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 shares were sold at an average price of $30.76, for a total value of $138,635.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Huntsman Corporation (NYSE:HUN) opened at $30.69 on Tuesday. The stock has a market capitalization of $7,454.65, a P/E ratio of 13.00, a price-to-earnings-growth ratio of 1.49 and a beta of 2.87. The company has a quick ratio of 1.52, a current ratio of 1.87 and a debt-to-equity ratio of 1.10. Huntsman Corporation has a fifty-two week low of $18.18 and a fifty-two week high of $32.59.
Huntsman Corporation (NYSE:HUN) last announced its quarterly earnings data on Friday, October 27th. The basic materials company reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.17. Huntsman Corporation had a return on equity of 30.64% and a net margin of 5.37%. 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 earned $0.38 EPS. Huntsman Corporation’s revenue for the quarter was up 18.5% compared to the same quarter last year. equities research analysts forecast that Huntsman Corporation will post 2.61 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Thursday, December 14th. Huntsman Corporation’s payout ratio is presently 23.47%.
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Large investors have recently made changes to their positions in the company. DSAM Partners London Ltd acquired a new stake in shares of Huntsman Corporation during the 2nd quarter worth approximately $2,128,000. Chicago Equity Partners LLC grew its holdings in shares of Huntsman Corporation by 1,462.7% during the 2nd quarter. Chicago Equity Partners LLC now owns 443,035 shares of the basic materials company’s stock worth $11,448,000 after purchasing an additional 414,685 shares in the last quarter. CIBC World Markets Inc. grew its holdings in shares of Huntsman Corporation by 133.4% during the 2nd quarter. CIBC World Markets Inc. now owns 708,530 shares of the basic materials company’s stock worth $18,308,000 after purchasing an additional 404,905 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Huntsman Corporation by 58.6% during the 2nd quarter. Royal Bank of Canada now owns 398,112 shares of the basic materials company’s stock worth $10,287,000 after purchasing an additional 147,090 shares in the last quarter. Finally, New York State Teachers Retirement System grew its holdings in shares of Huntsman Corporation by 0.6% during the 1st quarter. New York State Teachers Retirement System now owns 17,600 shares of the basic materials company’s stock worth $432,000 after purchasing an additional 100 shares in the last quarter. 74.47% of the stock is currently owned by institutional investors.
HUN has been the topic of a number of recent analyst reports. Instinet reissued a “buy” rating and issued a $34.00 price objective (up from $30.00) on shares of Huntsman Corporation in a research note on Wednesday, September 20th. Nomura raised their price objective on Huntsman Corporation from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, September 19th. UBS AG raised their price objective on Huntsman Corporation from $31.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, September 19th. KeyCorp reissued a “buy” rating and issued a $34.00 price objective on shares of Huntsman Corporation in a research note on Friday, September 1st. Finally, Alembic Global Advisors set a $28.00 price objective on Huntsman Corporation and gave the company a “buy” rating in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Huntsman Corporation presently has a consensus rating of “Buy” and an average target price of $31.55.
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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