Huntsman Co. (NYSE:HUN) insider Monte G. Edlund sold 2,000 shares of the stock in a transaction dated Saturday, February 17th. The shares were sold at an average price of $21.40, for a total transaction of $42,800.00. Following the completion of the sale, the insider now owns 52,696 shares of the company’s stock, valued at approximately $1,127,694.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of Huntsman Co. (NYSE:HUN) traded down $1.07 during trading hours on Wednesday, hitting $31.48. 2,908,233 shares of the stock traded hands, compared to its average volume of 3,210,000. The stock has a market capitalization of $7,610.00, a P/E ratio of 18.09, a price-to-earnings-growth ratio of 1.46 and a beta of 2.71. The company has a current ratio of 1.83, a quick ratio of 1.50 and a debt-to-equity ratio of 0.67. Huntsman Co. has a 1-year low of $21.92 and a 1-year high of $36.09.
Huntsman (NYSE:HUN) last issued its earnings results on Friday, February 23rd. The basic materials company reported $0.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.10. The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.10 billion. Huntsman had a net margin of 6.73% and a return on equity of 29.30%. The business’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 earnings per share. sell-side analysts forecast that Huntsman Co. will post 2.74 earnings per share for the current fiscal year.
Huntsman announced that its board has approved a share repurchase program on Friday, February 23rd that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the basic materials company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.
A number of hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company lifted its holdings in shares of Huntsman by 9.1% in the second quarter. The Manufacturers Life Insurance Company now owns 7,281 shares of the basic materials company’s stock valued at $188,000 after purchasing an additional 610 shares in the last quarter. Amalgamated Bank lifted its holdings in shares of Huntsman by 6.0% in the fourth quarter. Amalgamated Bank now owns 39,304 shares of the basic materials company’s stock valued at $1,308,000 after purchasing an additional 2,215 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Huntsman by 0.8% in the third quarter. Swiss National Bank now owns 340,774 shares of the basic materials company’s stock valued at $9,344,000 after purchasing an additional 2,600 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of Huntsman by 0.6% in the fourth quarter. Raymond James & Associates now owns 430,620 shares of the basic materials company’s stock valued at $14,335,000 after purchasing an additional 2,756 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Huntsman by 34.9% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 12,142 shares of the basic materials company’s stock valued at $404,000 after purchasing an additional 3,144 shares in the last quarter. 76.04% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently weighed in on HUN shares. Goldman Sachs Group reissued a “hold” rating and issued a $36.00 price target on shares of Huntsman in a research report on Monday, December 4th. JPMorgan Chase & Co. started coverage on shares of Huntsman in a research report on Wednesday, December 13th. They issued an “overweight” rating and a $36.00 price target for the company. ValuEngine cut shares of Huntsman from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 15th. Tudor Pickering started coverage on shares of Huntsman in a research report on Friday, January 19th. They set a “buy” rating for the company. Finally, Jefferies Group lifted their price objective on shares of Huntsman to $43.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $35.92.
TRADEMARK VIOLATION WARNING: “Monte G. Edlund Sells 2,000 Shares of Huntsman Co. (HUN) Stock” was reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this report on another site, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this report can be viewed at https://stocknewstimes.com/2018/03/14/huntsman-co-hun-insider-sells-42800-00-in-stock.html.
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.
Receive News & Ratings for Huntsman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntsman and related companies with MarketBeat.com's FREE daily email newsletter.