Natixis Advisors L.P. reduced its position in Huntsman Co. (NYSE:HUN) by 7.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,350 shares of the basic materials company’s stock after selling 4,939 shares during the quarter. Natixis Advisors L.P.’s holdings in Huntsman were worth $1,213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. CIBC Private Wealth Group LLC boosted its position in shares of Huntsman by 3.6% in the first quarter. CIBC Private Wealth Group LLC now owns 22,641 shares of the basic materials company’s stock worth $509,000 after purchasing an additional 784 shares during the period. FinTrust Capital Advisors LLC boosted its position in shares of Huntsman by 130.2% during the first quarter. FinTrust Capital Advisors LLC now owns 2,021 shares of the basic materials company’s stock worth $45,000 after acquiring an additional 1,143 shares during the last quarter. Foundry Partners LLC boosted its position in shares of Huntsman by 0.4% during the second quarter. Foundry Partners LLC now owns 296,345 shares of the basic materials company’s stock worth $6,057,000 after acquiring an additional 1,150 shares during the last quarter. M&T Bank Corp boosted its position in shares of Huntsman by 9.8% during the second quarter. M&T Bank Corp now owns 12,902 shares of the basic materials company’s stock worth $263,000 after acquiring an additional 1,156 shares during the last quarter. Finally, Icon Wealth Partners LLC bought a new position in shares of Huntsman during the first quarter worth $28,000. Institutional investors and hedge funds own 74.59% of the company’s stock.
A number of equities analysts recently weighed in on the stock. UBS Group set a $26.00 target price on shares of Huntsman and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Nomura restated a “buy” rating and set a $26.00 target price on shares of Huntsman in a research report on Sunday, August 11th. KeyCorp dropped their target price on shares of Huntsman from $28.00 to $27.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. Citigroup set a $21.00 target price on shares of Huntsman and gave the stock a “hold” rating in a research report on Monday, July 15th. Finally, Jefferies Financial Group dropped their target price on shares of Huntsman from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, June 17th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $27.36.
Huntsman stock traded down $0.64 during mid-day trading on Tuesday, reaching $22.66. 75,206 shares of the company’s stock traded hands, compared to its average volume of 2,227,692. The company has a market cap of $5.22 billion, a price-to-earnings ratio of 6.75, a PEG ratio of 1.20 and a beta of 2.30. The stock has a 50 day moving average of $20.18 and a two-hundred day moving average of $21.09. The company has a quick ratio of 1.16, a current ratio of 1.83 and a debt-to-equity ratio of 0.96. Huntsman Co. has a 12-month low of $17.33 and a 12-month high of $29.60.
Huntsman (NYSE:HUN) last released its quarterly earnings results on Tuesday, July 30th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.02). The business had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.28 billion. Huntsman had a negative net margin of 1.37% and a positive return on equity of 18.68%. Huntsman’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.01 EPS. As a group, sell-side analysts forecast that Huntsman Co. will post 2.3 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a $0.1625 dividend. This represents a $0.65 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend is Thursday, September 12th. Huntsman’s dividend payout ratio is currently 19.46%.
Huntsman Corporation 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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