Raymond James & Associates Has $15.30 Million Stake in Huntsman Co. (NYSE:HUN)

Raymond James & Associates lifted its stake in shares of Huntsman Co. (NYSE:HUN – Get Rating) by 2.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 556,625 shares of the basic materials company’s stock after acquiring an additional 11,233 shares during the period. Raymond James & Associates owned 0.29% of Huntsman worth $15,296,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. American Century Companies Inc. raised its holdings in shares of Huntsman by 33.6% during the first quarter. American Century Companies Inc. now owns 27,472 shares of the basic materials company’s stock valued at $1,030,000 after purchasing an additional 6,907 shares during the period. HighTower Advisors LLC raised its stake in Huntsman by 42.3% during the 1st quarter. HighTower Advisors LLC now owns 13,414 shares of the basic materials company’s stock worth $506,000 after buying an additional 3,986 shares during the period. MetLife Investment Management LLC bought a new position in Huntsman in the first quarter worth approximately $155,000. BlackRock Inc. grew its stake in Huntsman by 0.4% in the first quarter. BlackRock Inc. now owns 12,672,792 shares of the basic materials company’s stock valued at $475,358,000 after acquiring an additional 47,739 shares during the period. Finally, Great West Life Assurance Co. Can increased its holdings in shares of Huntsman by 9.0% during the first quarter. Great West Life Assurance Co. Can now owns 14,250 shares of the basic materials company’s stock valued at $565,000 after acquiring an additional 1,173 shares in the last quarter. 87.57% of the stock is owned by institutional investors.

Analysts Set New Price Targets

HUN has been the subject of a number of recent research reports. Vertical Research lowered shares of Huntsman from a “buy” rating to a “hold” rating in a research note on Wednesday, February 22nd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Huntsman from $31.00 to $29.00 in a report on Monday, May 8th. StockNews.com assumed coverage on Huntsman in a report on Thursday, March 16th. They set a “hold” rating for the company. Mizuho decreased their price target on Huntsman from $27.00 to $26.00 in a report on Tuesday, May 9th. Finally, 58.com restated a “reiterates” rating on shares of Huntsman in a research note on Tuesday, May 9th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $29.33.

Huntsman Stock Up 1.0 %

Huntsman stock opened at $25.30 on Tuesday. The company has a quick ratio of 1.26, a current ratio of 1.85 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $4.58 billion, a P/E ratio of 12.97, a P/E/G ratio of 2.71 and a beta of 1.12. The firm has a 50 day moving average price of $26.84 and a 200-day moving average price of $28.35. Huntsman Co. has a twelve month low of $23.53 and a twelve month high of $37.13.

Huntsman (NYSE:HUN – Get Rating) last released its earnings results on Friday, May 5th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. Huntsman had a return on equity of 11.11% and a net margin of 5.11%. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period last year, the business posted $1.19 earnings per share. The business’s revenue for the quarter was down 26.7% on a year-over-year basis. As a group, equities analysts predict that Huntsman Co. will post 1.71 EPS for the current year.

Huntsman Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be issued a dividend of $0.2375 per share. This represents a $0.95 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend is Wednesday, June 14th. Huntsman’s dividend payout ratio (DPR) is presently 48.72%.

About Huntsman

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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.