Huntsman Corporation (NYSE:HUN) announced a quarterly dividend on Monday, November 6th, RTT News reports. Stockholders of record on Friday, December 15th will be given a dividend of 0.125 per share by the basic materials company on Friday, December 29th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Thursday, December 14th.
Huntsman has a dividend payout ratio of 18.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Huntsman to earn $2.22 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 22.5%.
Shares of Huntsman (NYSE:HUN) opened at $30.45 on Friday. The firm has a market capitalization of $7,315.45, a price-to-earnings ratio of 12.75, a PEG ratio of 1.41 and a beta of 2.85. Huntsman has a 52-week low of $18.93 and a 52-week 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 released its quarterly earnings data on Friday, October 27th. The basic materials company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates 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 firm’s revenue was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.38 earnings per share. research analysts forecast that Huntsman will post 2.7 EPS for the current year.
In other Huntsman news, Director Alvin V. Shoemaker sold 38,009 shares of the stock in a transaction dated 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 completion of the sale, the director now directly owns 37,227 shares in the company, valued at $1,164,460.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Anthony P. Hankins sold 80,000 shares of the stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $31.88, for a total value of $2,550,400.00. Following the completion of the sale, the chief executive officer now owns 442,615 shares of the company’s stock, valued at $14,110,566.20. The disclosure for this sale can be found here. Insiders sold 23,061,783 shares of company stock valued at $512,316,794 over the last 90 days. Corporate insiders own 19.00% of the company’s stock.
A hedge fund recently raised its stake in Huntsman stock. The Manufacturers Life Insurance Company lifted its position in shares of Huntsman Corporation (NYSE:HUN) by 9.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,281 shares of the basic materials company’s stock after buying an additional 610 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Huntsman were worth $188,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 75.47% of the company’s stock.
A number of equities research analysts recently commented on HUN shares. Instinet reiterated a “buy” rating and issued a $34.00 price objective (up previously from $30.00) on shares of Huntsman in a report on Wednesday, September 20th. Nomura upped their price objective on Huntsman from $30.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, September 19th. UBS upped their price objective on Huntsman from $31.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, September 19th. KeyCorp reiterated a “buy” rating and issued a $34.00 price objective on shares of Huntsman in a report on Friday, September 1st. Finally, SunTrust Banks reiterated a “buy” rating and issued 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 analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $32.73.
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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