Shares of Huntsman Co. (NYSE:HUN) have been given a consensus recommendation of “Buy” by the fifteen research firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $36.64.
HUN has been the topic of several recent research reports. JPMorgan Chase & Co. initiated coverage on shares of Huntsman in a research report on Wednesday, December 13th. They set an “overweight” rating and a $36.00 target price on the stock. Jefferies Group upped their target price on shares of Huntsman to $43.00 and gave the company a “buy” rating in a research report on Friday, January 26th. KeyCorp upped their target price on shares of Huntsman from $37.00 to $42.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. ValuEngine upgraded shares of Huntsman from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Finally, Goldman Sachs Group restated a “hold” rating and set a $36.00 target price on shares of Huntsman in a research report on Monday, December 4th.
Shares of Huntsman (NYSE HUN) traded down $0.12 during midday trading on Friday, hitting $31.36. 3,419,937 shares of the stock traded hands, compared to its average volume of 2,906,568. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.83 and a quick ratio of 1.50. The stock has a market cap of $7,909.04, a PE ratio of 12.02, a price-to-earnings-growth ratio of 1.45 and a beta of 2.71. Huntsman has a 52-week low of $21.92 and a 52-week high of $36.09.
Huntsman (NYSE:HUN) last announced its earnings results on Friday, February 23rd. The basic materials company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.10. The firm had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.10 billion. Huntsman had a net margin of 6.73% and a return on equity of 29.30%. The business’s revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.30 EPS. equities analysts forecast that Huntsman will post 2.74 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be issued a dividend of $0.1625 per share. This represents a $0.65 annualized dividend and a yield of 2.07%. This is an increase from Huntsman’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Wednesday, March 14th. Huntsman’s dividend payout ratio is presently 19.23%.
Huntsman declared that its Board of Directors has approved a stock repurchase plan on Friday, February 23rd that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the basic materials company to purchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.
In other Huntsman news, insider Monte G. Edlund sold 2,000 shares of the company’s stock in a transaction dated Saturday, February 17th. The shares were sold at an average price of $21.40, for a total value of $42,800.00. Following the transaction, the insider now directly owns 52,696 shares in the company, valued at approximately $1,127,694.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Anthony P. Hankins sold 100,000 shares of the company’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $33.24, for a total transaction of $3,324,000.00. Following the completion of the transaction, the chief executive officer now owns 462,615 shares in the company, valued at $15,377,322.60. The disclosure for this sale can be found here. Insiders have sold a total of 2,150,955 shares of company stock worth $48,905,165 over the last quarter. 19.00% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its stake in Huntsman by 2.5% in the 4th quarter. BlackRock Inc. now owns 11,671,197 shares of the basic materials company’s stock worth $388,534,000 after acquiring an additional 280,753 shares in the last quarter. Millennium Management LLC grew its stake in Huntsman by 766.0% in the 4th quarter. Millennium Management LLC now owns 6,494,754 shares of the basic materials company’s stock worth $216,210,000 after acquiring an additional 5,744,820 shares in the last quarter. Iridian Asset Management LLC CT bought a new position in Huntsman in the 4th quarter worth about $205,327,000. Principal Financial Group Inc. grew its stake in Huntsman by 20.4% in the 3rd quarter. Principal Financial Group Inc. now owns 5,792,566 shares of the basic materials company’s stock worth $158,832,000 after acquiring an additional 983,408 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Huntsman by 292.7% in the 4th quarter. Bank of New York Mellon Corp now owns 5,538,830 shares of the basic materials company’s stock worth $184,387,000 after acquiring an additional 4,128,204 shares in the last quarter. Institutional investors and hedge funds own 76.04% of the company’s stock.
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Huntsman 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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