Huntsman Corporation (NYSE:HUN) insider Monte G. Edlund sold 21,493 shares of the stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $31.99, for a total transaction of $687,561.07. Following the sale, the insider now directly owns 75,771 shares of the company’s stock, valued at approximately $2,423,914.29. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of Huntsman Corporation (HUN) traded down $0.18 during midday trading on Thursday, reaching $30.82. 1,983,100 shares of the company traded hands, compared to its average volume of 3,655,153. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.87 and a quick ratio of 1.52. The company has a market capitalization of $7,400.00, a price-to-earnings ratio of 12.97, a price-to-earnings-growth ratio of 1.48 and a beta of 2.87. Huntsman Corporation has a 12 month low of $18.18 and a 12 month high of $32.59.
Huntsman Corporation (NYSE:HUN) last announced its earnings results on Friday, October 27th. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.17. Huntsman Corporation had a net margin of 5.37% and a return on equity of 30.64%. The company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same period in the previous year, the business posted $0.38 earnings per share. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. analysts predict that Huntsman Corporation will post 2.61 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.62%. The ex-dividend date is Thursday, December 14th. Huntsman Corporation’s dividend payout ratio is currently 29.07%.
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A number of large investors have recently modified their holdings of HUN. SG Americas Securities LLC purchased a new position in shares of Huntsman Corporation in the first quarter worth $122,000. Wellington Management Group LLP purchased a new position in shares of Huntsman Corporation in the first quarter worth $1,308,000. FMR LLC lifted its holdings in shares of Huntsman Corporation by 10.8% in the first quarter. FMR LLC now owns 989,652 shares of the basic materials company’s stock worth $24,286,000 after buying an additional 96,781 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in shares of Huntsman Corporation by 0.6% in the first quarter. New York State Teachers Retirement System now owns 17,600 shares of the basic materials company’s stock worth $432,000 after buying an additional 100 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Huntsman Corporation by 12,556.8% in the first quarter. BlackRock Inc. now owns 10,242,161 shares of the basic materials company’s stock worth $251,343,000 after buying an additional 10,161,239 shares in the last quarter. 77.43% of the stock is currently owned by institutional investors and hedge funds.
HUN has been the subject of several research analyst reports. ValuEngine raised shares of Huntsman Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. KeyCorp reissued a “buy” rating and set a $34.00 price target on shares of Huntsman Corporation in a research report on Friday, September 1st. Zacks Investment Research raised shares of Huntsman Corporation from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Wednesday, October 11th. SunTrust Banks, Inc. restated a “buy” rating and set a $32.00 price objective on shares of Huntsman Corporation in a research note on Friday, October 27th. They noted that the move was a valuation call. Finally, Nomura raised their price objective on shares of Huntsman Corporation to $40.00 and gave the company a “buy” rating in a research note on Monday, October 30th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $31.55.
Huntsman Corporation Company Profile
Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company operates all of its businesses through its subsidiary, Huntsman International LLC (Huntsman International). The Company operates through five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
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