VIRGINIA RETIREMENT SYSTEMS ET Al Acquires Shares of 14,100 Huntsman Corporation $HUN

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Huntsman Corporation (NYSE:HUN) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 14,100 shares of the basic materials company’s stock, valued at approximately $147,000.

A number of other hedge funds have also modified their holdings of the business. Hexagon Capital Partners LLC grew its stake in 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 in the last quarter. IFP Advisors Inc grew its stake in Huntsman by 197.6% during the 2nd quarter. IFP Advisors Inc now owns 3,661 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 2,431 shares in the last quarter. Byrne Asset Management LLC purchased a new stake in Huntsman during the 2nd quarter valued at about $44,000. Caitong International Asset Management Co. Ltd grew its stake in Huntsman by 1,717.9% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 3,254 shares of the basic materials company’s stock valued at $51,000 after acquiring an additional 3,075 shares in the last quarter. Finally, Zions Bancorporation National Association UT purchased a new stake in Huntsman during the 1st quarter valued at about $53,000. 84.81% of the stock is currently owned by institutional investors and hedge funds.

Huntsman Trading Up 3.2%

Shares of NYSE:HUN opened at $9.03 on Monday. Huntsman Corporation has a 52 week low of $7.74 and a 52 week high of $23.03. The company’s 50 day moving average is $9.78 and its two-hundred day moving average is $10.89. The company has a current ratio of 1.43, a quick ratio of 0.85 and a debt-to-equity ratio of 0.54. The company has a market cap of $1.57 billion, a PE ratio of -4.63 and a beta of 0.64.

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

Huntsman Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 11.1%. The ex-dividend date of this dividend was Monday, September 15th. Huntsman’s dividend payout ratio (DPR) is presently -51.28%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on HUN shares. Weiss Ratings restated a “sell (d)” rating on shares of Huntsman in a research report on Saturday. Mizuho dropped their price target on shares of Huntsman from $9.00 to $8.00 and set an “underperform” rating for the company in a research report on Friday, October 3rd. Wells Fargo & Company dropped their price target on shares of Huntsman from $13.00 to $9.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 5th. UBS Group decreased their price objective on shares of Huntsman from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Finally, Royal Bank Of Canada decreased their price objective on shares of Huntsman from $12.00 to $10.00 and set a “sector perform” rating on the stock in a report on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $10.90.

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.