Investors Buy High Volume of Call Options on Huntsman (NYSE:HUN)

Huntsman Co. (NYSE:HUNGet Free Report) saw unusually large options trading on Tuesday. Stock traders purchased 4,039 call options on the stock. This represents an increase of approximately 71% compared to the typical daily volume of 2,365 call options.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in shares of Huntsman by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 10,214,010 shares of the basic materials company’s stock worth $256,681,000 after purchasing an additional 210,754 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Huntsman by 1.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 6,560,737 shares of the basic materials company’s stock worth $170,776,000 after buying an additional 88,635 shares during the period. Wellington Management Group LLP boosted its stake in Huntsman by 75.9% in the 4th quarter. Wellington Management Group LLP now owns 3,151,535 shares of the basic materials company’s stock worth $79,198,000 after buying an additional 1,359,437 shares during the last quarter. 1832 Asset Management L.P. grew its holdings in Huntsman by 753.2% in the 1st quarter. 1832 Asset Management L.P. now owns 2,867,920 shares of the basic materials company’s stock valued at $74,652,000 after buying an additional 2,531,800 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Huntsman by 9.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,408,592 shares of the basic materials company’s stock valued at $62,697,000 after acquiring an additional 203,396 shares during the last quarter. Institutional investors and hedge funds own 84.81% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on HUN shares. Citigroup cut their price objective on Huntsman from $26.00 to $24.00 and set a “neutral” rating for the company in a research report on Thursday, June 27th. UBS Group reduced their price objective on shares of Huntsman from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday. Royal Bank of Canada upped their target price on shares of Huntsman from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 7th. Finally, JPMorgan Chase & Co. upgraded shares of Huntsman from an “underweight” rating to an “overweight” rating and lifted their price target for the company from $22.00 to $27.00 in a research report on Friday, June 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $26.90.

Read Our Latest Report on HUN

Huntsman Stock Down 1.2 %

Shares of NYSE HUN opened at $21.47 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.55 and a quick ratio of 0.98. The firm’s 50-day moving average is $23.94 and its two-hundred day moving average is $24.50. Huntsman has a 12-month low of $21.41 and a 12-month high of $29.90. The company has a market capitalization of $3.71 billion, a PE ratio of -41.29 and a beta of 1.01.

Huntsman (NYSE:HUNGet Free Report) last posted its earnings results on Thursday, May 2nd. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.06). The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.47 billion. Huntsman had a positive return on equity of 0.67% and a negative net margin of 1.49%. Huntsman’s revenue was down 8.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 EPS. Equities analysts anticipate that Huntsman will post 0.4 EPS for the current fiscal year.

Huntsman Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date was Friday, June 14th. Huntsman’s dividend payout ratio is presently -192.31%.

Huntsman Company Profile

(Get Free Report)

Huntsman Corporation manufactures and sells diversified organic chemical products worldwide. The company operates in three segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyether and polyester polyols, and thermoplastic polyurethane; and aniline, benzene, nitrobenzene and other co-products.

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