Huntsman Corporation (NYSE:HUN) Chairman Jon M. Huntsman sold 100,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $32.32, for a total transaction of $3,232,000.00. Following the completion of the sale, the chairman now directly owns 115,206 shares of the company’s stock, valued at $3,723,457.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Huntsman Corporation (NYSE HUN) opened at $31.06 on Monday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.87 and a quick ratio of 1.52. Huntsman Corporation has a 12-month low of $17.98 and a 12-month high of $32.59. The stock has a market cap of $7,450.00, a P/E ratio of 13.00, a PEG ratio of 1.49 and a beta of 2.87.
Huntsman Corporation (NYSE:HUN) last released its earnings results on Friday, October 27th. The basic materials company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.17. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.99 billion. Huntsman Corporation had a net margin of 5.37% and a return on equity of 30.64%. Huntsman Corporation’s revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 EPS. research analysts forecast that Huntsman Corporation will post 2.61 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Thursday, December 14th. Huntsman Corporation’s payout ratio is 29.07%.
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HUN has been the topic of several research analyst reports. KeyCorp reiterated a “buy” rating and set a $34.00 price target on shares of Huntsman Corporation in a research report on Friday, September 1st. Wells Fargo & Company upgraded shares of Huntsman Corporation from a “market perform” rating to an “outperform” rating and increased their price target for the company from $30.00 to $32.00 in a report on Thursday, September 28th. UBS AG increased their price target on shares of Huntsman Corporation from $32.00 to $35.00 and gave the company a “buy” rating in a report on Monday, October 30th. Nomura raised their price objective on shares of Huntsman Corporation to $40.00 and gave the company a “buy” rating in a research report on Monday, October 30th. Finally, BidaskClub cut shares of Huntsman Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Huntsman Corporation currently has a consensus rating of “Buy” and an average target price 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 grew its holdings in shares of Huntsman Corporation by 58.6% in the second quarter. Royal Bank of Canada now owns 398,112 shares of the basic materials company’s stock valued at $10,287,000 after purchasing an additional 147,090 shares during the period. Finally, New York State Teachers Retirement System grew its holdings in shares of Huntsman Corporation by 0.6% in the first quarter. New York State Teachers Retirement System now owns 17,600 shares of the basic materials company’s stock valued at $432,000 after purchasing 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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