Huntsman (HUN) Shares Gap Down to $19.89

Share on StockTwits

Huntsman Co. (NYSE:HUN)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $20.32, but opened at $19.89. Huntsman shares last traded at $18.96, with a volume of 3373762 shares.

A number of equities analysts have commented on HUN shares. Zacks Investment Research downgraded shares of Huntsman from a “hold” rating to a “sell” rating in a report on Monday, February 4th. Goldman Sachs Group upgraded shares of Huntsman from a “neutral” rating to a “buy” rating and set a $31.00 target price for the company in a report on Thursday, May 9th. JPMorgan Chase & Co. downgraded shares of Huntsman from an “overweight” rating to a “neutral” rating and set a $24.00 target price for the company. in a report on Wednesday, February 13th. Barclays set a $21.00 target price on shares of Huntsman and gave the stock a “sell” rating in a report on Tuesday, March 19th. Finally, ValuEngine upgraded shares of Huntsman from a “strong sell” rating to a “sell” rating in a report on Friday, March 1st. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. Huntsman presently has an average rating of “Hold” and an average target price of $30.05.

The firm has a market capitalization of $4.38 billion, a P/E ratio of 5.63, a PEG ratio of 0.85 and a beta of 2.20. The company has a current ratio of 1.83, a quick ratio of 1.11 and a debt-to-equity ratio of 0.96.

Huntsman (NYSE:HUN) last announced its earnings results on Tuesday, April 30th. The basic materials company reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.05. Huntsman had a net margin of 2.00% and a return on equity of 19.90%. The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the previous year, the company posted $0.96 earnings per share. The firm’s revenue was down 11.4% on a year-over-year basis. Equities analysts expect that Huntsman Co. will post 2.76 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.1625 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.65 annualized dividend and a dividend yield of 3.46%. Huntsman’s dividend payout ratio (DPR) is currently 19.46%.

In related news, insider Scott J. Wright acquired 4,950 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were purchased at an average price of $20.22 per share, for a total transaction of $100,089.00. Following the completion of the acquisition, the insider now directly owns 33,922 shares in the company, valued at approximately $685,902.84. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 5.60% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of HUN. Coastal Investment Advisors Inc. acquired a new position in Huntsman in the 1st quarter worth approximately $28,000. Icon Wealth Partners LLC acquired a new position in Huntsman in the 1st quarter worth approximately $28,000. Lindbrook Capital LLC acquired a new position in Huntsman in the 4th quarter worth approximately $26,000. Oppenheimer Asset Management Inc. acquired a new position in Huntsman in the 4th quarter worth approximately $27,000. Finally, FinTrust Capital Advisors LLC increased its holdings in Huntsman by 130.2% in the 1st quarter. FinTrust Capital Advisors LLC now owns 2,021 shares of the basic materials company’s stock worth $45,000 after buying an additional 1,143 shares during the period. Hedge funds and other institutional investors own 76.56% of the company’s stock.

WARNING: “Huntsman (HUN) Shares Gap Down to $19.89” was first reported by Week Herald and is the sole property of of Week Herald. If you are accessing this article on another website, it was copied illegally and reposted in violation of international copyright legislation. The original version of this article can be read at https://weekherald.com/2019/05/25/huntsman-hun-shares-gap-down-to-19-89.html.

Huntsman Company Profile (NYSE:HUN)

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

Recommended Story: How can you know how many shares are floating?

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.