Huntsman Co. (NYSE:HUN) has received a consensus rating of “Hold” from the fifteen analysts that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $32.56.
Several equities analysts have recently issued reports on the stock. ValuEngine downgraded shares of Huntsman from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 2nd. Morgan Stanley assumed coverage on shares of Huntsman in a report on Tuesday, September 25th. They set an “equal weight” rating and a $30.00 price target for the company. Alembic Global Advisors set a $40.00 price target on shares of Huntsman and gave the company a “buy” rating in a report on Tuesday, October 30th. Citigroup reduced their price target on shares of Huntsman from $30.00 to $25.50 and set a “neutral” rating for the company in a report on Friday, November 2nd. Finally, Nomura reduced their price target on shares of Huntsman from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, October 31st.
Shares of HUN traded down $0.29 during mid-day trading on Friday, reaching $21.24. 2,128,617 shares of the stock traded hands, compared to its average volume of 2,805,102. The firm has a market capitalization of $5.02 billion, a P/E ratio of 8.56, a P/E/G ratio of 0.74 and a beta of 2.31. Huntsman has a 12-month low of $17.58 and a 12-month high of $36.09. The company has a quick ratio of 1.51, a current ratio of 1.88 and a debt-to-equity ratio of 0.57.
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 31st. Shareholders of record on Friday, December 14th were issued a dividend of $0.1625 per share. The ex-dividend date was Thursday, December 13th. This represents a $0.65 annualized dividend and a yield of 3.06%. Huntsman’s payout ratio is presently 26.21%.
In related news, CEO Peter R. Huntsman bought 25,000 shares of the firm’s stock in a transaction on Thursday, November 29th. The stock was purchased at an average price of $19.90 per share, with a total value 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 $98,631,345.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP David M. Stryker bought 1,282 shares of the firm’s stock in a transaction on Wednesday, October 31st. The shares were bought at an average cost of $21.55 per share, with a total value of $27,627.10. Following the transaction, the vice president now directly owns 122,852 shares of the company’s stock, valued at $2,647,460.60. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 50,282 shares of company stock worth $1,004,692. Corporate insiders own 10.90% of the company’s stock.
A number of institutional investors have recently made changes to their positions in HUN. Voya Investment Management LLC boosted its position in Huntsman by 72.9% during the second quarter. Voya Investment Management LLC now owns 4,593,258 shares of the basic materials company’s stock worth $134,123,000 after purchasing an additional 1,936,410 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd boosted its position in Huntsman by 1,032.6% during the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,685,795 shares of the basic materials company’s stock worth $45,904,000 after purchasing an additional 1,536,953 shares during the period. FMR LLC boosted its position in Huntsman by 54.4% during the second quarter. FMR LLC now owns 3,517,861 shares of the basic materials company’s stock worth $102,722,000 after purchasing an additional 1,239,240 shares during the period. Man Group plc boosted its position in Huntsman by 489.9% during the third quarter. Man Group plc now owns 1,162,671 shares of the basic materials company’s stock worth $31,660,000 after purchasing an additional 965,586 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Huntsman by 11.0% during the third quarter. Bank of New York Mellon Corp now owns 8,562,294 shares of the basic materials company’s stock worth $233,151,000 after purchasing an additional 848,431 shares during the period. 77.48% of the stock is owned by hedge funds and other institutional investors.
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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