Huntsman Co. (NYSE:HUN) Director Sells $432,705.42 in Stock

Huntsman Co. (NYSE:HUN) Director Mary C. Beckerle sold 20,201 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $21.42, for a total transaction of $432,705.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Huntsman Stock Down 4.0 %

Shares of Huntsman stock opened at $20.29 on Friday. The firm’s 50-day moving average price is $22.67 and its two-hundred day moving average price is $23.00. The company has a current ratio of 1.47, a quick ratio of 0.77 and a debt-to-equity ratio of 0.45. Huntsman Co. has a 12-month low of $19.90 and a 12-month high of $27.01.

Huntsman (NYSE:HUN) last issued its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.10 earnings per share for the quarter, meeting the consensus estimate of $0.10. Huntsman had a negative return on equity of 0.03% and a negative net margin of 1.99%. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter in the prior year, the firm posted $0.15 earnings per share. The business’s quarterly revenue was up 2.3% on a year-over-year basis. As a group, sell-side analysts predict that Huntsman Co. will post 0.19 earnings per share for the current year.

Huntsman Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.00 dividend on an annualized basis and a yield of 4.93%. Huntsman’s payout ratio is -144.93%.

Institutional Trading of Huntsman

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. 1832 Asset Management L.P. increased its position in shares of Huntsman by 753.2% during the first quarter. 1832 Asset Management L.P. now owns 2,867,920 shares of the basic materials company’s stock valued at $74,652,000 after acquiring an additional 2,531,800 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Huntsman by 383.0% in the second quarter. AQR Capital Management LLC now owns 1,417,641 shares of the basic materials company’s stock worth $32,138,000 after purchasing an additional 1,124,113 shares during the last quarter. Pzena Investment Management LLC bought a new position in shares of Huntsman during the third quarter valued at $27,045,000. Victory Capital Management Inc. boosted its position in shares of Huntsman by 52.4% during the second quarter. Victory Capital Management Inc. now owns 2,358,390 shares of the basic materials company’s stock valued at $53,701,000 after buying an additional 811,099 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in Huntsman in the 1st quarter worth about $10,523,000. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. UBS Group decreased their target price on Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday. Wells Fargo & Company cut their target price on shares of Huntsman from $26.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. decreased their price target on shares of Huntsman from $27.00 to $25.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 7th. Finally, Royal Bank of Canada boosted their price objective on Huntsman from $21.00 to $24.00 and gave the stock a “sector perform” rating in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $25.75.

About Huntsman

Huntsman Corporation manufactures and sells diversified organic chemical products worldwide. The company operates in three segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyether and polyester polyols, and thermoplastic polyurethane; and aniline, benzene, nitrobenzene and other co-products.