Kennondale Capital Management LLC Acquires Shares of 26,154 Huntsman Co. (NYSE:HUN)

Kennondale Capital Management LLC purchased a new position in shares of Huntsman Co. (NYSE:HUN - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 26,154 shares of the basic materials company's stock, valued at approximately $472,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HUN. R Squared Ltd purchased a new stake in shares of Huntsman in the fourth quarter valued at about $40,000. True Wealth Design LLC purchased a new stake in shares of Huntsman in the third quarter valued at about $62,000. Signaturefd LLC lifted its holdings in shares of Huntsman by 174.5% in the fourth quarter. Signaturefd LLC now owns 4,386 shares of the basic materials company's stock valued at $79,000 after purchasing an additional 2,788 shares in the last quarter. MidWestOne Financial Group Inc. acquired a new position in shares of Huntsman in the third quarter valued at approximately $203,000. Finally, KBC Group NV raised its position 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 valued at $166,000 after buying an additional 4,506 shares during the last quarter. 84.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HUN has been the subject of a number of analyst reports. The Goldman Sachs Group cut their price objective on shares of Huntsman from $22.00 to $19.00 and set a "sell" rating for the company in a research report on Wednesday, March 5th. Morgan Stanley dropped their price target on shares of Huntsman from $24.00 to $20.00 and set an "equal weight" rating for the company in a research report on Monday, January 13th. Citigroup dropped their price target on shares of Huntsman from $22.00 to $19.00 and set a "neutral" rating for the company in a research report on Wednesday, December 18th. JPMorgan Chase & Co. dropped their price target on shares of Huntsman from $25.00 to $22.00 and set an "overweight" rating for the company in a research report on Wednesday, February 19th. Finally, Royal Bank of Canada upped their price target on shares of Huntsman from $17.00 to $18.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Huntsman has a consensus rating of "Hold" and a consensus target price of $20.50.

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Huntsman Trading Down 0.5 %

Shares of Huntsman stock traded down $0.08 during trading hours on Friday, hitting $16.27. The company's stock had a trading volume of 4,131,993 shares, compared to its average volume of 2,109,265. Huntsman Co. has a 1-year low of $15.46 and a 1-year high of $26.48. The business has a fifty day moving average of $17.15 and a 200 day moving average of $19.54. The company has a market capitalization of $2.83 billion, a PE ratio of -14.79 and a beta of 0.95. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.48.

Huntsman (NYSE:HUN - Get Free Report) last announced its earnings results on Monday, February 17th. The basic materials company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.18). The firm had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.45 billion. Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. As a group, equities analysts forecast that Huntsman Co. will post 0.32 EPS for the current year.

Huntsman Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.00 annualized dividend and a dividend yield of 6.15%. Huntsman's dividend payout ratio (DPR) is presently -90.91%.

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.