Huntsman Corporation (NYSE:HUN) Director Mary C. Beckerle sold 4,507 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $30.76, for a total transaction of $138,635.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Huntsman Corporation (HUN) opened at $30.11 on Wednesday. Huntsman Corporation has a 52-week low of $18.18 and a 52-week high of $32.59. The company has a market cap of $7,365.85, a P/E ratio of 12.84, a PEG ratio of 1.47 and a beta of 2.87. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.87 and a quick ratio of 1.52.
Huntsman Corporation (NYSE:HUN) last released its quarterly earnings results on Friday, October 27th. The basic materials company reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.17. Huntsman Corporation had a net margin of 5.37% and a return on equity of 30.64%. The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same quarter last year, the firm posted $0.38 earnings per share. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. sell-side analysts forecast that Huntsman Corporation will post 2.61 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Thursday, December 14th. Huntsman Corporation’s dividend payout ratio is 23.47%.
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Several analysts recently commented on HUN shares. KeyCorp upgraded shares of Huntsman Corporation from a “sector weight” rating to an “overweight” rating and set a $34.00 price target for the company in a report on Monday, July 24th. cut shares of Huntsman Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Jefferies Group LLC restated a “buy” rating and set a $31.00 price target on shares of Huntsman Corporation in a report on Tuesday, July 25th. set a $28.00 price target on shares of Huntsman Corporation and gave the stock a “buy” rating in a report on Thursday, July 27th. Finally, upgraded shares of Huntsman Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $31.55.
A number of hedge funds have recently made changes to their positions in HUN. SG Americas Securities LLC bought a new position in Huntsman Corporation during the first quarter worth $122,000. Wellington Management Group LLP bought a new position in Huntsman Corporation during the first quarter worth $1,308,000. FMR LLC increased its position in Huntsman Corporation by 10.8% during the first quarter. FMR LLC now owns 989,652 shares of the basic materials company’s stock worth $24,286,000 after acquiring an additional 96,781 shares during the period. New York State Teachers Retirement System increased its position in Huntsman Corporation by 0.6% during the first quarter. New York State Teachers Retirement System now owns 17,600 shares of the basic materials company’s stock worth $432,000 after acquiring an additional 100 shares during the period. Finally, State Street Corp increased its position in Huntsman Corporation by 2.1% during the first quarter. State Street Corp now owns 2,759,845 shares of the basic materials company’s stock worth $67,733,000 after acquiring an additional 55,883 shares during the period. 74.47% of the stock is currently owned by institutional investors and hedge funds.
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.
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