IFP Advisors Inc Buys 2,431 Shares of Huntsman Corporation $HUN

IFP Advisors Inc increased its stake in shares of Huntsman Corporation (NYSE:HUN) by 197.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,661 shares of the basic materials company’s stock after purchasing an additional 2,431 shares during the quarter. IFP Advisors Inc’s holdings in Huntsman were worth $38,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Hexagon Capital Partners LLC grew its stake in shares of Huntsman by 177.9% during the first quarter. Hexagon Capital Partners LLC now owns 2,179 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 1,395 shares during the last quarter. Byrne Asset Management LLC bought a new stake in shares of Huntsman during the second quarter valued at approximately $44,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Huntsman by 1,717.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 3,254 shares of the basic materials company’s stock valued at $51,000 after purchasing an additional 3,075 shares during the last quarter. Zions Bancorporation National Association UT bought a new stake in shares of Huntsman during the first quarter valued at approximately $53,000. Finally, Strengthening Families & Communities LLC grew its stake in shares of Huntsman by 1,966.7% during the first quarter. Strengthening Families & Communities LLC now owns 3,906 shares of the basic materials company’s stock valued at $62,000 after purchasing an additional 3,717 shares during the last quarter. 84.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Jefferies Financial Group decreased their price target on shares of Huntsman from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, September 10th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Huntsman in a research note on Wednesday, October 8th. Wells Fargo & Company reduced their price objective on shares of Huntsman from $13.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 5th. Citigroup reduced their price objective on shares of Huntsman from $9.00 to $8.50 and set a “neutral” rating on the stock in a research note on Thursday, October 2nd. Finally, UBS Group reduced their price objective on shares of Huntsman from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $10.90.

Huntsman Price Performance

HUN opened at $8.25 on Wednesday. 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 Corporation has a 12 month low of $7.74 and a 12 month high of $23.08. The company has a fifty day simple moving average of $9.86 and a 200 day simple moving average of $10.99. The stock has a market cap of $1.43 billion, a P/E ratio of -4.23 and a beta of 0.64.

Huntsman (NYSE:HUN) last released its quarterly earnings data 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). Huntsman had a negative net margin of 5.75% and a negative return on equity of 2.48%. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the company earned $0.14 EPS. Huntsman’s quarterly revenue was down 7.4% on a year-over-year basis. On average, research analysts expect that Huntsman Corporation will post 0.32 EPS for the current year.

Huntsman Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a $0.25 dividend. The ex-dividend date was Monday, September 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 12.1%. Huntsman’s dividend payout ratio is currently -51.28%.

Huntsman Company 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.