Insider Buying: Huntsman (NYSE:HUN) CEO Buys $981,000.00 in Stock

Huntsman Corporation (NYSE:HUN – Get Free Report) CEO Peter Huntsman purchased 100,000 shares of Huntsman stock in a transaction that occurred on Monday, August 3rd. The stock was acquired at an average cost of $9.81 per share, with a total value of $981,000.00. Following the acquisition, the chief executive officer directly owned 7,256,341 shares of the company’s stock, valued at $71,184,705.21. The trade was a 1.40% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

Huntsman Price Performance

HUN stock opened at $10.14 on Thursday. The stock’s 50 day moving average is $12.39 and its two-hundred day moving average is $12.78. Huntsman Corporation has a 52-week low of $7.30 and a 52-week high of $16.08. The company has a market capitalization of $1.78 billion, a PE ratio of -9.75 and a beta of 0.70. The company has a quick ratio of 0.75, a current ratio of 1.33 and a debt-to-equity ratio of 0.59.

Get Huntsman alerts:

Huntsman Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.0875 dividend. This represents a $0.35 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Tuesday, September 15th. Huntsman’s payout ratio is -33.65%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Mizuho decreased their price objective on shares of Huntsman from $14.00 to $13.00 and set a “neutral” rating for the company in a report on Wednesday, July 1st. Morgan Stanley upped their target price on shares of Huntsman from $11.00 to $15.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Bank of America increased their price target on shares of Huntsman from $10.00 to $11.00 and gave the stock an “underperform” rating in a research report on Tuesday, June 30th. Wells Fargo & Company lowered their price objective on Huntsman from $14.00 to $11.00 and set an “equal weight” rating for the company in a report on Tuesday. Finally, The Goldman Sachs Group set a $12.00 price objective on Huntsman in a research note on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $12.83.

Get Our Latest Analysis on HUN

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of HUN. NewEdge Advisors LLC raised its stake in Huntsman by 20.8% during the first quarter. NewEdge Advisors LLC now owns 56,481 shares of the basic materials company’s stock worth $892,000 after acquiring an additional 9,720 shares during the period. Goldman Sachs Group Inc. boosted its stake in Huntsman by 97.0% in the first quarter. Goldman Sachs Group Inc. now owns 2,137,285 shares of the basic materials company’s stock valued at $33,748,000 after acquiring an additional 1,052,127 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Huntsman by 0.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 599,296 shares of the basic materials company’s stock valued at $9,463,000 after purchasing an additional 1,581 shares during the last quarter. Focus Partners Wealth bought a new position in shares of Huntsman during the first quarter valued at approximately $680,000. Finally, Prudential Financial Inc. raised its position in shares of Huntsman by 34.5% during the 2nd quarter. Prudential Financial Inc. now owns 14,250 shares of the basic materials company’s stock worth $148,000 after purchasing an additional 3,655 shares during the period. 84.81% of the stock is owned by institutional investors and hedge funds.

Huntsman Company Profile

(Get Free Report)

Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.

The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.

Featured Articles

• Five stocks we like better than Huntsman
• SpaceX: Love the Company, But the Stock Is a Harder Call
• Ulta’s Growth Is Real, But So Are the Risks
• BWX Technologies Is Turning the AI Power Problem Into a Nuclear Growth Story
• Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth

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.