A number of other equities research analysts have also commented on HUN. Wells Fargo & Co upgraded Huntsman from a market perform rating to an outperform rating and increased their price target for the stock from $30.00 to $32.00 in a research report on Thursday, September 28th. Alembic Global Advisors restated a buy rating on shares of Huntsman in a research report on Monday, October 2nd. Zacks Investment Research upgraded Huntsman from a hold rating to a buy rating and set a $30.00 price target on the stock in a research report on Wednesday, October 11th. KeyCorp reiterated a buy rating and issued a $34.00 price objective on shares of Huntsman in a research report on Tuesday, October 17th. Finally, SunTrust Banks reiterated a buy rating and issued a $32.00 price objective on shares of Huntsman in a research report on Friday, October 27th. They noted that the move was a valuation call. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $33.00.
Huntsman (NYSE HUN) traded up $0.50 during midday trading on Friday, reaching $34.78. The company had a trading volume of 2,847,256 shares, compared to its average volume of 1,642,855. The company has a market cap of $8,227.48, a price-to-earnings ratio of 16.33, a PEG ratio of 1.71 and a beta of 2.85. Huntsman has a 1-year low of $19.57 and a 1-year high of $35.02. 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 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 for the quarter, compared to analyst estimates of $1.99 billion. Huntsman had a return on equity of 17.84% and a net margin of 5.35%. Huntsman’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.38 EPS. research analysts anticipate that Huntsman will post 2.74 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were given a $0.125 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.50 dividend on an annualized basis and a yield of 1.44%. Huntsman’s payout ratio is 23.47%.
In other Huntsman news, CEO Anthony P. Hankins sold 80,000 shares of the stock in a transaction on 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 transaction, the chief executive officer now directly owns 442,615 shares in the company, valued at approximately $14,110,566.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Anthony P. Hankins sold 100,000 shares of the stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $33.24, for a total value of $3,324,000.00. The disclosure for this sale can be found here. Insiders sold a total of 25,210,738 shares of company stock worth $561,179,159 over the last quarter. Corporate insiders own 19.00% of the company’s stock.
Several large investors have recently bought and sold shares of HUN. Wells Fargo & Company MN boosted its position in shares of Huntsman by 31.2% in the 2nd quarter. Wells Fargo & Company MN now owns 698,244 shares of the basic materials company’s stock worth $18,042,000 after purchasing an additional 166,034 shares during the last quarter. Teachers Advisors LLC boosted its position in shares of Huntsman by 86.9% in the 2nd quarter. Teachers Advisors LLC now owns 834,088 shares of the basic materials company’s stock worth $21,553,000 after purchasing an additional 387,775 shares during the last quarter. BlackRock Inc. boosted its position in shares of Huntsman by 9.2% in the 2nd quarter. BlackRock Inc. now owns 11,181,244 shares of the basic materials company’s stock worth $288,925,000 after purchasing an additional 939,083 shares during the last quarter. Amalgamated Bank boosted its position in shares of Huntsman by 30.4% in the 2nd quarter. Amalgamated Bank now owns 37,134 shares of the basic materials company’s stock worth $960,000 after purchasing an additional 8,663 shares during the last quarter. Finally, Laurion Capital Management LP boosted its position in shares of Huntsman by 41.4% in the 2nd quarter. Laurion Capital Management LP now owns 30,713 shares of the basic materials company’s stock worth $793,000 after purchasing an additional 9,000 shares during the last quarter. Institutional investors and hedge funds own 75.45% of the company’s stock.
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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