Huntsman Corporation (NYSE:HUN) announced a quarterly dividend on Monday, August 21st, RTT News reports. Stockholders of record on Friday, September 15th will be given a dividend of 0.125 per share by the basic materials company on Friday, September 29th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date is Thursday, September 14th.
Huntsman Corporation has a dividend payout ratio of 22.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Huntsman Corporation to earn $2.04 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 24.5%.
Huntsman Corporation (HUN) traded up 0.54% during mid-day trading on Friday, reaching $27.82. The company had a trading volume of 1,695,958 shares. Huntsman Corporation has a one year low of $14.49 and a one year high of $28.30. The stock has a market capitalization of $6.68 billion, a PE ratio of 15.77 and a beta of 2.79. The company’s 50-day moving average is $26.33 and its 200-day moving average is $25.09.
Huntsman Corporation (NYSE:HUN) last announced its earnings results on Thursday, July 27th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.18. The firm had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.64 billion. Huntsman Corporation had a net margin of 4.33% and a return on equity of 30.04%. The business’s revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.53 EPS. Equities research analysts anticipate that Huntsman Corporation will post $2.25 earnings per share for the current year.
HUN has been the topic of several analyst reports. BidaskClub downgraded shares of Huntsman Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. KeyCorp reiterated a “buy” rating and set a $34.00 price target on shares of Huntsman Corporation in a report on Friday, September 1st. Zacks Investment Research downgraded shares of Huntsman Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 27th. Jefferies Group LLC cut their price target on shares of Huntsman Corporation from $29.00 to $27.00 and set a “buy” rating on the stock in a report on Monday, May 22nd. Finally, ValuEngine upgraded shares of Huntsman Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $29.00.
In other news, VP Randy W. Wright sold 56,675 shares of the stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $25.76, for a total transaction of $1,459,948.00. Following the transaction, the vice president now directly owns 66,023 shares in the company, valued at $1,700,752.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Randy W. Wright sold 32,962 shares of the stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of $25.75, for a total transaction of $848,771.50. Following the transaction, the vice president now owns 69,148 shares in the company, valued at $1,780,561. The disclosure for this sale can be found here. 19.00% of the stock is owned by corporate insiders.
An institutional investor recently raised its position in Huntsman Corporation stock. The Manufacturers Life Insurance Company increased its holdings in shares of Huntsman Corporation (NYSE:HUN) by 9.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,281 shares of the basic materials company’s stock after purchasing an additional 610 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Huntsman Corporation were worth $188,000 as of its most recent SEC filing. Institutional investors and hedge funds own 75.89% of the company’s stock.
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Huntsman Corporation Company Profile
Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company operates all of its businesses through its subsidiary, Huntsman International LLC (Huntsman International). The Company operates through five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
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