Allianz Asset Management GmbH Purchases 80,364 Shares of Huntsman Corporation $HUN

Allianz Asset Management GmbH grew its position in shares of Huntsman Corporation (NYSE:HUN) by 14.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 640,650 shares of the basic materials company’s stock after buying an additional 80,364 shares during the quarter. Allianz Asset Management GmbH’s holdings in Huntsman were worth $6,676,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC grew its stake in Huntsman by 177.9% during the first quarter. Hexagon Capital Partners LLC now owns 2,179 shares of the basic materials company’s stock worth $34,000 after buying an additional 1,395 shares during the last quarter. IFP Advisors Inc grew its stake in Huntsman by 197.6% during the second quarter. IFP Advisors Inc now owns 3,661 shares of the basic materials company’s stock worth $38,000 after buying an additional 2,431 shares during the last quarter. Byrne Asset Management LLC bought a new stake in Huntsman during the second quarter worth about $44,000. Caitong International Asset Management Co. Ltd grew its stake in Huntsman by 1,717.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 3,254 shares of the basic materials company’s stock worth $51,000 after buying an additional 3,075 shares during the last quarter. Finally, Zions Bancorporation National Association UT bought a new stake in Huntsman during the first quarter worth about $53,000. 84.81% of the stock is owned by institutional investors.

Huntsman Price Performance

Shares of HUN stock opened at $8.16 on Thursday. Huntsman Corporation has a 52-week low of $7.74 and a 52-week high of $23.03. The stock has a market cap of $1.42 billion, a PE ratio of -4.18 and a beta of 0.64. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 1.43. The firm’s 50 day moving average price is $9.82 and its two-hundred day moving average price is $10.97.

Huntsman (NYSE:HUN) last announced its quarterly earnings data on Thursday, July 31st. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.05). Huntsman had a negative net margin of 5.75% and a negative return on equity of 2.48%. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the previous year, the business posted $0.14 earnings per share. Huntsman’s revenue was down 7.4% compared to the same quarter last year. As a group, analysts forecast that Huntsman Corporation will post 0.32 EPS for the current year.

Huntsman Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a $0.25 dividend. The ex-dividend date was Monday, September 15th. This represents a $1.00 annualized dividend and a yield of 12.3%. Huntsman’s dividend payout ratio (DPR) is -51.28%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HUN. Jefferies Financial Group decreased their price objective on shares of Huntsman from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, September 10th. Weiss Ratings reissued a “sell (d)” rating on shares of Huntsman in a research note on Wednesday, October 8th. The Goldman Sachs Group decreased their price target on shares of Huntsman from $10.00 to $9.00 and set a “sell” rating on the stock in a research note on Friday, October 17th. Wells Fargo & Company decreased their price target on shares of Huntsman from $13.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 5th. Finally, Mizuho decreased their price target on shares of Huntsman from $9.00 to $8.00 and set an “underperform” rating on the stock in a research note on Friday, October 3rd. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, Huntsman presently has a consensus rating of “Reduce” and an average price target of $10.90.

Huntsman Profile

Huntsman Corporation manufactures and sells diversified organic chemical products worldwide. The company operates in three segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyether and polyester polyols, and thermoplastic polyurethane; and aniline, benzene, nitrobenzene and other co-products.