Proficio Capital Partners LLC bought a new position in Huntsman Co. (NYSE:HUN - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 21,456 shares of the basic materials company's stock, valued at approximately $387,000.
Several other institutional investors have also made changes to their positions in the company. R Squared Ltd acquired a new position in Huntsman in the 4th quarter worth approximately $40,000. True Wealth Design LLC acquired a new stake in shares of Huntsman in the third quarter worth $62,000. MidWestOne Financial Group Inc. purchased a new position in shares of Huntsman during the third quarter valued at $203,000. KBC Group NV raised its position in Huntsman by 95.3% during the fourth quarter. KBC Group NV now owns 9,232 shares of the basic materials company's stock valued at $166,000 after buying an additional 4,506 shares during the period. Finally, Larson Financial Group LLC lifted its stake in Huntsman by 14.4% in the 3rd quarter. Larson Financial Group LLC now owns 9,261 shares of the basic materials company's stock worth $224,000 after acquiring an additional 1,163 shares in the last quarter. 84.81% of the stock is owned by hedge funds and other institutional investors.
Huntsman Stock Down 2.3 %
NYSE HUN traded down $0.38 during trading on Friday, hitting $15.83. 3,458,244 shares of the company traded hands, compared to its average volume of 2,200,623. Huntsman Co. has a 12 month low of $15.46 and a 12 month high of $26.40. The business has a fifty day simple moving average of $17.04 and a 200 day simple moving average of $19.33. The company has a market capitalization of $2.75 billion, a P/E ratio of -14.39 and a beta of 0.95. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.48.
Huntsman (NYSE:HUN - Get Free Report) last issued its quarterly earnings data on Monday, February 17th. The basic materials company reported ($0.25) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.18). Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.45 billion. As a group, sell-side analysts predict that Huntsman Co. will post 0.32 EPS for the current year.
Huntsman Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.32%. The ex-dividend date of this dividend is Friday, March 14th. Huntsman's payout ratio is -90.91%.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped their target price on Huntsman from $25.00 to $22.00 and set an "overweight" rating on the stock in a report on Wednesday, February 19th. Wells Fargo & Company dropped their price objective on shares of Huntsman from $22.00 to $20.00 and set an "overweight" rating on the stock in a research note on Friday. Mizuho lowered their price target on shares of Huntsman from $23.00 to $21.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Citigroup cut their price objective on Huntsman from $22.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, December 18th. Finally, The Goldman Sachs Group lowered their target price on Huntsman from $22.00 to $19.00 and set a "sell" rating on the stock in a research note on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Huntsman currently has a consensus rating of "Hold" and a consensus price target of $20.25.
Check Out Our Latest Stock Report on Huntsman
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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