Huntsman Co. (HUN) CEO Peter R. Huntsman Acquires 25,000 Shares

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.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be given a $0.1625 dividend. This represents a $0.65 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend is Thursday, December 13th. Huntsman’s payout ratio is presently 26.21%.

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.

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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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