Dumont & Blake Investment Advisors LLC decreased its holdings in Huntsman Co. (NYSE:HUN - Free Report) by 50.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,998 shares of the basic materials company's stock after selling 30,996 shares during the quarter. Dumont & Blake Investment Advisors LLC's holdings in Huntsman were worth $750,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Matrix Trust Co purchased a new stake in Huntsman in the 3rd quarter valued at about $25,000. Fidelis Capital Partners LLC acquired a new position in shares of Huntsman in the 1st quarter valued at about $45,000. nVerses Capital LLC lifted its stake in shares of Huntsman by 1,250.0% in the 2nd quarter. nVerses Capital LLC now owns 2,700 shares of the basic materials company's stock valued at $61,000 after purchasing an additional 2,500 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of Huntsman in the 2nd quarter valued at about $65,000. Finally, Quarry LP lifted its stake in shares of Huntsman by 64.8% in the 2nd quarter. Quarry LP now owns 3,664 shares of the basic materials company's stock valued at $83,000 after purchasing an additional 1,441 shares in the last quarter. Hedge funds and other institutional investors own 84.81% of the company's stock.
Huntsman Stock Down 1.8 %
HUN stock traded down $0.40 during midday trading on Friday, hitting $22.45. 1,335,852 shares of the company's stock were exchanged, compared to its average volume of 1,876,597. The company has a current ratio of 1.30, a quick ratio of 0.77 and a debt-to-equity ratio of 0.40. Huntsman Co. has a 12-month low of $19.91 and a 12-month high of $27.01. The firm has a 50 day moving average price of $22.66 and a 200-day moving average price of $23.18. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of -43.17 and a beta of 1.00.
Huntsman (NYSE:HUN - Get Free Report) last posted its quarterly earnings data on Monday, August 5th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. Huntsman had a positive return on equity of 0.26% and a negative net margin of 1.44%. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the previous year, the business earned $0.22 EPS. Huntsman's revenue for the quarter was down 1.4% compared to the same quarter last year. On average, analysts anticipate that Huntsman Co. will post 0.19 EPS for the current year.
Huntsman Announces Dividend
The company also recently declared 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 of this dividend was Friday, September 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.45%. Huntsman's dividend payout ratio (DPR) is -192.31%.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on HUN. Wells Fargo & Company reduced their price objective on Huntsman from $28.00 to $26.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 7th. Citigroup reduced their price objective on Huntsman from $26.00 to $24.00 and set a "neutral" rating on the stock in a research note on Thursday, June 27th. UBS Group reduced their price objective on Huntsman from $23.00 to $22.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 6th. Royal Bank of Canada lifted their price objective on Huntsman from $21.00 to $24.00 and gave the company a "sector perform" rating in a research note on Friday, October 11th. Finally, JPMorgan Chase & Co. reduced their price target on Huntsman from $27.00 to $25.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $25.75.
View Our Latest Research Report on Huntsman
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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