Shares of Huntsman Corporation (NYSE:HUN – Get Free Report) have been given an average recommendation of “Hold” by the fifteen brokerages that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, ten have given a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $12.8333.
HUN has been the topic of a number of recent research reports. Bank of America increased their target price on Huntsman from $10.00 to $11.00 and gave the stock an “underperform” rating in a research note on Tuesday, June 30th. UBS Group lowered their price target on Huntsman from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday, August 3rd. Mizuho cut their price objective on shares of Huntsman from $14.00 to $13.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 1st. Wells Fargo & Company cut their price objective on shares of Huntsman from $14.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 4th. Finally, Wall Street Zen upgraded shares of Huntsman from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th.
Get Our Latest Research Report on HUN
Huntsman Trading Up 0.2%
Huntsman Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.0875 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.35 annualized dividend and a yield of 3.4%. Huntsman’s dividend payout ratio is -33.65%.
Insider Activity
In other Huntsman news, CEO Peter R. Huntsman acquired 100,000 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were bought at an average cost of $9.81 per share, with a total value of $981,000.00. Following the completion of the transaction, the chief executive officer directly owned 7,256,341 shares of the company’s stock, valued at approximately $71,184,705.21. This represents a 1.40% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.80% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Huntsman
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Versant Capital Management Inc grew its position in Huntsman by 166.7% in the 2nd quarter. Versant Capital Management Inc now owns 2,672 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 1,670 shares during the period. Global Retirement Partners LLC purchased a new position in shares of Huntsman in the 2nd quarter worth $45,000. Allworth Financial LP bought a new stake in shares of Huntsman in the second quarter worth $52,000. Advisory Services Network LLC purchased a new stake in Huntsman during the third quarter valued at $58,000. Finally, Caitong International Asset Management Co. Ltd increased its position in Huntsman by 121.7% during the third quarter. Caitong International Asset Management Co. Ltd now owns 6,751 shares of the basic materials company’s stock valued at $61,000 after acquiring an additional 3,706 shares during the last quarter. Hedge funds and other institutional investors own 84.81% of the company’s stock.
About Huntsman
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.
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