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.
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