Ensign Peak Advisors Inc Sells 4,960 Shares of Huntsman Co. (NYSE:HUN)

Ensign Peak Advisors Inc decreased its holdings in Huntsman Co. (NYSE:HUN – Get Rating) by 8.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,365 shares of the basic materials company’s stock after selling 4,960 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Huntsman were worth $1,309,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Brown Brothers Harriman & Co. bought a new stake in shares of Huntsman in the first quarter worth $30,000. Byrne Asset Management LLC acquired a new position in Huntsman in the third quarter valued at $26,000. CoreCap Advisors LLC acquired a new position in Huntsman in the second quarter valued at $34,000. Wipfli Financial Advisors LLC acquired a new position in Huntsman in the third quarter valued at $34,000. Finally, Advisors Asset Management Inc. acquired a new position in Huntsman in the third quarter valued at $36,000. Institutional investors own 87.57% of the company’s stock.

Huntsman Trading Down 1.7 %

HUN opened at $27.29 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.85 and a quick ratio of 1.26. Huntsman Co. has a fifty-two week low of $23.53 and a fifty-two week high of $41.06. The firm has a market capitalization of $5.02 billion, a PE ratio of 12.63, a P/E/G ratio of 2.46 and a beta of 1.15. The company’s 50-day moving average is $30.55 and its 200 day moving average is $28.25.

Huntsman (NYSE:HUN – Get Rating) last posted its earnings results on Tuesday, February 21st. The basic materials company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.07). Huntsman had a return on equity of 16.03% and a net margin of 5.47%. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the prior year, the company earned $0.95 EPS. The company’s revenue was down 21.9% on a year-over-year basis. As a group, research analysts predict that Huntsman Co. will post 1.96 earnings per share for the current fiscal year.

Huntsman Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th will be given a $0.2375 dividend. This represents a $0.95 dividend on an annualized basis and a yield of 3.48%. This is an increase from Huntsman’s previous quarterly dividend of $0.21. The ex-dividend date is Tuesday, March 14th. Huntsman’s dividend payout ratio is presently 39.35%.

Wall Street Analyst Weigh In

HUN has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Huntsman from $33.00 to $31.00 in a report on Wednesday, February 22nd. The Goldman Sachs Group boosted their target price on shares of Huntsman from $25.00 to $28.00 and gave the company a “sell” rating in a report on Thursday, December 15th. Vertical Research lowered shares of Huntsman from a “buy” rating to a “hold” rating in a report on Wednesday, February 22nd. Royal Bank of Canada dropped their price objective on shares of Huntsman from $33.00 to $30.00 and set a “sector perform” rating on the stock in a report on Thursday, February 23rd. Finally, UBS Group upped their price objective on shares of Huntsman from $27.00 to $32.00 and gave the company a “neutral” rating in a report on Wednesday, January 11th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $31.67.

Huntsman Profile

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Huntsman Corp. engages in the manufacturing of differentiated organic chemical products. It operates through the following segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment manufactures and markets polyurethane chemicals, including MDI products, PO, polyols, PG, TPU, aniline, and MTBE.