Huntsman Co. (NYSE:HUN) insider Jon M. Huntsman sold 100,000 shares of the company’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $24.66, for a total transaction of $2,466,000.00. Following the sale, the insider now directly owns 598,816 shares in the company, valued at approximately $14,766,802.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Huntsman Co. (NYSE:HUN) traded down 1.2502% during midday trading on Friday, hitting $24.0357. 982,232 shares of the stock traded hands. The company’s 50 day moving average price is $23.34 and its 200-day moving average price is $20.23. Huntsman Co. has a 12-month low of $12.40 and a 12-month high of $25.22. The stock has a market cap of $5.73 billion, a price-to-earnings ratio of 17.6344 and a beta of 2.61.
Huntsman (NYSE:HUN) last posted its quarterly earnings data on Wednesday, February 15th. The basic materials company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.05. Huntsman had a return on equity of 25.26% and a net margin of 2.11%. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.25 billion. During the same period in the previous year, the business earned $0.51 EPS. Huntsman’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities research analysts expect that Huntsman Co. will post $1.84 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th were issued a dividend of $0.125 per share. The ex-dividend date was Monday, March 13th. This represents a $0.50 annualized dividend and a yield of 2.05%. Huntsman’s dividend payout ratio is presently 58.82%.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Huntsman from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Tuesday. Jefferies Group LLC upped their price target on shares of Huntsman from $24.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday. Citigroup Inc raised shares of Huntsman from a “neutral” rating to a “buy” rating and upped their price target for the company from $24.54 to $28.00 in a research note on Monday, April 3rd. Finally, Instinet reaffirmed a “positive” rating and set a $26.00 price target (up previously from $25.00) on shares of Huntsman in a research note on Tuesday, March 28th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Huntsman has an average rating of “Buy” and an average price target of $24.83.
A number of large investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA increased its stake in Huntsman by 191.1% in the third quarter. BNP Paribas Arbitrage SA now owns 49,205 shares of the basic materials company’s stock valued at $801,000 after buying an additional 32,301 shares in the last quarter. Creative Planning increased its stake in Huntsman by 24.8% in the third quarter. Creative Planning now owns 10,325 shares of the basic materials company’s stock valued at $168,000 after buying an additional 2,055 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Huntsman by 10.3% in the third quarter. Nisa Investment Advisors LLC now owns 85,860 shares of the basic materials company’s stock valued at $1,397,000 after buying an additional 8,000 shares in the last quarter. First Quadrant L P CA acquired a new stake in Huntsman during the third quarter valued at about $4,951,000. Finally, Bank of Montreal Can increased its stake in Huntsman by 7,580.6% in the third quarter. Bank of Montreal Can now owns 1,527,748 shares of the basic materials company’s stock valued at $24,857,000 after buying an additional 1,507,857 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.
Huntsman 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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