Huntsman Co. (NYSE:HUN - Get Free Report)'s stock price reached a new 52-week low on Monday . The company traded as low as $17.64 and last traded at $17.64, with a volume of 401 shares traded. The stock had previously closed at $17.78.
Wall Street Analysts Forecast Growth
HUN has been the subject of several research reports. Wells Fargo & Company decreased their price target on shares of Huntsman from $26.00 to $25.00 and set an "overweight" rating for the company in a research note on Wednesday, November 6th. UBS Group decreased their target price on shares of Huntsman from $24.00 to $23.00 and set a "neutral" rating for the company in a research note on Tuesday, November 5th. Royal Bank of Canada dropped their price target on Huntsman from $23.00 to $20.00 and set a "sector perform" rating on the stock in a research report on Thursday, December 19th. Finally, Citigroup lowered their price objective on Huntsman from $22.00 to $19.00 and set a "neutral" rating for the company in a research note on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Huntsman presently has an average rating of "Hold" and an average price target of $24.14.
Check Out Our Latest Research Report on Huntsman
Huntsman Price Performance
The firm has a market capitalization of $3.04 billion, a P/E ratio of -25.46 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.83 and a current ratio of 1.47. The firm has a 50-day moving average of $19.95 and a 200-day moving average of $21.63.
Huntsman (NYSE:HUN - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.10 earnings per share for the quarter, meeting analysts' consensus estimates of $0.10. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.55 billion. Huntsman had a negative net margin of 1.99% and a negative return on equity of 0.03%. The firm's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.15 earnings per share. As a group, analysts predict that Huntsman Co. will post 0.09 EPS for the current year.
Huntsman Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.69%. The ex-dividend date is Friday, December 13th. Huntsman's payout ratio is -144.93%.
Insider Transactions at Huntsman
In other Huntsman news, Director Mary C. Beckerle sold 20,201 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $21.42, for a total value of $432,705.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 5.60% of the company's stock.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Seven Eight Capital LP raised its holdings in shares of Huntsman by 3.3% during the 2nd quarter. Seven Eight Capital LP now owns 24,568 shares of the basic materials company's stock worth $559,000 after acquiring an additional 795 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Huntsman by 2.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,771 shares of the basic materials company's stock worth $951,000 after buying an additional 863 shares in the last quarter. Matrix Trust Co bought a new stake in shares of Huntsman in the 3rd quarter worth about $25,000. Shayne & Jacobs LLC raised its position in shares of Huntsman by 1.2% during the 3rd quarter. Shayne & Jacobs LLC now owns 94,316 shares of the basic materials company's stock valued at $2,282,000 after buying an additional 1,140 shares in the last quarter. Finally, Larson Financial Group LLC grew its position in Huntsman by 14.4% in the third quarter. Larson Financial Group LLC now owns 9,261 shares of the basic materials company's stock worth $224,000 after acquiring an additional 1,163 shares in the last quarter. Hedge funds and other institutional investors own 84.81% of the company's stock.
About Huntsman
(
Get 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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