Huntsman Co. (NYSE:HUN – Get Free Report) was the target of unusually large options trading on Wednesday. Stock traders acquired 9,476 put options on the stock. This represents an increase of approximately 818% compared to the typical volume of 1,032 put options.
Huntsman Stock Down 1.7 %
Shares of NYSE:HUN opened at $26.73 on Thursday. The stock has a fifty day simple moving average of $27.89 and a two-hundred day simple moving average of $27.09. The stock has a market capitalization of $4.76 billion, a price-to-earnings ratio of 27.84 and a beta of 1.16. Huntsman has a 12-month low of $23.52 and a 12-month high of $33.46. The company has a current ratio of 2.14, a quick ratio of 1.28 and a debt-to-equity ratio of 0.41.
Huntsman (NYSE:HUN – Get Free Report) last announced its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.08). The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Huntsman had a net margin of 2.64% and a return on equity of 5.75%. The firm’s quarterly revenue was down 26.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.28 EPS. On average, research analysts anticipate that Huntsman will post 0.82 earnings per share for the current fiscal year.
Huntsman Dividend Announcement
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on HUN shares. Citigroup increased their price objective on Huntsman from $29.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, August 2nd. 58.com reiterated an “initiates” rating on shares of Huntsman in a report on Wednesday, June 14th. Deutsche Bank Aktiengesellschaft dropped their price objective on Huntsman from $29.00 to $27.00 in a report on Tuesday, June 20th. Mizuho lowered their target price on Huntsman from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Thursday, August 3rd. Finally, Morgan Stanley restated an “overweight” rating and issued a $30.00 target price on shares of Huntsman in a research note on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Huntsman currently has an average rating of “Hold” and a consensus price target of $28.42.
Institutional Trading of Huntsman
A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. increased its holdings in shares of Huntsman by 1.6% in the 1st quarter. BlackRock Inc. now owns 13,441,732 shares of the basic materials company’s stock worth $367,766,000 after purchasing an additional 215,413 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Huntsman by 1.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,606,802 shares of the basic materials company’s stock worth $259,578,000 after purchasing an additional 105,691 shares in the last quarter. FMR LLC grew its holdings in shares of Huntsman by 61.7% in the first quarter. FMR LLC now owns 7,976,147 shares of the basic materials company’s stock worth $218,227,000 after acquiring an additional 3,044,156 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Huntsman by 35.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 6,311,150 shares of the basic materials company’s stock worth $170,527,000 after acquiring an additional 1,645,657 shares during the period. Finally, Stifel Financial Corp grew its holdings in shares of Huntsman by 0.5% in the second quarter. Stifel Financial Corp now owns 5,719,453 shares of the basic materials company’s stock worth $154,540,000 after acquiring an additional 28,931 shares during the period. Institutional investors own 83.44% of the company’s stock.
Huntsman Company Profile
Huntsman Corporation manufactures and sells diversified organic chemical products worldwide. The company operates through three segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyether and polyester polyols, and thermoplastic polyurethane.
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