Huntsman Sees Unusually High Options Volume (NYSE:HUN)

Huntsman Co. (NYSE:HUNGet Free Report) was the recipient of some unusual options trading on Tuesday. Stock traders acquired 4,039 call options on the stock. This is an increase of approximately 71% compared to the average volume of 2,365 call options.

Analyst Ratings Changes

Several equities analysts have recently issued reports on HUN shares. JPMorgan Chase & Co. upgraded Huntsman from an “underweight” rating to an “overweight” rating and boosted their target price for the stock from $22.00 to $27.00 in a research report on Friday, June 7th. UBS Group lowered their target price on shares of Huntsman from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday. Citigroup reduced their price target on shares of Huntsman from $26.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, June 27th. Finally, Royal Bank of Canada upped their price objective on shares of Huntsman from $24.00 to $26.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $26.90.

Check Out Our Latest Analysis on Huntsman

Huntsman Price Performance

HUN stock opened at $21.47 on Wednesday. The stock has a 50-day moving average price of $23.94 and a two-hundred day moving average price of $24.50. Huntsman has a 1 year low of $21.41 and a 1 year high of $29.90. The stock has a market cap of $3.71 billion, a PE ratio of -41.29 and a beta of 1.01. The company has a current ratio of 1.55, a quick ratio of 0.98 and a debt-to-equity ratio of 0.49.

Huntsman (NYSE:HUNGet Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.06). The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.47 billion. Huntsman had a positive return on equity of 0.67% and a negative net margin of 1.49%. Huntsman’s quarterly revenue was down 8.5% on a year-over-year basis. During the same period last year, the company earned $0.20 earnings per share. Equities analysts forecast that Huntsman will post 0.4 EPS for the current fiscal year.

Huntsman Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date of this dividend was Friday, June 14th. Huntsman’s dividend payout ratio is presently -192.31%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Jacobs Levy Equity Management Inc. boosted its stake in shares of Huntsman by 3.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,770,005 shares of the basic materials company’s stock worth $43,188,000 after buying an additional 55,828 shares during the last quarter. Harvest Investment Advisors LLC grew its stake in Huntsman by 4.4% in the third quarter. Harvest Investment Advisors LLC now owns 43,481 shares of the basic materials company’s stock valued at $1,061,000 after purchasing an additional 1,829 shares in the last quarter. Neo Ivy Capital Management bought a new position in Huntsman in the third quarter valued at approximately $134,000. Wellington Management Group LLP raised its stake in shares of Huntsman by 101.9% during the 3rd quarter. Wellington Management Group LLP now owns 1,792,098 shares of the basic materials company’s stock worth $43,727,000 after purchasing an additional 904,696 shares in the last quarter. Finally, Twelve Points Wealth Management LLC boosted its holdings in shares of Huntsman by 14.5% in the 4th quarter. Twelve Points Wealth Management LLC now owns 34,403 shares of the basic materials company’s stock valued at $865,000 after buying an additional 4,368 shares during the last quarter. Institutional investors and hedge funds own 84.81% of the company’s stock.

Huntsman Company Profile

(Get Free Report)

Huntsman Corporation manufactures and sells diversified organic chemical products worldwide. The company operates in 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; and aniline, benzene, nitrobenzene and other co-products.

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