock worth $289,000 after acquiring an additional 7,624 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Huntsman by 2.4% in the 4th quarter. Rhumbline Advisers now owns 207,832 shares of the basic materials company’s stock worth $4,009,000 after acquiring an additional 4,808 shares during the last quarter. Institutional investors and hedge funds own 76.15% of the company’s stock.
Shares of NYSE HUN opened at $18.96 on Thursday. The company has a current ratio of 1.83, a quick ratio of 1.11 and a debt-to-equity ratio of 0.96. Huntsman Co. has a 52 week low of $17.33 and a 52 week high of $33.55. The firm has a market capitalization of $4.46 billion, a P/E ratio of 5.68, a PEG ratio of 0.80 and a beta of 2.26.
Huntsman (NYSE:HUN) last issued its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.05. The business had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.12 billion. Huntsman had a net margin of 2.00% and a return on equity of 19.90%. The company’s quarterly revenue was down 11.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.96 EPS. On average, analysts anticipate that Huntsman Co. will post 2.76 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.1625 per share. This represents a $0.65 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date is Thursday, June 13th. Huntsman’s payout ratio is currently 19.46%.
Several research analysts recently commented on HUN shares. ValuEngine raised shares of Huntsman from a “strong sell” rating to a “sell” rating in a research note on Monday, April 1st. Goldman Sachs Group raised shares of Huntsman from a “neutral” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Thursday, May 9th. JPMorgan Chase & Co. downgraded shares of Huntsman from an “overweight” rating to a “neutral” rating and set a $24.00 target price on the stock. in a research note on Wednesday, February 13th. KeyCorp decreased their target price on shares of Huntsman from $30.00 to $29.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 10th. Finally, Royal Bank of Canada decreased their target price on shares of Huntsman from $28.00 to $27.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 19th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $28.85.
In related news, insider Scott J. Wright acquired 4,950 shares of Huntsman stock in a transaction on Tuesday, May 14th. The shares were acquired at an average cost of $20.22 per share, with a total value of $100,089.00. Following the transaction, the insider now owns 33,922 shares in the company, valued at $685,902.84. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP David M. Stryker acquired 2,000 shares of Huntsman stock in a transaction on Thursday, May 23rd. The shares were bought at an average cost of $19.01 per share, for a total transaction of $38,020.00. Following the completion of the transaction, the vice president now owns 179,930 shares in the company, valued at approximately $3,420,469.30. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 7,950 shares of company stock worth $157,729. Insiders own 5.60% of the company’s stock.
Huntsman Corporation 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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