Huntsman Co. (NYSE:HUN) Stock Position Reduced by Keybank National Association OH

Keybank National Association OH lessened its position in shares of Huntsman Co. (NYSE:HUNGet Rating) by 39.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,673 shares of the basic materials company’s stock after selling 7,540 shares during the period. Keybank National Association OH’s holdings in Huntsman were worth $331,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. CWM LLC increased its position in shares of Huntsman by 45.3% during the 1st quarter. CWM LLC now owns 1,136 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 354 shares during the period. Avantax Advisory Services Inc. boosted its position in Huntsman by 44.0% during the first quarter. Avantax Advisory Services Inc. now owns 8,638 shares of the basic materials company’s stock valued at $323,000 after purchasing an additional 2,639 shares during the last quarter. New York State Teachers Retirement System acquired a new stake in Huntsman during the first quarter valued at $686,000. DekaBank Deutsche Girozentrale bought a new position in Huntsman during the first quarter valued at about $211,000. Finally, TownSquare Capital LLC raised its holdings in Huntsman by 4.7% during the first quarter. TownSquare Capital LLC now owns 53,236 shares of the basic materials company’s stock valued at $1,997,000 after buying an additional 2,413 shares in the last quarter. Institutional investors own 87.62% of the company’s stock.

Huntsman Price Performance

HUN opened at $29.02 on Friday. The company has a market capitalization of $5.57 billion, a price-to-earnings ratio of 5.40, a PEG ratio of 1.20 and a beta of 1.14. The company has a quick ratio of 1.26, a current ratio of 2.00 and a debt-to-equity ratio of 0.37. The firm has a 50-day moving average price of $26.21 and a 200-day moving average price of $29.49. Huntsman Co. has a twelve month low of $23.53 and a twelve month high of $41.65.

Huntsman (NYSE:HUNGet Rating) last issued its quarterly earnings data on Friday, November 4th. The basic materials company reported $0.71 EPS for the quarter, meeting the consensus estimate of $0.71. Huntsman had a net margin of 12.66% and a return on equity of 19.94%. The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the previous year, the company earned $1.08 earnings per share. Huntsman’s revenue for the quarter was down 12.0% on a year-over-year basis. Equities analysts expect that Huntsman Co. will post 3.72 EPS for the current year.

Huntsman Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Thursday, December 15th will be given a $0.2125 dividend. This represents a $0.85 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date is Wednesday, December 14th. Huntsman’s dividend payout ratio is presently 15.83%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on HUN shares. Scotiabank lowered Huntsman from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $36.00 to $30.00 in a research note on Monday, November 7th. StockNews.com downgraded Huntsman from a “buy” rating to a “hold” rating in a report on Monday, November 7th. Deutsche Bank Aktiengesellschaft upped their price objective on Huntsman from $29.00 to $31.00 in a report on Tuesday, November 8th. UBS Group downgraded Huntsman from a “buy” rating to a “neutral” rating and set a $40.00 price target on the stock. in a research note on Wednesday, August 3rd. Finally, Morgan Stanley reduced their price objective on shares of Huntsman from $40.00 to $37.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 12th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Huntsman currently has a consensus rating of “Hold” and a consensus target price of $36.81.

Huntsman Company Profile

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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.

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Institutional Ownership by Quarter for Huntsman (NYSE:HUN)

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