Principal Financial Group Inc. raised its stake in Huntsman Co. (NYSE:HUN - Free Report) by 10.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,342,478 shares of the basic materials company's stock after acquiring an additional 124,841 shares during the quarter. Principal Financial Group Inc. owned approximately 0.78% of Huntsman worth $32,488,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently modified their holdings of HUN. Matrix Trust Co acquired a new stake in shares of Huntsman during the third quarter valued at $25,000. nVerses Capital LLC grew its position in shares of Huntsman by 1,250.0% in the second 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 during the last quarter. Innealta Capital LLC bought a new position in Huntsman in the 2nd quarter valued at about $65,000. Quarry LP lifted its position in shares of Huntsman by 64.8% during the 2nd quarter. Quarry LP now owns 3,664 shares of the basic materials company's stock worth $83,000 after buying an additional 1,441 shares in the last quarter. Finally, Covestor Ltd lifted its position in shares of Huntsman by 188.1% during the 1st quarter. Covestor Ltd now owns 5,523 shares of the basic materials company's stock worth $144,000 after buying an additional 3,606 shares in the last quarter. 84.81% of the stock is currently owned by institutional investors.
Huntsman Stock Performance
Shares of HUN traded down $0.33 during midday trading on Tuesday, hitting $19.66. 1,207,409 shares of the stock traded hands, compared to its average volume of 1,903,362. The firm has a market capitalization of $3.40 billion, a PE ratio of -28.96 and a beta of 1.02. The business's 50 day moving average price is $22.63 and its two-hundred day moving average price is $22.96. Huntsman Co. has a 1-year low of $19.48 and a 1-year high of $27.01. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.77 and a current ratio of 1.47.
Huntsman (NYSE:HUN - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.10 earnings per share for the quarter, hitting the consensus estimate of $0.10. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.55 billion. Huntsman had a negative return on equity of 0.03% and a negative net margin of 1.99%. The firm's quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.15 EPS. Equities research analysts predict that Huntsman Co. will post 0.13 EPS for the current fiscal year.
Huntsman Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.25 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.09%. Huntsman's dividend payout ratio (DPR) is presently -144.93%.
Insider Transactions at Huntsman
In related news, Director Mary C. Beckerle sold 20,201 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $21.42, for a total transaction of $432,705.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 5.60% of the company's stock.
Analyst Ratings Changes
HUN has been the topic of a number of analyst reports. Royal Bank of Canada lifted their price objective on shares of Huntsman from $21.00 to $24.00 and gave the stock a "sector perform" rating in a research report on Friday, October 11th. UBS Group dropped their target price on Huntsman from $24.00 to $23.00 and set a "neutral" rating for the company in a report on Tuesday, November 5th. Wells Fargo & Company reduced their price target on Huntsman from $26.00 to $25.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. dropped their target price 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 issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Huntsman has a consensus rating of "Hold" and an average target price of $25.75.
Check Out Our Latest Research Report on HUN
Huntsman Company Profile
(
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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