Blair William & Co. IL Purchases Shares of 11,729 Huntsman Corporation (HUN)
Blair William & Co. IL purchased a new stake in Huntsman Corporation (NYSE:HUN) during the first quarter, Holdings Channel reports. The institutional investor purchased 11,729 shares of the basic materials company’s stock, valued at approximately $265,000.
A number of other institutional investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. bought a new position in Huntsman Corporation during the fourth quarter valued at $6,821,000. Cadence Capital Management LLC increased its position in Huntsman Corporation by 6.1% in the fourth quarter. Cadence Capital Management LLC now owns 29,950 shares of the basic materials company’s stock valued at $571,000 after buying an additional 1,715 shares during the last quarter. Commerzbank Aktiengesellschaft FI bought a new position in Huntsman Corporation during the fourth quarter valued at $318,000. Comerica Bank increased its position in Huntsman Corporation by 10.6% in the fourth quarter. Comerica Bank now owns 47,684 shares of the basic materials company’s stock valued at $961,000 after buying an additional 4,568 shares during the last quarter. Finally, State Street Corp increased its position in Huntsman Corporation by 1.6% in the fourth quarter. State Street Corp now owns 2,703,962 shares of the basic materials company’s stock valued at $51,588,000 after buying an additional 43,539 shares during the last quarter. 72.62% of the stock is owned by institutional investors.
Shares of Huntsman Corporation (NYSE HUN) opened at 24.01 on Friday. Huntsman Corporation has a 12 month low of $12.40 and a 12 month high of $28.20. The stock has a market cap of $5.76 billion, a P/E ratio of 16.77 and a beta of 2.77. The stock has a 50 day moving average price of $24.83 and a 200-day moving average price of $22.41.
Huntsman Corporation (NYSE:HUN) last posted its quarterly earnings results on Wednesday, April 26th. The basic materials company reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.19. Huntsman Corporation had a net margin of 3.54% and a return on equity of 25.96%. The business had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.43 billion. During the same period in the prior year, the business posted $0.37 earnings per share. Huntsman Corporation’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, analysts forecast that Huntsman Corporation will post $2.20 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend is Tuesday, June 13th. Huntsman Corporation’s dividend payout ratio (DPR) is presently 34.97%.
Several equities analysts have weighed in on HUN shares. Zacks Investment Research raised Huntsman Corporation from a “sell” rating to a “hold” rating in a research report on Friday, February 17th. Instinet reissued a “positive” rating and set a $26.00 price target (up previously from $25.00) on shares of Huntsman Corporation in a research report on Tuesday, March 28th. Citigroup Inc. raised Huntsman Corporation from a “neutral” rating to a “buy” rating and raised their price target for the stock from $24.54 to $28.00 in a research report on Monday, April 3rd. Jefferies Group LLC lifted their price objective on Huntsman Corporation from $24.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, April 19th. Finally, Nomura reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Huntsman Corporation in a research report on Thursday, April 27th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $26.67.
In other Huntsman Corporation news, insider Jon M. Huntsman sold 100,000 shares of the stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $24.66, for a total transaction of $2,466,000.00. Following the transaction, the insider now directly owns 598,816 shares of the company’s stock, valued at $14,766,802.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Sean Douglas bought 2,500 shares of the stock in a transaction on Wednesday, May 31st. The shares were acquired at an average cost of $23.74 per share, for a total transaction of $59,350.00. Following the completion of the transaction, the chief financial officer now directly owns 66,996 shares of the company’s stock, valued at $1,590,485.04. The disclosure for this purchase can be found here. Insiders sold 250,197 shares of company stock worth $6,268,457 over the last ninety days. 19.00% of the stock is currently owned by company insiders.
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.
Want to see what other hedge funds are holding HUN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntsman Corporation (NYSE:HUN).
Receive News & Ratings for Huntsman Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntsman Corporation and related companies with MarketBeat.com's FREE daily email newsletter.