Investors Sell Huntsman Corporation (HUN) on Strength (HUN)

Traders sold shares of Huntsman Corporation (NYSE:HUN) on strength during trading hours on Friday. $16.79 million flowed into the stock on the tick-up and $38.46 million flowed out of the stock on the tick-down, for a money net flow of $21.67 million out of the stock. Of all companies tracked, Huntsman Corporation had the 0th highest net out-flow for the day. Huntsman Corporation traded up $0.06 for the day and closed at $31.72

A number of research analysts have recently issued reports on the company. UBS AG raised their price objective on Huntsman Corporation from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, October 30th. Nomura raised their price objective on Huntsman Corporation to $40.00 and gave the company a “buy” rating in a research note on Monday, October 30th. SunTrust Banks, Inc. reiterated a “buy” rating and set a $32.00 target price on shares of Huntsman Corporation in a report on Friday, October 27th. They noted that the move was a valuation call. KeyCorp reiterated a “buy” rating and set a $34.00 target price on shares of Huntsman Corporation in a report on Tuesday, October 17th. Finally, Instinet reiterated a “buy” rating and set a $34.00 target price (up from $30.00) on shares of Huntsman Corporation in a report on Wednesday, September 20th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Huntsman Corporation has a consensus rating of “Buy” and a consensus target price of $31.55.

The company has a debt-to-equity ratio of 1.10, a current ratio of 1.87 and a quick ratio of 1.31. The firm has a market cap of $7,613.05, a price-to-earnings ratio of 13.27, a P/E/G ratio of 1.52 and a beta of 2.87.

Huntsman Corporation (NYSE:HUN) last issued its quarterly earnings data on Friday, October 27th. The basic materials company reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.17. Huntsman Corporation had a net margin of 5.37% and a return on equity of 30.64%. The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same period last year, the business posted $0.38 earnings per share. Huntsman Corporation’s quarterly revenue was up 18.5% compared to the same quarter last year. research analysts predict that Huntsman Corporation will post 2.61 earnings per share for the current fiscal year.

In other Huntsman Corporation news, CEO Anthony P. Hankins sold 80,000 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $31.88, for a total value of $2,550,400.00. Following the completion of the sale, the chief executive officer now directly owns 442,615 shares in the company, valued at $14,110,566.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP J Kimo Esplin sold 428,571 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $31.54, for a total transaction of $13,517,129.34. Following the completion of the sale, the vice president now owns 925,271 shares of the company’s stock, valued at $29,183,047.34. The disclosure for this sale can be found here. Insiders sold 992,181 shares of company stock valued at $31,413,933 over the last 90 days. 19.00% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Huntsman Corporation by 6.9% in the second quarter. Vanguard Group Inc. now owns 23,571,578 shares of the basic materials company’s stock worth $609,090,000 after buying an additional 1,528,072 shares during the period. BlackRock Inc. lifted its holdings in Huntsman Corporation by 9.2% in the second quarter. BlackRock Inc. now owns 11,181,244 shares of the basic materials company’s stock worth $288,925,000 after buying an additional 939,083 shares during the period. CNH Partners LLC purchased a new stake in Huntsman Corporation in the second quarter worth about $173,105,000. Principal Financial Group Inc. lifted its holdings in Huntsman Corporation by 20.4% in the third quarter. Principal Financial Group Inc. now owns 5,792,566 shares of the basic materials company’s stock worth $158,832,000 after buying an additional 983,408 shares during the period. Finally, Farallon Capital Management LLC purchased a new stake in Huntsman Corporation in the second quarter worth about $140,053,000. Institutional investors and hedge funds own 75.00% of the company’s stock.

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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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