Rhumbline Advisers Lowers Stock Position in Huntsman Corporation $HUN

Rhumbline Advisers lowered its position in shares of Huntsman Corporation (NYSE:HUN) by 3.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 168,339 shares of the basic materials company’s stock after selling 6,337 shares during the quarter. Rhumbline Advisers owned about 0.10% of Huntsman worth $2,658,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Yousif Capital Management LLC increased its holdings in Huntsman by 9.7% in the 1st quarter. Yousif Capital Management LLC now owns 11,004 shares of the basic materials company’s stock worth $174,000 after buying an additional 972 shares in the last quarter. Entropy Technologies LP grew its stake in shares of Huntsman by 6.8% during the 1st quarter. Entropy Technologies LP now owns 19,434 shares of the basic materials company’s stock valued at $307,000 after acquiring an additional 1,239 shares during the period. Gamco Investors INC. ET AL grew its stake in shares of Huntsman by 1.2% during the 1st quarter. Gamco Investors INC. ET AL now owns 117,350 shares of the basic materials company’s stock valued at $1,853,000 after acquiring an additional 1,350 shares during the period. Hexagon Capital Partners LLC grew its stake in shares of Huntsman by 177.9% during the 1st quarter. Hexagon Capital Partners LLC now owns 2,179 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 1,395 shares during the period. Finally, Quarry LP boosted its stake in Huntsman by 40.3% in the 1st quarter. Quarry LP now owns 5,034 shares of the basic materials company’s stock worth $79,000 after purchasing an additional 1,445 shares during the period. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Analyst Ratings Changes

HUN has been the subject of several research analyst reports. Royal Bank Of Canada cut their target price on shares of Huntsman from $12.00 to $10.00 and set a “sector perform” rating for the company in a research note on Monday, August 4th. Jefferies Financial Group decreased their price target on Huntsman from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Wednesday, September 10th. Wall Street Zen lowered Huntsman from a “hold” rating to a “sell” rating in a research note on Wednesday, May 21st. The Goldman Sachs Group cut their price target on Huntsman from $12.00 to $10.00 and set a “sell” rating on the stock in a research note on Thursday, August 7th. Finally, Citigroup cut their price target on Huntsman from $11.00 to $9.00 and set a “neutral” rating on the stock in a research note on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $12.05.

Huntsman Price Performance

Shares of NYSE HUN opened at $10.89 on Wednesday. The business’s 50 day moving average price is $10.67 and its 200 day moving average price is $12.27. The firm has a market cap of $1.89 billion, a P/E ratio of -5.58 and a beta of 0.65. Huntsman Corporation has a 52 week low of $8.91 and a 52 week high of $25.12. The company has a quick ratio of 0.85, a current ratio of 1.43 and a debt-to-equity ratio of 0.54.

Huntsman (NYSE:HUN) last issued its earnings results on Thursday, July 31st. The basic materials company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.05). The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Huntsman had a negative net margin of 5.75% and a negative return on equity of 2.48%. Huntsman’s quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 EPS. On average, sell-side analysts expect that Huntsman Corporation will post 0.32 earnings per share for the current year.

Huntsman Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a $0.25 dividend. The ex-dividend date is Monday, September 15th. This represents a $1.00 dividend on an annualized basis and a yield of 9.2%. Huntsman’s dividend payout ratio is currently -51.28%.

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.