Huntsman Co. (NYSE:HUN) was the target of some unusual options trading activity on Thursday. Traders acquired 8,972 put options on the company. This is an increase of approximately 1,482% compared to the average daily volume of 567 put options.
Huntsman (HUN) opened at $31.36 on Friday. Huntsman has a 52-week low of $21.92 and a 52-week high of $36.09. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.50 and a current ratio of 1.83. The company has a market cap of $7,609.31, a P/E ratio of 12.06, a P/E/G ratio of 1.39 and a beta of 2.71.
Huntsman (NYSE:HUN) last issued its quarterly earnings results on Friday, February 23rd. The basic materials company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.66 by $0.10. Huntsman had a net margin of 6.73% and a return on equity of 29.30%. The firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.10 billion. During the same quarter in the prior year, the business posted $0.30 earnings per share. Huntsman’s revenue for the quarter was up 15.7% compared to the same quarter last year. equities research analysts expect that Huntsman will post 2.74 EPS for the current fiscal year.
Huntsman announced that its board has initiated a stock repurchase program on Friday, February 23rd that allows the company to buyback $400.00 million in shares. This buyback authorization allows the basic materials company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be paid a dividend of $0.1625 per share. This is an increase from Huntsman’s previous quarterly dividend of $0.13. This represents a $0.65 annualized dividend and a yield of 2.07%. The ex-dividend date is Wednesday, March 14th. Huntsman’s payout ratio is currently 25.00%.
A number of research firms have recently weighed in on HUN. Tudor Pickering began coverage on shares of Huntsman in a research report on Friday, January 19th. They issued a “buy” rating for the company. Citigroup boosted their price objective on shares of Huntsman from $41.00 to $43.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. ValuEngine lowered shares of Huntsman from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 15th. Goldman Sachs Group reissued a “hold” rating and issued a $36.00 price objective on shares of Huntsman in a research report on Monday, December 4th. Finally, KeyCorp boosted their price objective on shares of Huntsman from $37.00 to $42.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $35.92.
In other news, CEO Anthony P. Hankins sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $33.24, for a total value of $3,324,000.00. Following the completion of the transaction, the chief executive officer now owns 462,615 shares of the company’s stock, valued at $15,377,322.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Corp Huntsman sold 1,948,955 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $21.66, for a total transaction of $42,214,365.30. The disclosure for this sale can be found here. In the last three months, insiders sold 2,150,955 shares of company stock valued at $48,905,165. Company insiders own 19.00% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cerebellum GP LLC purchased a new stake in Huntsman during the fourth quarter worth approximately $128,000. Assetmark Inc. grew its stake in Huntsman by 1,658.4% during the third quarter. Assetmark Inc. now owns 3,974 shares of the basic materials company’s stock worth $109,000 after buying an additional 3,748 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new stake in Huntsman during the fourth quarter worth approximately $133,000. American International Group Inc. purchased a new stake in Huntsman during the fourth quarter worth approximately $149,000. Finally, Jump Trading LLC purchased a new stake in Huntsman during the fourth quarter worth approximately $205,000. Institutional investors own 76.04% of the company’s stock.
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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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