Huntsman Co. (NYSE:HUN) CEO Peter R. Huntsman purchased 25,000 shares of the company’s stock in a transaction on Thursday, November 29th. The shares were purchased at an average cost of $19.90 per share, for a total transaction of $497,500.00. Following the completion of the transaction, the chief executive officer now directly owns 4,956,349 shares of the company’s stock, valued at approximately $98,631,345.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of HUN opened at $20.58 on Tuesday. The stock has a market capitalization of $4.82 billion, a PE ratio of 8.30, a P/E/G ratio of 0.70 and a beta of 2.69. 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 quick ratio of 1.51 and a current ratio of 1.88.
Huntsman (NYSE:HUN) last issued its quarterly earnings data 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. The company had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.24 billion. Huntsman had a net margin of 9.88% and a return on equity of 22.96%. The company’s revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.67 earnings per share. Equities research analysts anticipate that Huntsman Co. will post 3.4 EPS for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the company. Acadian Asset Management LLC increased its position in Huntsman by 200.9% during the second quarter. Acadian Asset Management LLC now owns 22,259 shares of the basic materials company’s stock worth $650,000 after acquiring an additional 14,861 shares during the period. Janney Montgomery Scott LLC increased its position in Huntsman by 48.2% during the second quarter. Janney Montgomery Scott LLC now owns 17,175 shares of the basic materials company’s stock worth $502,000 after acquiring an additional 5,583 shares during the period. Piedmont Investment Advisors LLC bought a new position in Huntsman during the second quarter worth about $486,000. Aperio Group LLC increased its position in Huntsman by 6.2% during the second quarter. Aperio Group LLC now owns 86,615 shares of the basic materials company’s stock worth $2,529,000 after acquiring an additional 5,048 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in Huntsman during the second quarter worth about $122,000. 77.51% of the stock is currently owned by institutional investors.
Several analysts have issued reports on the stock. Seaport Global Securities assumed coverage on shares of Huntsman in a research report on Friday, August 24th. They set a “buy” rating on the stock. KeyCorp dropped their price target on shares of Huntsman from $36.00 to $32.00 and set an “overweight” rating on the stock in a research report on Monday. Nomura dropped their price target on shares of Huntsman from $37.00 to $30.00 and set a “neutral” rating on the stock in a research report on Monday, October 15th. Citigroup lowered shares of Huntsman from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $43.00 to $30.00 in a research report on Monday, October 1st. Finally, Barclays dropped their price target on shares of Huntsman from $29.00 to $22.00 and set an “underweight” rating on the stock in a research report on Thursday, November 1st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $34.27.
Huntsman Company Profile
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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