180 Wealth Advisors LLC bought a new stake in shares of Huntsman Co. (NYSE:HUN – Get Rating) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 8,938 shares of the basic materials company’s stock, valued at approximately $256,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in HUN. HighTower Advisors LLC raised its stake in Huntsman by 8.8% during the 4th quarter. HighTower Advisors LLC now owns 9,428 shares of the basic materials company’s stock valued at $326,000 after purchasing an additional 760 shares during the period. JPMorgan Chase & Co. increased its stake in Huntsman by 4.4% in the 4th quarter. JPMorgan Chase & Co. now owns 332,361 shares of the basic materials company’s stock worth $11,592,000 after acquiring an additional 14,101 shares during the last quarter. Rhumbline Advisers increased its stake in Huntsman by 0.9% in the 4th quarter. Rhumbline Advisers now owns 190,950 shares of the basic materials company’s stock worth $6,660,000 after acquiring an additional 1,632 shares during the last quarter. MAI Capital Management bought a new stake in Huntsman in the 4th quarter worth approximately $360,000. Finally, Ensign Peak Advisors Inc bought a new stake in Huntsman in the 4th quarter worth approximately $1,037,000. Institutional investors own 87.62% of the company’s stock.
Analyst Upgrades and Downgrades
HUN has been the topic of a number of research reports. StockNews.com downgraded Huntsman from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 15th. Credit Suisse Group started coverage on Huntsman in a report on Monday, September 12th. They issued an “outperform” rating and a $33.00 target price for the company. Citigroup dropped their target price on Huntsman from $35.00 to $34.00 in a report on Thursday, August 4th. Royal Bank of Canada lifted their target price on Huntsman from $39.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, August 11th. Finally, UBS Group cut Huntsman from a “buy” rating to a “neutral” rating and set a $40.00 target price for the company. in a report on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Huntsman presently has a consensus rating of “Moderate Buy” and an average price target of $42.50.
Huntsman Price Performance
Huntsman (NYSE:HUN – Get Rating) last issued its earnings results on Tuesday, August 2nd. The basic materials company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.14. Huntsman had a return on equity of 22.23% and a net margin of 13.45%. The business had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.30 billion. During the same period in the prior year, the business earned $0.86 EPS. The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Huntsman Co. will post 4.29 EPS for the current year.
Huntsman Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be issued a $0.2125 dividend. This represents a $0.85 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend is Wednesday, September 14th. Huntsman’s dividend payout ratio is 14.63%.
Insiders Place Their Bets
In other news, VP David M. Stryker bought 10,000 shares of the stock in a transaction on Friday, August 12th. The stock was acquired at an average cost of $29.90 per share, for a total transaction of $299,000.00. Following the acquisition, the vice president now owns 341,614 shares of the company’s stock, valued at $10,214,258.60. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Curtis E. Espeland purchased 15,000 shares of Huntsman stock in a transaction dated Thursday, August 11th. The stock was purchased at an average cost of $30.18 per share, with a total value of $452,700.00. Following the transaction, the director now owns 18,533 shares in the company, valued at approximately $559,325.94. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP David M. Stryker purchased 10,000 shares of Huntsman stock in a transaction dated Friday, August 12th. The stock was bought at an average cost of $29.90 per share, with a total value of $299,000.00. Following the completion of the transaction, the vice president now owns 341,614 shares in the company, valued at approximately $10,214,258.60. The disclosure for this purchase can be found here. Company insiders own 6.40% of the company’s stock.
Huntsman Corporation manufactures and sells differentiated organic chemical products worldwide. The company operates through four segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyols, thermoplastic polyurethane, propylene oxide, and methyl tertiary-butyl ether products.
- Get a free copy of the StockNews.com research report on Huntsman (HUN)
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