TIAA CREF Investment Management LLC decreased its holdings in Huntsman Co. (NYSE:HUN) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,389,062 shares of the basic materials company’s stock after selling 34,850 shares during the period. TIAA CREF Investment Management LLC owned approximately 1.00% of Huntsman worth $79,532,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Cerebellum GP LLC purchased a new stake in shares of Huntsman in the 4th quarter valued at approximately $128,000. Assetmark Inc. grew its stake in shares of Huntsman by 1,658.4% in the 3rd quarter. Assetmark Inc. now owns 3,974 shares of the basic materials company’s stock valued at $109,000 after buying an additional 3,748 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Huntsman in the 4th quarter valued at approximately $133,000. American International Group Inc. purchased a new stake in shares of Huntsman in the 4th quarter valued at approximately $149,000. Finally, MML Investors Services LLC purchased a new stake in shares of Huntsman in the 4th quarter valued at approximately $208,000. Institutional investors own 75.95% of the company’s stock.
Several analysts have recently weighed in on HUN shares. JPMorgan Chase & Co. started coverage on shares of Huntsman in a research note on Wednesday, December 13th. They issued an “overweight” rating and a $36.00 price target for the company. Jefferies Group increased their price target on shares of Huntsman to $43.00 and gave the company a “buy” rating in a research note on Friday, January 26th. KeyCorp increased their price target on shares of Huntsman from $37.00 to $42.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. ValuEngine raised shares of Huntsman from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Finally, Goldman Sachs reissued a “hold” rating and issued a $36.00 price target on shares of Huntsman in a research note on Monday, December 4th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $35.92.
Huntsman stock opened at $31.14 on Monday. The company has a current ratio of 1.83, a quick ratio of 1.50 and a debt-to-equity ratio of 0.67. The firm has a market cap of $7,527.12, a P/E ratio of 11.98, a P/E/G ratio of 1.38 and a beta of 2.71. Huntsman Co. has a 1 year low of $21.92 and a 1 year high of $36.09.
Huntsman (NYSE:HUN) last posted its quarterly earnings data on Friday, February 23rd. The basic materials company reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.10. The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.10 billion. Huntsman had a net margin of 6.73% and a return on equity of 29.30%. The firm’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter last year, the company posted $0.30 EPS. analysts expect that Huntsman Co. will post 2.74 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be given a dividend of $0.1625 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 2.09%. This is a boost from Huntsman’s previous quarterly dividend of $0.13. Huntsman’s dividend payout ratio (DPR) is presently 25.00%.
Huntsman announced that its board has initiated a share buyback program on Friday, February 23rd that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the basic materials company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
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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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