First Hawaiian Bank Makes New $569,000 Investment in Huntsman Co. (NYSE:HUN)

First Hawaiian Bank acquired a new position in shares of Huntsman Co. (NYSE:HUN - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 31,539 shares of the basic materials company's stock, valued at approximately $569,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Matrix Trust Co acquired a new position in shares of Huntsman during the third quarter worth approximately $25,000. True Wealth Design LLC bought a new stake in Huntsman during the 3rd quarter valued at $62,000. Capital Performance Advisors LLP acquired a new position in Huntsman during the 3rd quarter worth $78,000. Quarry LP grew its stake in shares of Huntsman by 64.8% in the second quarter. Quarry LP now owns 3,664 shares of the basic materials company's stock worth $83,000 after purchasing an additional 1,441 shares in the last quarter. Finally, Rossmore Private Capital acquired a new position in shares of Huntsman during the third quarter valued at $202,000. 84.81% of the stock is currently owned by institutional investors.

Huntsman Stock Performance

NYSE HUN traded down $0.31 during trading on Friday, hitting $16.20. The company's stock had a trading volume of 3,822,888 shares, compared to its average volume of 2,377,715. Huntsman Co. has a 52 week low of $15.95 and a 52 week high of $27.01. The firm has a market cap of $2.80 billion, a P/E ratio of -23.48 and a beta of 0.97. The firm has a 50 day moving average price of $18.98 and a 200 day moving average price of $21.25. The company has a quick ratio of 0.83, a current ratio of 1.47 and a debt-to-equity ratio of 0.45.

Huntsman (NYSE:HUN - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. Huntsman had a negative net margin of 1.99% and a negative return on equity of 0.03%. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the previous year, the firm posted $0.15 EPS. The business's revenue was up 2.3% compared to the same quarter last year. Equities research analysts forecast that Huntsman Co. will post 0.09 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 6.17%. The ex-dividend date was Friday, December 13th. Huntsman's dividend payout ratio (DPR) is presently -144.93%.

Insider Activity

In other Huntsman news, Director Mary C. Beckerle sold 20,201 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $21.42, for a total value of $432,705.42. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 5.60% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on HUN. UBS Group dropped their target price on Huntsman from $24.00 to $23.00 and set a "neutral" rating on the stock in a report on Tuesday, November 5th. Citigroup dropped their price objective on Huntsman from $22.00 to $19.00 and set a "neutral" rating on the stock in a research note on Wednesday, December 18th. Royal Bank of Canada decreased their target price on Huntsman from $23.00 to $20.00 and set a "sector perform" rating for the company in a research note on Thursday, December 19th. Wells Fargo & Company cut their price target on shares of Huntsman from $26.00 to $25.00 and set an "overweight" rating for the company in a report on Wednesday, November 6th. Finally, Mizuho lowered their price objective on shares of Huntsman from $23.00 to $21.00 and set a "neutral" rating on the stock in a research note on Tuesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $23.75.

Huntsman Company 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.