Huntsman Co. (NYSE:HUN) CEO Peter R. Huntsman purchased 25,000 shares of the business’s stock in a transaction dated Thursday, November 29th. The shares were purchased at an average price of $19.90 per share, with a total value of $497,500.00. Following the acquisition, the chief executive officer now directly owns 4,956,349 shares in the company, valued at $98,631,345.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Huntsman stock opened at $19.55 on Thursday. Huntsman Co. has a fifty-two week low of $19.07 and a fifty-two week high of $36.09. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.88 and a quick ratio of 1.51. The company has a market capitalization of $4.66 billion, a P/E ratio of 7.88, a P/E/G ratio of 0.68 and a beta of 2.68.
Huntsman (NYSE:HUN) last posted its earnings results on Tuesday, October 30th. The basic materials company reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.02. Huntsman had a net margin of 9.88% and a return on equity of 22.96%. The firm had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter last year, the firm earned $0.67 EPS. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. On average, sell-side analysts expect that Huntsman Co. will post 3.39 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be issued a $0.1625 dividend. The ex-dividend date is Thursday, December 13th. This represents a $0.65 annualized dividend and a yield of 3.32%. Huntsman’s dividend payout ratio (DPR) is presently 26.21%.
A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Huntsman by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 23,641,404 shares of the basic materials company’s stock valued at $643,755,000 after purchasing an additional 314,873 shares during the last quarter. Morgan Stanley increased its holdings in Huntsman by 63.0% in the 3rd quarter. Morgan Stanley now owns 860,281 shares of the basic materials company’s stock valued at $23,425,000 after purchasing an additional 332,502 shares during the last quarter. Legal & General Group Plc increased its holdings in Huntsman by 3.0% in the 3rd quarter. Legal & General Group Plc now owns 173,916 shares of the basic materials company’s stock valued at $4,736,000 after purchasing an additional 5,064 shares during the last quarter. Csenge Advisory Group acquired a new stake in Huntsman in the 3rd quarter valued at approximately $152,000. Finally, NorthCoast Asset Management LLC increased its holdings in Huntsman by 0.4% in the 3rd quarter. NorthCoast Asset Management LLC now owns 1,046,791 shares of the basic materials company’s stock valued at $28,504,000 after purchasing an additional 4,308 shares during the last quarter. Hedge funds and other institutional investors own 77.51% of the company’s stock.
A number of brokerages have recently issued reports on HUN. KeyCorp cut their price target on shares of Huntsman from $36.00 to $32.00 and set an “overweight” rating for the company in a report on Monday. Citigroup cut their price target on shares of Huntsman from $30.00 to $25.50 and set a “neutral” rating for the company in a report on Friday, November 2nd. Barclays cut their price target on shares of Huntsman from $29.00 to $22.00 and set an “underweight” rating for the company in a report on Thursday, November 1st. Nomura cut their price target on shares of Huntsman from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, October 31st. Finally, Alembic Global Advisors set a $40.00 price target on shares of Huntsman and gave the stock a “buy” rating in a report on Tuesday, October 30th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $34.13.
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Huntsman Corporation, through its subsidiary, Huntsman International LLC, manufactures and sells differentiated organic chemical products worldwide. The company operates in four segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyols, thermoplastic polyurethane, propylene oxide, and methyl tertiary-butyl ether products.
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