Bank of Montreal Can Buys 14,810 Shares of Huntsman Corporation $HUN

Bank of Montreal Can boosted its stake in Huntsman Corporation (NYSE:HUN) by 47.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,933 shares of the basic materials company’s stock after purchasing an additional 14,810 shares during the quarter. Bank of Montreal Can’s holdings in Huntsman were worth $479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. IFP Advisors Inc grew its position in Huntsman by 197.6% during the second 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 during the last quarter. Byrne Asset Management LLC bought a new position in shares of Huntsman during the 2nd quarter valued at $44,000. Caitong International Asset Management Co. Ltd raised its position in Huntsman by 1,717.9% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 3,254 shares of the basic materials company’s stock worth $51,000 after purchasing an additional 3,075 shares during the period. Zions Bancorporation National Association UT bought a new stake in Huntsman in the first quarter worth $53,000. Finally, Strengthening Families & Communities LLC boosted its position in 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 buying an additional 3,717 shares during the period. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Huntsman Price Performance

Shares of NYSE HUN opened at $8.27 on Tuesday. The company has a 50 day moving average of $8.99 and a 200 day moving average of $10.31. 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 twelve month low of $7.30 and a twelve month high of $20.94. The firm has a market cap of $1.44 billion, a P/E ratio of -4.24 and a beta of 0.68.

Huntsman (NYSE:HUN) last posted its quarterly earnings results on Thursday, November 6th. The basic materials company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.10. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Huntsman had a negative return on equity of 2.48% and a negative net margin of 5.75%.The company’s revenue was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.10 earnings per share. As a group, research analysts expect that Huntsman Corporation will post 0.32 EPS for the current fiscal year.

Huntsman Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be issued a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Monday, December 15th. Huntsman’s dividend payout ratio (DPR) is presently -18.42%.

Analyst Upgrades and Downgrades

HUN has been the topic of several analyst reports. Citigroup decreased their target price 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. JPMorgan Chase & Co. decreased their price objective on shares of Huntsman from $20.00 to $11.00 and set an “overweight” rating on the stock in a research report on Monday, November 10th. Mizuho dropped their target price on shares of Huntsman from $9.00 to $8.00 and set an “underperform” rating for the company in a report on Friday, October 3rd. Alembic Global Advisors set a $11.00 price target on Huntsman in a report on Monday, October 27th. Finally, Jefferies Financial Group lowered their price target on Huntsman from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Wednesday, September 10th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, Huntsman presently has a consensus rating of “Reduce” and an average target price of $10.00.

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.