Terra Nova Asset Management LLC acquired a new stake in Huntsman Co. (NYSE:HUN - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 24,178 shares of the basic materials company's stock, valued at approximately $585,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of HUN. Butensky & Cohen Financial Security Inc. raised its holdings in Huntsman by 0.3% in the second quarter. Butensky & Cohen Financial Security Inc. now owns 152,577 shares of the basic materials company's stock worth $3,474,000 after purchasing an additional 483 shares during the period. Dumont & Blake Investment Advisors LLC raised its stake in Huntsman by 1.7% during the 1st quarter. Dumont & Blake Investment Advisors LLC now owns 30,817 shares of the basic materials company's stock worth $802,000 after buying an additional 505 shares during the period. GAMMA Investing LLC lifted its holdings in Huntsman by 44.0% during the first quarter. GAMMA Investing LLC now owns 2,115 shares of the basic materials company's stock worth $55,000 after acquiring an additional 646 shares in the last quarter. William Blair Investment Management LLC grew its stake in Huntsman by 4.0% in the first quarter. William Blair Investment Management LLC now owns 17,131 shares of the basic materials company's stock valued at $446,000 after acquiring an additional 653 shares during the period. Finally, Quantbot Technologies LP increased its holdings in shares of Huntsman by 0.4% in the first quarter. Quantbot Technologies LP now owns 185,005 shares of the basic materials company's stock worth $4,816,000 after acquiring an additional 693 shares in the last quarter. 84.81% of the stock is owned by institutional investors.
Huntsman Stock Up 0.6 %
Shares of NYSE HUN traded up $0.15 during mid-day trading on Wednesday, hitting $23.52. The company had a trading volume of 1,632,694 shares, compared to its average volume of 1,903,564. Huntsman Co. has a one year low of $19.91 and a one year high of $27.01. The company has a market capitalization of $4.07 billion, a PE ratio of -45.21 and a beta of 1.00. The company has a current ratio of 1.30, a quick ratio of 0.77 and a debt-to-equity ratio of 0.40. The firm has a 50-day simple moving average of $22.23 and a two-hundred day simple moving average of $23.30.
Huntsman (NYSE:HUN - Get Free Report) last announced its quarterly earnings data on Monday, August 5th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.14. The company had revenue of $1.57 billion for the quarter, compared to analysts' expectations of $1.61 billion. Huntsman had a positive return on equity of 0.26% and a negative net margin of 1.44%. The business's revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.22 EPS. On average, equities analysts expect that Huntsman Co. will post 0.19 EPS for the current year.
Huntsman Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a $0.25 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.25%. Huntsman's payout ratio is -192.31%.
Analyst Ratings Changes
HUN has been the topic of several recent analyst reports. Wells Fargo & Company cut their price objective on Huntsman from $28.00 to $26.00 and set an "overweight" rating on the stock in a report on Wednesday, August 7th. UBS Group reduced their price target on shares of Huntsman from $23.00 to $22.00 and set a "neutral" rating for the company in a report on Tuesday, August 6th. Citigroup dropped their price objective on shares of Huntsman from $26.00 to $24.00 and set a "neutral" rating on the stock in a report on Thursday, June 27th. JPMorgan Chase & Co. lowered their target price on Huntsman from $27.00 to $25.00 and set an "overweight" rating for the company in a report on Wednesday, August 7th. Finally, Royal Bank of Canada boosted their price target on Huntsman from $21.00 to $24.00 and gave the company a "sector perform" rating in a report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $25.89.
Check Out Our Latest Stock Analysis 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.
Featured Articles
Before you consider Huntsman, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Huntsman wasn't on the list.
While Huntsman currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link below to learn more about using beta to protect yourself.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
