BidaskClub upgraded shares of Huntsman Corporation (NYSE:HUN) from a sell rating to a hold rating in a research note issued to investors on Wednesday morning.
A number of other equities research analysts have also recently commented on HUN. Jefferies Group LLC restated a buy rating and set a $29.00 target price (up previously from $27.00) on shares of Huntsman Corporation in a research note on Thursday, April 27th. Nomura restated a buy rating and set a $30.00 target price on shares of Huntsman Corporation in a research note on Thursday, April 27th. ValuEngine upgraded shares of Huntsman Corporation from a buy rating to a strong-buy rating in a research note on Saturday, June 3rd. Zacks Investment Research cut shares of Huntsman Corporation from a strong-buy rating to a hold rating in a research note on Tuesday, June 27th. Finally, Instinet restated a buy rating and set a $30.00 target price on shares of Huntsman Corporation in a research note on Sunday, July 9th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Huntsman Corporation has a consensus rating of Buy and an average price target of $29.00.
Shares of Huntsman Corporation (HUN) traded up 1.07% on Wednesday, hitting $26.57. 1,218,200 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $26.30 and its 200 day moving average is $24.53. Huntsman Corporation has a 12 month low of $14.16 and a 12 month high of $28.30. The firm has a market cap of $6.38 billion, a P/E ratio of 15.06 and a beta of 2.81.
Huntsman Corporation (NYSE:HUN) last posted its quarterly earnings data on Thursday, July 27th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.18. The company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.64 billion. Huntsman Corporation had a net margin of 4.33% and a return on equity of 30.04%. The firm’s revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.53 earnings per share. On average, equities analysts predict that Huntsman Corporation will post $2.24 earnings per share for the current year.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Thursday, September 14th. Huntsman Corporation’s payout ratio is currently 28.41%.
In related news, CEO Peter R. Huntsman acquired 10,000 shares of Huntsman Corporation stock in a transaction dated Wednesday, May 31st. The shares were purchased at an average price of $23.83 per share, for a total transaction of $238,300.00. Following the completion of the transaction, the chief executive officer now directly owns 4,042,720 shares in the company, valued at approximately $96,338,017.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Randy W. Wright sold 56,675 shares of Huntsman Corporation stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $25.76, for a total transaction of $1,459,948.00. Following the sale, the vice president now owns 66,023 shares in the company, valued at approximately $1,700,752.48. The disclosure for this sale can be found here. Company insiders own 19.00% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wedge Capital Management L L P NC acquired a new position in Huntsman Corporation during the first quarter worth $722,000. Canada Pension Plan Investment Board raised its position in Huntsman Corporation by 16.0% in the first quarter. Canada Pension Plan Investment Board now owns 765,300 shares of the basic materials company’s stock worth $18,780,000 after buying an additional 105,700 shares during the period. Wells Fargo & Company MN raised its position in Huntsman Corporation by 16.7% in the first quarter. Wells Fargo & Company MN now owns 532,210 shares of the basic materials company’s stock worth $13,061,000 after buying an additional 75,992 shares during the period. Duncker Streett & Co. Inc. raised its position in Huntsman Corporation by 3.4% in the first quarter. Duncker Streett & Co. Inc. now owns 12,000 shares of the basic materials company’s stock worth $294,000 after buying an additional 400 shares during the period. Finally, Glen Harbor Capital Management LLC raised its position in Huntsman Corporation by 2.4% in the first quarter. Glen Harbor Capital Management LLC now owns 266,784 shares of the basic materials company’s stock worth $6,547,000 after buying an additional 6,160 shares during the period. 72.29% of the stock is owned by hedge funds and other institutional investors.
Huntsman Corporation 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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