Teacher Retirement System of Texas Acquires 90,446 Shares of Huntsman Corporation (HUN)
Teacher Retirement System of Texas grew its holdings in Huntsman Corporation (NYSE:HUN) by 553.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 106,783 shares of the basic materials company’s stock after acquiring an additional 90,446 shares during the quarter. Teacher Retirement System of Texas’ holdings in Huntsman Corporation were worth $2,928,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Huntsman Corporation by 6.9% in the second quarter. Vanguard Group Inc. now owns 23,571,578 shares of the basic materials company’s stock valued at $609,090,000 after acquiring an additional 1,528,072 shares during the period. BlackRock Inc. boosted its position in shares of Huntsman Corporation by 9.2% in the second quarter. BlackRock Inc. now owns 11,181,244 shares of the basic materials company’s stock valued at $288,925,000 after acquiring an additional 939,083 shares during the period. CNH Partners LLC bought a new stake in shares of Huntsman Corporation in the second quarter valued at about $173,105,000. Principal Financial Group Inc. boosted its position in shares of Huntsman Corporation by 20.4% in the third quarter. Principal Financial Group Inc. now owns 5,792,566 shares of the basic materials company’s stock valued at $158,832,000 after acquiring an additional 983,408 shares during the period. Finally, Farallon Capital Management LLC bought a new stake in shares of Huntsman Corporation in the second quarter valued at about $140,053,000. 77.43% of the stock is owned by institutional investors.
In other Huntsman Corporation news, Director Alvin V. Shoemaker sold 38,009 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $31.28, for a total transaction of $1,188,921.52. Following the completion of the transaction, the director now owns 37,227 shares of the company’s stock, valued at $1,164,460.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mary C. Beckerle sold 4,507 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $30.76, for a total value of $138,635.32. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,056,190 shares of company stock valued at $33,429,051. Insiders own 19.00% of the company’s stock.
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A number of equities research analysts have recently issued reports on HUN shares. ValuEngine raised shares of Huntsman Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. KeyCorp reaffirmed a “buy” rating and issued a $34.00 price target on shares of Huntsman Corporation in a research note on Friday, September 1st. Zacks Investment Research raised Huntsman Corporation from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Wednesday, October 11th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $32.00 price target on shares of Huntsman Corporation in a research note on Friday, October 27th. They noted that the move was a valuation call. Finally, Nomura boosted their price target on Huntsman Corporation to $40.00 and gave the company a “buy” rating in a research note on Monday, October 30th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $31.55.
Huntsman Corporation (NYSE HUN) opened at $30.72 on Tuesday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.52 and a current ratio of 1.87. The company has a market capitalization of $7,330.00, a PE ratio of 12.78, a price-to-earnings-growth ratio of 1.46 and a beta of 2.87. Huntsman Corporation has a 52 week low of $18.18 and a 52 week high of $32.59.
Huntsman Corporation (NYSE:HUN) last issued its earnings results on Friday, October 27th. The basic materials company reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.17. The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.99 billion. Huntsman Corporation had a return on equity of 30.64% and a net margin of 5.37%. The business’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.38 earnings per share. sell-side analysts forecast that Huntsman Corporation will post 2.61 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Thursday, December 14th. Huntsman Corporation’s payout ratio is 29.07%.
Huntsman Corporation Company Profile
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). The Company operates through five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
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