Advisors Asset Management Inc. increased its position in Huntsman Co. (NYSE:HUN - Free Report) by 98.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 234,062 shares of the basic materials company's stock after purchasing an additional 116,072 shares during the period. Advisors Asset Management Inc. owned approximately 0.14% of Huntsman worth $4,220,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. R Squared Ltd bought a new position in shares of Huntsman during the fourth quarter valued at $40,000. True Wealth Design LLC bought a new position in Huntsman during the 3rd quarter valued at about $62,000. Signaturefd LLC boosted its holdings in shares of Huntsman by 174.5% during the 4th quarter. Signaturefd LLC now owns 4,386 shares of the basic materials company's stock valued at $79,000 after acquiring an additional 2,788 shares during the last quarter. KBC Group NV grew its stake in shares of Huntsman by 95.3% in the fourth quarter. KBC Group NV now owns 9,232 shares of the basic materials company's stock worth $166,000 after acquiring an additional 4,506 shares during the period. Finally, Matrix Trust Co raised its holdings in shares of Huntsman by 853.7% during the fourth quarter. Matrix Trust Co now owns 9,661 shares of the basic materials company's stock valued at $174,000 after purchasing an additional 8,648 shares during the last quarter. 84.81% of the stock is owned by hedge funds and other institutional investors.
Huntsman Price Performance
Shares of HUN stock traded down $0.29 on Tuesday, hitting $16.14. 1,848,001 shares of the stock traded hands, compared to its average volume of 2,111,479. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.36 and a quick ratio of 0.83. Huntsman Co. has a 52 week low of $15.46 and a 52 week high of $26.48. The firm has a 50 day simple moving average of $17.14 and a two-hundred day simple moving average of $19.47. The firm has a market cap of $2.80 billion, a price-to-earnings ratio of -14.67 and a beta of 0.95.
Huntsman (NYSE:HUN - Get Free Report) last posted its quarterly earnings results on Monday, February 17th. The basic materials company reported ($0.25) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.18). Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.45 billion. As a group, equities research analysts predict that Huntsman Co. will post 0.32 earnings per share for the current fiscal year.
Huntsman Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 6.20%. The ex-dividend date is Friday, March 14th. Huntsman's dividend payout ratio (DPR) is currently -90.91%.
Wall Street Analyst Weigh In
HUN has been the subject of a number of research reports. Mizuho decreased their target price on shares of Huntsman from $23.00 to $21.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Citigroup lowered their target price on Huntsman from $22.00 to $19.00 and set a "neutral" rating on the stock in a report on Wednesday, December 18th. Wells Fargo & Company cut their price target on Huntsman from $25.00 to $22.00 and set an "overweight" rating for the company in a research note on Wednesday, February 19th. JPMorgan Chase & Co. lowered their price objective on shares of Huntsman from $25.00 to $22.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 19th. Finally, Royal Bank of Canada boosted their target price on shares of Huntsman from $17.00 to $18.00 and gave the company a "sector perform" rating in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $20.50.
Read Our Latest Report on HUN
About Huntsman
(
Free Report)
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.
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