Mutual of America Capital Management LLC held its position in shares of Huntsman Corporation (NYSE:HUN) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,345 shares of the basic materials company’s stock at the close of the 2nd quarter. Mutual of America Capital Management LLC’s holdings in Huntsman Corporation were worth $397,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd purchased a new stake in shares of Huntsman Corporation during the second quarter worth about $109,000. SG Americas Securities LLC purchased a new stake in shares of Huntsman Corporation during the first quarter worth about $122,000. Opera Trading Capital purchased a new stake in shares of Huntsman Corporation during the second quarter worth about $129,000. Bronfman E.L. Rothschild L.P. grew its position in shares of Huntsman Corporation by 0.4% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,385 shares of the basic materials company’s stock worth $139,000 after purchasing an additional 24 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Huntsman Corporation by 9.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,863 shares of the basic materials company’s stock worth $203,000 after purchasing an additional 705 shares in the last quarter. Hedge funds and other institutional investors own 75.10% of the company’s stock.
Several analysts recently issued reports on HUN shares. Alembic Global Advisors set a $28.00 target price on Huntsman Corporation and gave the stock a “buy” rating in a research report on Thursday, July 27th. Jefferies Group LLC reiterated a “buy” rating and set a $31.00 target price on shares of Huntsman Corporation in a research report on Tuesday, July 25th. BidaskClub cut Huntsman Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Instinet reiterated a “buy” rating and set a $30.00 target price on shares of Huntsman Corporation in a research report on Sunday, July 9th. Finally, KeyCorp reiterated a “buy” rating and set a $34.00 target price on shares of Huntsman Corporation in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Huntsman Corporation presently has a consensus rating of “Buy” and a consensus target price of $30.60.
Huntsman Corporation (HUN) opened at 27.21 on Wednesday. The company has a market capitalization of $6.53 billion, a price-to-earnings ratio of 15.43 and a beta of 2.79. The company’s 50-day moving average price is $27.21 and its 200-day moving average price is $25.75. Huntsman Corporation has a 52 week low of $15.38 and a 52 week high of $28.67.
Huntsman Corporation (NYSE:HUN) last posted its quarterly earnings data on Thursday, July 27th. The basic materials company reported $0.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.18. Huntsman Corporation had a return on equity of 30.04% and a net margin of 4.33%. The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.64 billion. During the same period in the previous year, the business earned $0.53 EPS. Huntsman Corporation’s quarterly revenue was up 2.8% on a year-over-year basis. Equities analysts forecast that Huntsman Corporation will post $2.33 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.50 annualized dividend and a yield of 1.84%. Huntsman Corporation’s dividend payout ratio (DPR) is currently 28.41%.
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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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