Gamco Investors INC. ET AL Has $3.96 Million Position in Huntsman Co. (NYSE:HUN)

Gamco Investors INC. ET AL grew its stake in Huntsman Co. (NYSE:HUNGet Rating) by 13.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 113,500 shares of the basic materials company’s stock after buying an additional 13,500 shares during the quarter. Gamco Investors INC. ET AL owned 0.05% of Huntsman worth $3,959,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Brandywine Global Investment Management LLC boosted its holdings in shares of Huntsman by 19.1% in the third quarter. Brandywine Global Investment Management LLC now owns 2,114,614 shares of the basic materials company’s stock valued at $62,571,000 after buying an additional 339,407 shares during the period. Pinebridge Investments L.P. acquired a new position in shares of Huntsman in the fourth quarter valued at approximately $119,000. Wilen Investment Management CORP. boosted its holdings in shares of Huntsman by 0.6% in the third quarter. Wilen Investment Management CORP. now owns 260,646 shares of the basic materials company’s stock valued at $7,624,000 after buying an additional 1,500 shares during the period. Scout Investments Inc. boosted its holdings in shares of Huntsman by 44.8% in the fourth quarter. Scout Investments Inc. now owns 1,159,733 shares of the basic materials company’s stock valued at $40,451,000 after buying an additional 358,663 shares during the period. Finally, B. Riley Wealth Management Inc. boosted its holdings in shares of Huntsman by 12.3% in the fourth quarter. B. Riley Wealth Management Inc. now owns 16,325 shares of the basic materials company’s stock valued at $569,000 after buying an additional 1,782 shares during the period. Institutional investors own 84.02% of the company’s stock.

Shares of HUN opened at $35.44 on Tuesday. The firm has a market capitalization of $7.44 billion, a PE ratio of 6.55, a PEG ratio of 0.65 and a beta of 1.13. The company’s 50-day moving average is $35.83 and its 200-day moving average is $35.60. Huntsman Co. has a fifty-two week low of $24.09 and a fifty-two week high of $41.65. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.88 and a quick ratio of 1.23.

Huntsman (NYSE:HUNGet Rating) last issued its quarterly earnings data on Thursday, April 28th. The basic materials company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.19. The company had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.28 billion. Huntsman had a net margin of 13.16% and a return on equity of 21.09%. The company’s revenue was up 30.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.66 earnings per share. Analysts predict that Huntsman Co. will post 4.34 earnings per share for the current fiscal year.

Huntsman declared that its board has approved a stock buyback plan on Monday, March 28th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the basic materials company to repurchase up to 24.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th will be given a $0.2125 dividend. This represents a $0.85 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Tuesday, June 14th. Huntsman’s payout ratio is presently 15.71%.

HUN has been the subject of several recent research reports. StockNews.com cut shares of Huntsman from a “strong-buy” rating to a “buy” rating in a report on Monday. Barclays reduced their target price on shares of Huntsman from $42.00 to $40.00 and set an “equal weight” rating for the company in a report on Monday, March 28th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Huntsman from $46.00 to $40.00 in a report on Monday, May 2nd. KeyCorp cut shares of Huntsman from an “overweight” rating to a “sector weight” rating in a report on Monday, March 21st. Finally, Wells Fargo & Company increased their target price on shares of Huntsman from $45.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, February 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $47.09.

Huntsman Profile (Get Rating)

Huntsman Corporation manufactures and sells differentiated organic chemical products worldwide. The company operates through 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.

Further Reading

Want to see what other hedge funds are holding HUN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntsman Co. (NYSE:HUNGet Rating).

Institutional Ownership by Quarter for Huntsman (NYSE:HUN)

Receive News & Ratings for Huntsman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntsman and related companies with MarketBeat.com's FREE daily email newsletter.