Huntsman Corporation (NYSE:HUN) CEO Anthony P. Hankins sold 80,000 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $31.88, for a total transaction of $2,550,400.00. Following the transaction, the chief executive officer now directly owns 442,615 shares of the company’s stock, valued at $14,110,566.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Huntsman Corporation (NYSE:HUN) opened at $31.06 on Monday. The company has a market cap of $7,450.00, a price-to-earnings ratio of 13.00, a PEG ratio of 1.49 and a beta of 2.87. The company has a quick ratio of 1.52, a current ratio of 1.87 and a debt-to-equity ratio of 1.10. Huntsman Corporation has a twelve month low of $17.98 and a twelve month high of $32.59.
Huntsman Corporation (NYSE:HUN) last posted its earnings results on Friday, October 27th. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.17. Huntsman Corporation had a net margin of 5.37% and a return on equity of 30.64%. The firm had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same period in the previous year, the business posted $0.38 EPS. The business’s revenue was up 18.5% compared to the same quarter last year. sell-side analysts predict that Huntsman Corporation will post 2.61 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Thursday, December 14th. Huntsman Corporation’s dividend payout ratio is presently 29.07%.
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A number of brokerages have weighed in on HUN. KeyCorp upgraded shares of Huntsman Corporation from a “sector weight” rating to an “overweight” rating and set a $34.00 price objective on the stock in a report on Monday, July 24th. BidaskClub downgraded shares of Huntsman Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Nomura increased their price target on shares of Huntsman Corporation from $30.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, September 19th. UBS AG raised their price objective on shares of Huntsman Corporation from $31.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, September 19th. Finally, Alembic Global Advisors restated a “buy” rating on shares of Huntsman Corporation in a research report on Monday, November 6th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Huntsman Corporation currently has a consensus rating of “Buy” and an average price target of $31.55.
Institutional investors have recently added to or reduced their stakes in the company. DSAM Partners London Ltd purchased a new stake in shares of Huntsman Corporation during the second quarter worth $2,128,000. Chicago Equity Partners LLC grew its holdings in shares of Huntsman Corporation by 1,462.7% in the second quarter. Chicago Equity Partners LLC now owns 443,035 shares of the basic materials company’s stock valued at $11,448,000 after purchasing an additional 414,685 shares during the period. CIBC World Markets Inc. grew its holdings in shares of Huntsman Corporation by 133.4% in the second quarter. CIBC World Markets Inc. now owns 708,530 shares of the basic materials company’s stock valued at $18,308,000 after purchasing an additional 404,905 shares during the period. Royal Bank of Canada boosted its stake in Huntsman Corporation by 58.6% during the second quarter. Royal Bank of Canada now owns 398,112 shares of the basic materials company’s stock worth $10,287,000 after buying an additional 147,090 shares during the period. Finally, New York State Teachers Retirement System boosted its stake in Huntsman Corporation by 0.6% during the first quarter. New York State Teachers Retirement System now owns 17,600 shares of the basic materials company’s stock worth $432,000 after buying an additional 100 shares during the period. 74.47% of the stock is owned by institutional investors and hedge funds.
About Huntsman Corporation
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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