Morse Asset Management Inc raised its position in Huntsman Corporation (NYSE:HUN) by 2.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 158,790 shares of the basic materials company’s stock after buying an additional 3,475 shares during the period. Huntsman Corporation comprises 1.3% of Morse Asset Management Inc’s portfolio, making the stock its 23rd largest position. Morse Asset Management Inc owned approximately 0.07% of Huntsman Corporation worth $4,103,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in Huntsman Corporation during the first quarter worth $122,000. Opera Trading Capital acquired a new stake in Huntsman Corporation during the second quarter worth $129,000. CIBC Asset Management Inc acquired a new stake in Huntsman Corporation during the second quarter worth $207,000. World Asset Management Inc acquired a new stake in Huntsman Corporation during the first quarter worth $241,000. Finally, Asset Management One Co. Ltd. acquired a new stake in Huntsman Corporation during the first quarter worth $262,000. 72.29% of the stock is owned by institutional investors and hedge funds.
Shares of Huntsman Corporation (NYSE HUN) traded up 0.60% on Friday, reaching $25.34. 1,718,254 shares of the company were exchanged. Huntsman Corporation has a 12 month low of $14.16 and a 12 month high of $28.30. The company’s 50-day moving average price is $26.29 and its 200 day moving average price is $24.33. The company has a market cap of $6.08 billion, a price-to-earnings ratio of 14.37 and a beta of 2.81.
Huntsman Corporation (NYSE:HUN) last released its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.18. Huntsman Corporation had a net margin of 4.33% and a return on equity of 30.04%. The firm had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.64 billion. During the same quarter last year, the business earned $0.53 EPS. The company’s revenue was up 2.8% compared to the same quarter last year. On average, equities research analysts expect that Huntsman Corporation will post $2.20 EPS for the current year.
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A number of equities research analysts recently weighed in on the stock. KeyCorp raised shares of Huntsman Corporation from a “sector weight” rating to an “overweight” rating and set a $34.00 price target for the company in a research note on Monday, July 24th. BidaskClub downgraded shares of Huntsman Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. ValuEngine raised shares of Huntsman Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 3rd. Alembic Global Advisors set a $28.00 price target on shares of Huntsman Corporation and gave the stock a “buy” rating in a research note on Thursday, July 27th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $29.00 price target on shares of Huntsman Corporation in a research note on Friday, July 14th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $29.00.
In other Huntsman Corporation news, VP Randy W. Wright sold 56,675 shares of the firm’s stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $25.76, for a total transaction of $1,459,948.00. Following the completion of the transaction, the vice president now owns 66,023 shares in the company, valued at approximately $1,700,752.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Peter R. Huntsman purchased 10,000 shares of the stock in a transaction on Wednesday, May 31st. The shares were purchased at an average price of $23.83 per share, with a total value of $238,300.00. Following the acquisition, the chief executive officer now owns 4,042,720 shares in the company, valued at approximately $96,338,017.60. The disclosure for this purchase can be found here. 19.00% of the stock is currently owned by company insiders.
About Huntsman Corporation
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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