Huntsman Co. (NYSE:HUN) VP Russell R. Stolle sold 27,593 shares of the company’s stock in a transaction on Wednesday, April 5th. The shares were sold at an average price of $24.92, for a total transaction of $687,617.56. Following the sale, the vice president now owns 93,351 shares of the company’s stock, valued at approximately $2,326,306.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of Huntsman Co. (NYSE:HUN) traded down 1.44% during trading on Friday, hitting $23.99. 1,831,274 shares of the stock traded hands. The firm has a 50-day moving average of $23.34 and a 200-day moving average of $20.23. The firm has a market capitalization of $5.72 billion, a price-to-earnings ratio of 17.60 and a beta of 2.61. Huntsman Co. has a 1-year low of $12.40 and a 1-year high of $25.22.
Huntsman (NYSE:HUN) last announced its quarterly earnings results on Wednesday, February 15th. The basic materials company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05. The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.25 billion. Huntsman had a net margin of 2.11% and a return on equity of 25.26%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.51 EPS. On average, equities analysts forecast that Huntsman Co. will post $1.84 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend was Monday, March 13th. Huntsman’s payout ratio is presently 58.82%.
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Several brokerages have commented on HUN. Citigroup Inc upgraded shares of Huntsman from a “neutral” rating to a “buy” rating and upped their target price for the company from $24.54 to $28.00 in a research report on Monday, April 3rd. Jefferies Group LLC upped their target price on shares of Huntsman from $24.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday. Zacks Investment Research upgraded shares of Huntsman from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Tuesday. Finally, Instinet reiterated a “positive” rating and set a $26.00 target price (up previously from $25.00) on shares of Huntsman in a research report on Tuesday, March 28th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Huntsman currently has a consensus rating of “Buy” and a consensus price target of $24.83.
Hedge funds have recently made changes to their positions in the stock. James Investment Research Inc. bought a new stake in shares of Huntsman during the first quarter worth about $417,000. Sanders Morris Harris Inc. bought a new stake in shares of Huntsman during the first quarter worth about $3,021,000. Boston Advisors LLC increased its position in Huntsman by 34.5% in the first quarter. Boston Advisors LLC now owns 492,156 shares of the basic materials company’s stock worth $12,078,000 after buying an additional 126,232 shares during the last quarter. Bank of Montreal Can increased its position in Huntsman by 37.7% in the first quarter. Bank of Montreal Can now owns 1,968,837 shares of the basic materials company’s stock worth $48,316,000 after buying an additional 538,653 shares during the last quarter. Finally, Creative Planning increased its position in Huntsman by 31.1% in the first quarter. Creative Planning now owns 12,327 shares of the basic materials company’s stock worth $303,000 after buying an additional 2,925 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.
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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