Huntsman Corporation $HUN Shares Acquired by Caxton Associates LLP

Caxton Associates LLP boosted its position in Huntsman Corporation (NYSE:HUN) by 185.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 182,448 shares of the basic materials company’s stock after purchasing an additional 118,504 shares during the quarter. Caxton Associates LLP’s holdings in Huntsman were worth $2,428,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HUN. Union Bancaire Privee UBP SA bought a new stake in shares of Huntsman during the first quarter valued at approximately $2,632,000. BNP Paribas Financial Markets grew its holdings in Huntsman by 236.2% in the 4th quarter. BNP Paribas Financial Markets now owns 1,182,590 shares of the basic materials company’s stock worth $11,826,000 after buying an additional 830,828 shares in the last quarter. Dymon Asia Capital Singapore PTE. LTD. acquired a new stake in Huntsman in the 4th quarter valued at approximately $1,001,000. Vanguard Group Inc. increased its position in Huntsman by 9.3% in the 4th quarter. Vanguard Group Inc. now owns 17,880,912 shares of the basic materials company’s stock valued at $178,809,000 after acquiring an additional 1,523,590 shares during the period. Finally, Pzena Investment Management LLC raised its stake in Huntsman by 5.8% during the 4th quarter. Pzena Investment Management LLC now owns 5,705,178 shares of the basic materials company’s stock valued at $57,052,000 after acquiring an additional 311,312 shares in the last quarter. 84.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HUN. Royal Bank Of Canada boosted their price target on Huntsman from $14.00 to $15.00 and gave the stock a “sector perform” rating in a research report on Monday, May 4th. Wall Street Zen upgraded shares of Huntsman from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $15.00 price objective on shares of Huntsman in a report on Tuesday, May 19th. Morgan Stanley raised their target price on shares of Huntsman from $11.00 to $15.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Finally, Bank of America boosted their price target on shares of Huntsman from $10.00 to $11.00 and gave the stock an “underperform” rating in a research report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Huntsman currently has a consensus rating of “Hold” and a consensus price target of $13.67.

Huntsman Price Performance

NYSE:HUN opened at $12.80 on Friday. The business’s 50-day moving average price is $12.92 and its 200 day moving average price is $12.79. The firm has a market cap of $2.25 billion, a P/E ratio of -6.67 and a beta of 0.69. Huntsman Corporation has a 52-week low of $7.30 and a 52-week high of $16.08. The company has a quick ratio of 0.75, a current ratio of 1.27 and a debt-to-equity ratio of 0.58.

Huntsman (NYSE:HUN) last issued its quarterly earnings results on Thursday, April 30th. The basic materials company reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.03. Huntsman had a negative net margin of 5.83% and a negative return on equity of 4.60%. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the prior year, the company earned ($0.11) EPS. Huntsman’s revenue was up .7% on a year-over-year basis. As a group, sell-side analysts predict that Huntsman Corporation will post -0.21 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a $0.0875 dividend. This represents a $0.35 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Monday, June 15th. Huntsman’s payout ratio is presently -18.23%.

Huntsman Profile

Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.

The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.