Huntsman Corp. (HUN) Trading 3.4% Higher
Huntsman Corp. (NYSE:HUN) traded up 3.4% on Thursday . The company traded as high as $13.56 and last traded at $13.35, with a volume of 2,104,348 shares. The stock had previously closed at $12.91.
HUN has been the topic of a number of recent analyst reports. Nomura Holdings Inc. reissued a “buy” rating and issued a $17.00 price objective on shares of Huntsman Corp. in a research note on Tuesday, May 3rd. Zacks Investment Research downgraded Huntsman Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday. TheStreet raised Huntsman Corp. from a “hold” rating to a “buy” rating in a research note on Friday, April 29th. Finally, Jefferies Group reissued a “buy” rating on shares of Huntsman Corp. in a research note on Friday, May 6th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Huntsman Corp. presently has an average rating of “Buy” and an average target price of $17.70.
The firm has a 50 day moving average of $14.85 and a 200 day moving average of $12.52. The stock has a market cap of $3.43 billion and a P/E ratio of 24.19.
Huntsman Corp. (NYSE:HUN) last posted its quarterly earnings data on Thursday, April 28th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.10. During the same period in the prior year, the company earned $0.40 earnings per share. The firm had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.38 million. The firm’s quarterly revenue was down 9.0% on a year-over-year basis. On average, equities research analysts expect that Huntsman Corp. will post $1.75 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th were given a dividend of $0.125 per share. The ex-dividend date was Monday, June 13th. This represents a $0.50 annualized dividend and a dividend yield of 3.47%.
Other hedge funds and institutional investors have recently bought and sold shares of the company. Boston Partners boosted its position in Huntsman Corp. by 21.8% in the fourth quarter. Boston Partners now owns 14,657,508 shares of the company’s stock valued at $166,656,000 after buying an additional 2,627,780 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Huntsman Corp. by 209.7% in the fourth quarter. Wells Fargo & Company MN now owns 4,034,419 shares of the company’s stock valued at $45,870,000 after buying an additional 2,731,750 shares during the period. Edge Asset Management Inc. boosted its position in shares of Huntsman Corp. by 25.1% in the fourth quarter. Edge Asset Management Inc. now owns 2,448,382 shares of the company’s stock valued at $27,838,000 after buying an additional 491,380 shares during the period. State of New Jersey Common Pension Fund D boosted its position in shares of Huntsman Corp. by 38.5% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 1,800,000 shares of the company’s stock valued at $20,466,000 after buying an additional 500,000 shares during the period. Finally, Lapides Asset Management LLC boosted its position in shares of Huntsman Corp. by 3.7% in the fourth quarter. Lapides Asset Management LLC now owns 1,729,700 shares of the company’s stock valued at $19,667,000 after buying an additional 61,400 shares during the period.
Huntsman Corporation (Huntsman) is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company is also engaged in performance additives and titanium dioxide business. The Company also offers titanium dioxide, a white pigment derived from titanium bearing ores; functional additives made from barium and zinc-based inorganics; color pigments made from synthetic iron-oxide and other inorganic pigments; timber treatment wood protection chemicals; water treatment products, and specialty automotive molded components.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.