Huntsman (NYSE:HUN) Hits New 1-Year Low – Here’s What Happened

Huntsman Co. (NYSE:HUN) reached a new 52-week low during trading on Wednesday . The company traded as low as $19.11 and last traded at $19.13, with a volume of 203715 shares changing hands. The stock had previously closed at $19.35.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HUN. JPMorgan Chase & Co. reduced their price target on shares of Huntsman from $27.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 7th. Wells Fargo & Company reduced their target price on shares of Huntsman from $26.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, November 6th. UBS Group decreased their target price on shares of Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Finally, Royal Bank of Canada lifted their price target on Huntsman from $21.00 to $24.00 and gave the stock a “sector perform” rating in a research report on Friday, October 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $25.75.

Huntsman Trading Down 0.1 %

The stock has a fifty day moving average of $22.34 and a 200-day moving average of $22.74. The company has a market cap of $3.39 billion, a PE ratio of -28.53 and a beta of 1.02. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.83 and a current ratio of 1.47.

Huntsman (NYSE:HUN) last issued its earnings results on Monday, November 4th. The basic materials company reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. Huntsman had a negative net margin of 1.99% and a negative return on equity of 0.03%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period last year, the company posted $0.15 earnings per share. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. Sell-side analysts anticipate that Huntsman Co. will post 0.09 EPS for the current fiscal year.

Huntsman Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.00 annualized dividend and a dividend yield of 5.10%. Huntsman’s dividend payout ratio is currently -144.93%.

Insider Activity

In other Huntsman news, Director Mary C. Beckerle sold 20,201 shares of the stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Matrix Trust Co purchased a new position in Huntsman during the 3rd quarter worth $25,000. nVerses Capital LLC grew its stake in shares of Huntsman by 1,250.0% during the second quarter. nVerses Capital LLC now owns 2,700 shares of the basic materials company’s stock worth $61,000 after acquiring an additional 2,500 shares during the last quarter. True Wealth Design LLC purchased a new stake in shares of Huntsman during the third quarter worth about $62,000. Innealta Capital LLC purchased a new position in shares of Huntsman in the 2nd quarter valued at approximately $65,000. Finally, Capital Performance Advisors LLP acquired a new stake in Huntsman in the 3rd quarter worth approximately $78,000. Hedge funds and other institutional investors own 84.81% of the company’s stock.

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.