Teacher Retirement System of Texas lifted its position in Huntsman Corporation (NYSE:HUN) by 553.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 106,783 shares of the basic materials company’s stock after purchasing an additional 90,446 shares during the quarter. Teacher Retirement System of Texas’ holdings in Huntsman were worth $2,928,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. New York State Teachers Retirement System raised its stake in Huntsman by 0.6% during the 1st quarter. New York State Teachers Retirement System now owns 17,600 shares of the basic materials company’s stock valued at $432,000 after acquiring an additional 100 shares during the last quarter. Creative Planning raised its stake in Huntsman by 36.2% during the 2nd quarter. Creative Planning now owns 16,785 shares of the basic materials company’s stock valued at $434,000 after acquiring an additional 4,458 shares during the last quarter. Aperio Group LLC raised its stake in Huntsman by 10.1% during the 2nd quarter. Aperio Group LLC now owns 86,588 shares of the basic materials company’s stock valued at $2,237,000 after acquiring an additional 7,962 shares during the last quarter. Chase Investment Counsel Corp purchased a new position in shares of Huntsman during the 2nd quarter worth approximately $521,000. Finally, Russell Investments Group Ltd. raised its stake in shares of Huntsman by 171.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 778,137 shares of the basic materials company’s stock worth $20,113,000 after buying an additional 491,972 shares in the last quarter. 75.47% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have recently issued reports on HUN. Goldman Sachs Group reissued a “hold” rating and set a $36.00 target price on shares of Huntsman in a research note on Monday. Nomura increased their target price on Huntsman to $40.00 and gave the company a “buy” rating in a report on Monday, October 30th. UBS increased their target price on Huntsman from $32.00 to $35.00 and gave the company a “buy” rating in a report on Monday, October 30th. Alembic Global Advisors reiterated a “buy” rating on shares of Huntsman in a report on Monday, November 6th. Finally, SunTrust Banks restated a “buy” rating and set a $32.00 price objective on shares of Huntsman in a report on Friday, October 27th. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Huntsman presently has a consensus rating of “Buy” and an average price target of $32.73.
In other news, CEO Anthony P. Hankins sold 80,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $31.88, for a total transaction of $2,550,400.00. Following the completion of the transaction, the chief executive officer now directly owns 442,615 shares in the company, valued at $14,110,566.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Alvin V. Shoemaker sold 38,009 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $31.28, for a total value of $1,188,921.52. Following the transaction, the director now owns 37,227 shares of the company’s stock, valued at $1,164,460.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,820,990 shares of company stock valued at $504,854,619. Insiders own 19.00% of the company’s stock.
Shares of Huntsman Corporation (NYSE HUN) traded down $0.62 during midday trading on Wednesday, hitting $30.15. The stock had a trading volume of 6,690,176 shares, compared to its average volume of 3,673,757. The stock has a market capitalization of $7,634.66, a price-to-earnings ratio of 13.31, a price-to-earnings-growth ratio of 1.48 and a beta of 2.85. Huntsman Corporation has a twelve month low of $18.93 and a twelve month high of $32.59. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.52 and a current ratio of 1.87.
Huntsman (NYSE:HUN) last posted its quarterly earnings results on Friday, October 27th. The basic materials company reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.17. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.99 billion. Huntsman had a return on equity of 30.64% and a net margin of 5.37%. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period last year, the firm earned $0.38 earnings per share. research analysts expect that Huntsman Corporation will post 2.7 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.50 dividend on an annualized basis and a yield of 1.66%. Huntsman’s payout ratio is currently 23.47%.
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Huntsman 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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