Huntsman Co. (NYSE:HUN) CEO Anthony P. Hankins sold 100,000 shares of the company’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $33.24, for a total value of $3,324,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Huntsman Co. (HUN) opened at $34.35 on Friday. The stock has a market capitalization of $8,240.00, a PE ratio of 19.97, a PEG ratio of 1.72 and a beta of 2.84. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.87 and a quick ratio of 1.52. Huntsman Co. has a 52 week low of $19.05 and a 52 week high of $34.80.
Huntsman (NYSE:HUN) last announced its quarterly earnings data on Friday, October 27th. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.17. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.99 billion. Huntsman had a return on equity of 30.64% and a net margin of 5.37%. The firm’s revenue was up 18.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.38 EPS. sell-side analysts predict that Huntsman Co. will post 2.74 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of HUN. Mckinley Capital Management LLC Delaware acquired a new position in Huntsman during the 2nd quarter worth approximately $106,000. Harvest Fund Management Co. Ltd acquired a new position in Huntsman during the 2nd quarter worth approximately $109,000. Assetmark Inc. raised its stake in Huntsman by 1,658.4% during the 3rd quarter. Assetmark Inc. now owns 3,974 shares of the basic materials company’s stock worth $109,000 after buying an additional 3,748 shares during the period. Bronfman E.L. Rothschild L.P. raised its stake in Huntsman by 0.4% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,385 shares of the basic materials company’s stock worth $139,000 after buying an additional 24 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in Huntsman by 9.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,281 shares of the basic materials company’s stock worth $188,000 after buying an additional 610 shares during the period. 75.45% of the stock is currently owned by institutional investors and hedge funds.
HUN has been the topic of a number of analyst reports. Alembic Global Advisors reiterated a “buy” rating on shares of Huntsman in a research report on Monday, November 6th. UBS Group upped their price target on Huntsman from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, October 30th. Nomura upped their price target on Huntsman to $40.00 and gave the company a “buy” rating in a research report on Monday, October 30th. SunTrust Banks reiterated a “buy” rating and issued a $32.00 price target on shares of Huntsman in a research report on Friday, October 27th. They noted that the move was a valuation call. Finally, KeyCorp reissued a “buy” rating and issued a $34.00 price objective on shares of Huntsman in a research note on Tuesday, October 17th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $33.00.
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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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