CWM LLC lifted its position in Huntsman Co. (NYSE:HUN - Free Report) by 390.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 49,160 shares of the basic materials company's stock after buying an additional 39,145 shares during the quarter. CWM LLC's holdings in Huntsman were worth $1,190,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of HUN. 1832 Asset Management L.P. increased its holdings in Huntsman by 753.2% during the 1st quarter. 1832 Asset Management L.P. now owns 2,867,920 shares of the basic materials company's stock worth $74,652,000 after purchasing an additional 2,531,800 shares during the period. Wellington Management Group LLP increased its holdings in Huntsman by 75.9% during the 4th quarter. Wellington Management Group LLP now owns 3,151,535 shares of the basic materials company's stock worth $79,198,000 after purchasing an additional 1,359,437 shares during the period. AQR Capital Management LLC increased its holdings in Huntsman by 383.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,417,641 shares of the basic materials company's stock worth $32,138,000 after purchasing an additional 1,124,113 shares during the period. Victory Capital Management Inc. increased its holdings in Huntsman by 52.4% during the 2nd quarter. Victory Capital Management Inc. now owns 2,358,390 shares of the basic materials company's stock worth $53,701,000 after purchasing an additional 811,099 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in Huntsman during the 1st quarter worth about $10,523,000. Hedge funds and other institutional investors own 84.81% of the company's stock.
Huntsman Stock Performance
Shares of HUN traded down $0.04 during mid-day trading on Thursday, reaching $23.50. 1,172,206 shares of the company's stock were exchanged, compared to its average volume of 1,899,925. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.30 and a quick ratio of 0.77. The stock has a market capitalization of $4.07 billion, a PE ratio of -45.40 and a beta of 1.00. The business's fifty day simple moving average is $22.30 and its 200-day simple moving average is $23.30. Huntsman Co. has a 52-week low of $19.91 and a 52-week high of $27.01.
Huntsman (NYSE:HUN - Get Free Report) last announced its earnings results 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 business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.61 billion. Huntsman had a negative net margin of 1.44% and a positive return on equity of 0.26%. The company's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the firm posted $0.22 earnings per share. On average, equities research analysts expect that Huntsman Co. will post 0.19 earnings per share for the current year.
Huntsman Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a $0.25 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.00 dividend on an annualized basis and a yield of 4.26%. Huntsman's dividend payout ratio (DPR) is -192.31%.
Analyst Ratings Changes
A number of research firms have recently commented on HUN. Citigroup dropped their price objective on 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. dropped their price objective on Huntsman from $27.00 to $25.00 and set an "overweight" rating on the stock in a report on Wednesday, August 7th. UBS Group dropped their price objective on Huntsman from $23.00 to $22.00 and set a "neutral" rating on the stock in a report on Tuesday, August 6th. Wells Fargo & Company dropped 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. Finally, Royal Bank of Canada increased their price objective on Huntsman from $21.00 to $24.00 and gave the company a "sector perform" rating in a report on Friday, October 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. According to MarketBeat, Huntsman presently 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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