Huntsman Corp. (HUN) Trading Down 3.1%
Huntsman Corp. (NYSE:HUN) was down 3.1% during mid-day trading on Wednesday . The company traded as low as $15.37 and last traded at $15.61, with a volume of 4,699,282 shares trading hands. The stock had previously closed at $16.11.
A number of equities research analysts have recently issued reports on HUN shares. Jefferies Group reiterated a “buy” rating on shares of Huntsman Corp. in a research note on Friday, May 6th. Zacks Investment Research downgraded Huntsman Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, April 13th. Nomura increased their price target on Huntsman Corp. from $14.00 to $17.00 and gave the company a “buy” rating in a report on Friday, April 1st. TheStreet raised Huntsman Corp. from a “hold” rating to a “buy” rating in a report on Friday, April 29th. Finally, Citigroup Inc. increased their price target on Huntsman Corp. from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Friday, July 15th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $18.20.
The stock has a market cap of $3.72 billion and a P/E ratio of 26.19. The company has a 50-day moving average price of $15.05 and a 200-day moving average price of $12.94.
Huntsman Corp. (NYSE:HUN) last posted its earnings results on Wednesday, July 27th. The company reported $0.53 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.53. The company had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter last year, the business earned $0.63 earnings per share. Huntsman Corp.’s quarterly revenue was down 7.2% on a year-over-year basis. On average, analysts expect that Huntsman Corp. will post $1.80 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were issued a dividend of $0.125 per share. The ex-dividend date was Monday, June 13th. This represents a $0.50 annualized dividend and a yield of 3.20%.
A number of institutional investors recently bought and sold shares of HUN. Twin Capital Management Inc. raised its position in Huntsman Corp. by 82.0% in the fourth quarter. Twin Capital Management Inc. now owns 88,460 shares of the company’s stock valued at $1,006,000 after buying an additional 39,850 shares during the period. US Bancorp DE raised its position in Huntsman Corp. by 140.9% in the fourth quarter. US Bancorp DE now owns 108,661 shares of the company’s stock valued at $1,236,000 after buying an additional 63,560 shares during the period. OppenheimerFunds Inc. bought a new position in Huntsman Corp. during the fourth quarter valued at $1,340,000. Sei Investments Co. raised its position in Huntsman Corp. by 2,939.6% in the fourth quarter. Sei Investments Co. now owns 156,055 shares of the company’s stock valued at $1,775,000 after buying an additional 150,921 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. raised its position in Huntsman Corp. by 3,098.3% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 188,700 shares of the company’s stock valued at $2,146,000 after buying an additional 182,800 shares during the period.
Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company operates all of its businesses through its subsidiary, Huntsman International LLC (Huntsman International). It operates in five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
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