Strategic Wealth Partners Ltd. reduced its holdings in Huntsman Co. (NYSE:HUN) by 9.2% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 33,278 shares of the basic materials company’s stock after selling 3,379 shares during the period. Strategic Wealth Partners Ltd.’s holdings in Huntsman were worth $680,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Icon Wealth Partners LLC acquired a new stake in shares of Huntsman during the 1st quarter worth approximately $28,000. Meridian Wealth Management LLC acquired a new stake in Huntsman in the 1st quarter valued at $37,000. FinTrust Capital Advisors LLC boosted its stake in Huntsman by 130.2% in the 1st quarter. FinTrust Capital Advisors LLC now owns 2,021 shares of the basic materials company’s stock valued at $45,000 after buying an additional 1,143 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in Huntsman by 67.8% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 2,305 shares of the basic materials company’s stock valued at $52,000 after buying an additional 931 shares in the last quarter. Finally, Pearl River Capital LLC acquired a new stake in Huntsman in the 1st quarter valued at $54,000. 75.32% of the stock is currently owned by institutional investors.
Several analysts recently commented on HUN shares. UBS Group set a $26.00 price target on Huntsman and gave the company a “buy” rating in a research note on Wednesday, July 31st. Nomura reiterated a “buy” rating and issued a $26.00 price objective on shares of Huntsman in a research report on Sunday, August 11th. ValuEngine upgraded Huntsman from a “strong sell” rating to a “sell” rating in a research report on Friday, July 19th. Jefferies Financial Group cut their price objective on Huntsman from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, June 17th. Finally, Goldman Sachs Group upgraded Huntsman from a “neutral” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Thursday, May 9th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $27.36.
HUN traded down $0.62 during trading on Friday, hitting $18.74. The company’s stock had a trading volume of 2,505,631 shares, compared to its average volume of 2,922,307. The firm’s 50 day moving average price is $20.00 and its two-hundred day moving average price is $21.37. The company has a quick ratio of 1.16, a current ratio of 1.83 and a debt-to-equity ratio of 0.96. Huntsman Co. has a 12 month low of $17.33 and a 12 month high of $33.04. The stock has a market capitalization of $4.47 billion, a price-to-earnings ratio of 5.61, a price-to-earnings-growth ratio of 1.00 and a beta of 2.29.
Huntsman (NYSE:HUN) last issued its quarterly earnings data on Tuesday, July 30th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.02). Huntsman had a negative net margin of 1.37% and a positive return on equity of 18.68%. The business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the previous year, the firm posted $1.01 EPS. The company’s revenue for the quarter was down 8.7% compared to the same quarter last year. On average, sell-side analysts forecast that Huntsman Co. will post 2.3 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a dividend of $0.1625 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 3.47%. Huntsman’s payout ratio is currently 19.46%.
Huntsman Corporation 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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