Bowling Portfolio Management LLC increased its position in Huntsman Co. (NYSE:HUN) by 52.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 181,443 shares of the basic materials company’s stock after purchasing an additional 62,254 shares during the quarter. Huntsman makes up 0.8% of Bowling Portfolio Management LLC’s portfolio, making the stock its 19th largest holding. Bowling Portfolio Management LLC owned approximately 0.08% of Huntsman worth $6,040,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Huntsman by 6.9% in the second quarter. Vanguard Group Inc. now owns 23,571,578 shares of the basic materials company’s stock worth $609,090,000 after purchasing an additional 1,528,072 shares during the period. BlackRock Inc. lifted its position in Huntsman by 9.2% in the second quarter. BlackRock Inc. now owns 11,181,244 shares of the basic materials company’s stock worth $288,925,000 after purchasing an additional 939,083 shares during the period. CNH Partners LLC bought a new position in Huntsman in the second quarter worth $173,105,000. Principal Financial Group Inc. lifted its position in Huntsman by 20.4% in the third quarter. Principal Financial Group Inc. now owns 5,792,566 shares of the basic materials company’s stock worth $158,832,000 after purchasing an additional 983,408 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in Huntsman by 1.4% in the third quarter. JPMorgan Chase & Co. now owns 5,466,615 shares of the basic materials company’s stock worth $149,566,000 after purchasing an additional 75,590 shares during the period. 75.78% of the stock is owned by hedge funds and other institutional investors.
In other Huntsman news, CEO Anthony P. Hankins sold 80,000 shares of Huntsman stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $31.88, for a total transaction of $2,550,400.00. Following the completion of the transaction, the chief executive officer now directly owns 442,615 shares of the company’s stock, valued at $14,110,566.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Monte G. Edlund sold 21,493 shares of Huntsman stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $31.99, for a total value of $687,561.07. Following the transaction, the insider now directly owns 75,771 shares of the company’s stock, valued at $2,423,914.29. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,210,738 shares of company stock valued at $561,179,159. Company insiders own 19.00% of the company’s stock.
Shares of Huntsman Co. (NYSE:HUN) traded down $0.04 during midday trading on Monday, hitting $34.74. The company’s stock had a trading volume of 1,610,000 shares, compared to its average volume of 2,850,000. The company has a market capitalization of $8,340.00, a PE ratio of 20.20, a PEG ratio of 1.73 and a beta of 2.84. Huntsman Co. has a 12 month low of $19.57 and a 12 month high of $35.02. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.52 and a current ratio of 1.87.
Huntsman (NYSE:HUN) last issued its quarterly earnings data on Friday, October 27th. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.17. The company had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Huntsman had a return on equity of 30.64% and a net margin of 5.37%. The business’s revenue was up 18.5% on a year-over-year basis. During the same period last year, the business earned $0.38 earnings per share. equities analysts forecast that Huntsman Co. will post 2.74 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were issued a dividend of $0.125 per share. The ex-dividend date was Thursday, December 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.44%. Huntsman’s payout ratio is presently 29.07%.
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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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