New York State Common Retirement Fund Buys 8,381 Shares of Huntsman Corporation (NYSE:HUN)

New York State Common Retirement Fund boosted its stake in Huntsman Corporation (NYSE:HUN) by 2.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 381,180 shares of the basic materials company’s stock after purchasing an additional 8,381 shares during the quarter. New York State Common Retirement Fund owned about 0.22% of Huntsman worth $6,019,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of HUN. Ballentine Partners LLC bought a new position in Huntsman in the 1st quarter worth approximately $212,000. Cerity Partners LLC boosted its stake in shares of Huntsman by 1,569.5% during the 1st quarter. Cerity Partners LLC now owns 238,335 shares of the basic materials company’s stock valued at $3,763,000 after purchasing an additional 224,059 shares in the last quarter. Poinciana Advisors Group LLC purchased a new position in Huntsman during the first quarter valued at $210,000. Nisa Investment Advisors LLC lifted its holdings in shares of Huntsman by 14.7% during the first quarter. Nisa Investment Advisors LLC now owns 88,315 shares of the basic materials company’s stock valued at $1,394,000 after purchasing an additional 11,300 shares during the last quarter. Finally, Twelve Points Wealth Management LLC raised its holdings in Huntsman by 51.0% in the first quarter. Twelve Points Wealth Management LLC now owns 115,641 shares of the basic materials company’s stock worth $1,826,000 after buying an additional 39,035 shares during the last quarter. 84.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on HUN shares. Mizuho reduced their price objective on Huntsman from $14.00 to $11.00 and set a “neutral” rating for the company in a research note on Tuesday, July 15th. Wells Fargo & Company downgraded Huntsman from an “overweight” rating to a “reduce” rating in a report on Monday, May 5th. Morgan Stanley cut their price target on shares of Huntsman from $20.00 to $13.50 and set an “equal weight” rating on the stock in a report on Monday, May 5th. Citigroup reaffirmed a “neutral” rating and issued a $11.00 price objective (down from $12.00) on shares of Huntsman in a report on Thursday, July 10th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Huntsman from $22.00 to $20.00 and set an “overweight” rating for the company in a research report on Monday, May 5th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $13.17.

Huntsman Trading Up 0.3%

Shares of Huntsman stock opened at $11.33 on Monday. The business’s fifty day moving average is $11.36 and its two-hundred day moving average is $14.18. Huntsman Corporation has a fifty-two week low of $10.13 and a fifty-two week high of $25.12. The company has a quick ratio of 0.82, a current ratio of 1.48 and a debt-to-equity ratio of 0.53. The firm has a market cap of $1.97 billion, a PE ratio of -12.45 and a beta of 0.70.

Huntsman (NYSE:HUN) last issued its earnings results on Thursday, May 1st. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.11). Huntsman had a negative net margin of 2.63% and a negative return on equity of 0.65%. The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter last year, the company posted ($0.06) earnings per share. Huntsman’s revenue was down 4.1% on a year-over-year basis. Analysts anticipate that Huntsman Corporation will post 0.32 earnings per share for the current year.

Huntsman Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.83%. Huntsman’s payout ratio is currently -109.89%.

Huntsman Profile

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.