River Wealth Advisors LLC lessened its stake in Huntsman Corporation (NYSE:HUN) by 1.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 115,942 shares of the basic materials company’s stock after selling 1,916 shares during the period. Huntsman Corporation accounts for approximately 1.4% of River Wealth Advisors LLC’s investment portfolio, making the stock its 14th largest holding. River Wealth Advisors LLC’s holdings in Huntsman Corporation were worth $3,179,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of HUN. Mckinley Capital Management LLC Delaware purchased a new stake in shares of Huntsman Corporation during the second quarter worth about $106,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Huntsman Corporation during the second quarter worth about $109,000. Opera Trading Capital purchased a new stake in shares of Huntsman Corporation during the second quarter worth about $129,000. Bronfman E.L. Rothschild L.P. grew its stake in shares of Huntsman Corporation by 0.4% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,385 shares of the basic materials company’s stock worth $139,000 after acquiring an additional 24 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Huntsman Corporation by 9.1% during the second quarter. The Manufacturers Life Insurance Company now owns 7,281 shares of the basic materials company’s stock worth $188,000 after acquiring an additional 610 shares during the last quarter. Institutional investors own 74.47% of the company’s stock.
In related news, Director Mary C. Beckerle sold 4,507 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $30.76, for a total transaction of $138,635.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Monte G. Edlund sold 21,493 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $31.99, for a total value of $687,561.07. Following the sale, the insider now owns 75,771 shares of the company’s stock, valued at $2,423,914.29. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,056,190 shares of company stock valued at $33,429,051. Corporate insiders own 19.00% of the company’s stock.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded Huntsman Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Alembic Global Advisors restated a “buy” rating on shares of Huntsman Corporation in a research note on Monday, November 6th. BidaskClub lowered Huntsman Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. KeyCorp restated a “buy” rating and set a $34.00 price target on shares of Huntsman Corporation in a research note on Tuesday, October 17th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $31.00 target price on shares of Huntsman Corporation in a report on Tuesday, July 25th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Huntsman Corporation currently has a consensus rating of “Buy” and an average price target of $31.55.
Shares of Huntsman Corporation (HUN) traded down $0.33 during trading hours on Tuesday, reaching $30.36. The company’s stock had a trading volume of 1,644,759 shares, compared to its average volume of 3,635,351. Huntsman Corporation has a one year low of $18.18 and a one year high of $32.59. The firm has a market capitalization of $7,370.00, a P/E ratio of 13.00, a PEG ratio of 1.49 and a beta of 2.87. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.87 and a quick ratio of 1.52.
Huntsman Corporation (NYSE:HUN) last announced its earnings results on Friday, October 27th. The basic materials company reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.17. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.99 billion. Huntsman Corporation had a return on equity of 30.64% and a net margin of 5.37%. The business’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.38 EPS. equities research analysts anticipate that Huntsman Corporation will post 2.61 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.65%. The ex-dividend date is Thursday, December 14th. Huntsman Corporation’s payout ratio is 29.07%.
About Huntsman Corporation
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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