Madison Investment Advisors LLC purchased a new stake in Huntsman Co. (NYSE:HUN - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 74,210 shares of the basic materials company's stock, valued at approximately $1,338,000.
A number of other hedge funds and other institutional investors have also modified their holdings of HUN. Charles Schwab Investment Management Inc. lifted its stake in Huntsman by 6.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,686,557 shares of the basic materials company's stock worth $102,529,000 after acquiring an additional 349,502 shares in the last quarter. Pzena Investment Management LLC lifted its stake in Huntsman by 320.2% in the 4th quarter. Pzena Investment Management LLC now owns 4,695,678 shares of the basic materials company's stock worth $84,663,000 after acquiring an additional 3,578,100 shares in the last quarter. State Street Corp lifted its stake in Huntsman by 2.2% in the 3rd quarter. State Street Corp now owns 3,301,850 shares of the basic materials company's stock worth $79,905,000 after acquiring an additional 70,382 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its stake in shares of Huntsman by 1.1% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 3,055,267 shares of the basic materials company's stock worth $73,937,000 after purchasing an additional 31,883 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Huntsman by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,583,522 shares of the basic materials company's stock worth $62,538,000 after purchasing an additional 40,330 shares in the last quarter. Institutional investors and hedge funds own 84.81% of the company's stock.
Analysts Set New Price Targets
A number of research firms have recently weighed in on HUN. Mizuho cut their price target on Huntsman from $23.00 to $21.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. The Goldman Sachs Group cut their price target on Huntsman from $22.00 to $19.00 and set a "sell" rating for the company in a research note on Wednesday, March 5th. Alembic Global Advisors downgraded Huntsman from an "overweight" rating to a "neutral" rating in a research note on Wednesday, January 15th. Royal Bank of Canada raised their price target on Huntsman from $17.00 to $18.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 20th. Finally, 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. 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 data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $20.50.
Read Our Latest Research Report on Huntsman
Huntsman Stock Performance
HUN traded down $0.62 during midday trading on Wednesday, reaching $16.83. The company's stock had a trading volume of 4,601,819 shares, compared to its average volume of 2,113,976. The stock has a market cap of $2.91 billion, a P/E ratio of -15.30 and a beta of 0.95. The company has a fifty day simple moving average of $17.14 and a 200 day simple moving average of $19.62. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.48. Huntsman Co. has a twelve month low of $15.46 and a twelve month high of $26.48.
Huntsman (NYSE:HUN - Get Free Report) last released its earnings results on Monday, February 17th. The basic materials company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.18). The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.45 billion. Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. Research analysts expect that Huntsman Co. will post 0.32 earnings per share for the current year.
Huntsman Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.94%. The ex-dividend date of this dividend is Friday, March 14th. Huntsman's dividend payout ratio (DPR) is currently -90.91%.
Huntsman Profile
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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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