Empowered Funds LLC Acquires Shares of 781,193 Huntsman Corporation $HUN

Empowered Funds LLC bought a new position in shares of Huntsman Corporation (NYSE:HUN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 781,193 shares of the basic materials company’s stock, valued at approximately $8,296,000. Empowered Funds LLC owned approximately 0.45% of Huntsman as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Deutsche Bank AG bought a new stake in shares of Huntsman in the 2nd quarter worth approximately $6,773,000. Union Bancaire Privee UBP SA bought a new position in shares of Huntsman in the first quarter worth $2,632,000. Old West Investment Management LLC bought a new stake in shares of Huntsman during the 2nd quarter valued at $1,401,000. Kintayl Capital LP purchased a new stake in Huntsman during the 2nd quarter worth about $3,800,000. Finally, Pzena Investment Management LLC bought a new position in Huntsman in the 2nd quarter worth about $54,817,000. 84.81% of the stock is owned by institutional investors.

Huntsman Price Performance

HUN opened at $9.49 on Friday. The stock has a 50-day moving average price of $10.92 and a 200-day moving average price of $12.53. Huntsman Corporation has a 12-month low of $7.30 and a 12-month high of $16.08. The company has a current ratio of 1.33, a quick ratio of 0.78 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $1.66 billion, a P/E ratio of -9.12 and a beta of 0.70.

Huntsman Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $0.0875 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.35 annualized dividend and a yield of 3.7%. Huntsman’s dividend payout ratio is currently -33.65%.

Analysts Set New Price Targets

Several equities analysts recently commented on HUN shares. Wall Street Zen raised shares of Huntsman from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings cut shares of Huntsman from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, August 3rd. Royal Bank Of Canada cut their price target on shares of Huntsman from $11.00 to $10.00 and set a “sector perform” rating for the company in a report on Monday, August 3rd. Bank of America upped their price target on shares of Huntsman from $10.00 to $11.00 and gave the stock an “underperform” rating in a report on Tuesday, June 30th. Finally, Mizuho lowered their price objective on Huntsman from $14.00 to $13.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Huntsman currently has a consensus rating of “Hold” and a consensus price target of $12.50.

Insider Buying and Selling

In other Huntsman news, CEO Peter R. Huntsman purchased 100,000 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were purchased at an average cost of $9.81 per share, with a total value of $981,000.00. Following the completion of the purchase, the chief executive officer owned 7,256,341 shares of the company’s stock, valued at $71,184,705.21. The trade was a 1.40% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 6.80% of the stock is owned by insiders.

About Huntsman

Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.

The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.