Huntsman Target of Unusually High Options Trading (HUN)
Huntsman Co. (NYSE:HUN) saw some unusual options trading activity on Friday. Investors acquired 14,584 put options on the company. This represents an increase of approximately 2,561% compared to the typical volume of 548 put options.
Huntsman (NYSE HUN) opened at $34.56 on Monday. The company has a current ratio of 1.87, a quick ratio of 1.52 and a debt-to-equity ratio of 1.10. The company has a market cap of $8,294.68, a PE ratio of 16.23, a price-to-earnings-growth ratio of 1.73 and a beta of 2.85. Huntsman has a 12-month low of $19.52 and a 12-month high of $35.00.
Huntsman (NYSE:HUN) last posted its earnings results on Friday, October 27th. The basic materials company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.17. The business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.99 billion. Huntsman had a net margin of 5.37% and a return on equity of 30.64%. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 EPS. equities research analysts expect that Huntsman will post 2.74 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend was Thursday, December 14th. Huntsman’s dividend payout ratio (DPR) is 23.47%.
HUN has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Huntsman from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Wednesday, October 11th. Alembic Global Advisors reiterated a “buy” rating on shares of Huntsman in a report on Monday, October 2nd. KeyCorp reiterated a “buy” rating and set a $34.00 price objective on shares of Huntsman in a report on Tuesday, October 17th. Nomura lifted their price objective on shares of Huntsman from $30.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, September 19th. Finally, ValuEngine downgraded shares of Huntsman from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 15th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $33.00.
In related news, Director Mary C. Beckerle sold 4,507 shares of Huntsman stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $30.76, for a total transaction of $138,635.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP J Kimo Esplin sold 428,571 shares of Huntsman stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $31.54, for a total transaction of $13,517,129.34. Following the sale, the vice president now owns 925,271 shares of the company’s stock, valued at approximately $29,183,047.34. The disclosure for this sale can be found here. Insiders have sold a total of 25,210,738 shares of company stock valued at $561,179,159 in the last quarter. 19.00% of the stock is currently owned by company insiders.
Several institutional investors have recently modified their holdings of the company. Chickasaw Capital Management LLC purchased a new position in shares of Huntsman in the 4th quarter worth approximately $216,000. GSA Capital Partners LLP purchased a new position in shares of Huntsman in the 3rd quarter worth approximately $828,000. Algert Global LLC purchased a new position in shares of Huntsman in the 3rd quarter worth approximately $2,480,000. California Public Employees Retirement System grew its position in shares of Huntsman by 6.2% in the 3rd quarter. California Public Employees Retirement System now owns 581,447 shares of the basic materials company’s stock worth $15,943,000 after buying an additional 33,947 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Huntsman in the 3rd quarter worth approximately $642,000. 75.45% of the stock is currently owned by hedge funds and other institutional investors.
Huntsman 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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