Huntsman (HUN) Shares Gap Down to $19.89

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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.

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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.

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