Huntsman (HUN) Shares Gap Down to $23.15

Huntsman Co. (NYSE:HUN)’s share price gapped down before the market opened on Friday . The stock had previously closed at $23.67, but opened at $23.15. Huntsman shares last traded at $22.19, with a volume of 3023335 shares.

A number of equities analysts have weighed in on the company. Citigroup reduced their price target on Huntsman from $30.00 to $25.50 and set a “neutral” rating for the company in a research report on Friday, November 2nd. Barclays reduced their price target on Huntsman from $29.00 to $22.00 and set an “underweight” rating for the company in a research report on Thursday, November 1st. Zacks Investment Research downgraded Huntsman from a “buy” rating to a “hold” rating in a research report on Wednesday, October 24th. Nomura reduced their price target on Huntsman from $30.00 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, October 31st. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $38.00 price target on shares of Huntsman in a research report on Wednesday, August 1st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $34.58.

The company has a market capitalization of $5.64 billion, a PE ratio of 8.95, a P/E/G ratio of 0.81 and a beta of 2.67. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.88 and a quick ratio of 1.51.

Huntsman (NYSE:HUN) last announced its quarterly earnings data on Tuesday, October 30th. The basic materials company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.02. Huntsman had a return on equity of 22.96% and a net margin of 9.88%. The company had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the prior year, the business posted $0.67 EPS. The business’s revenue was up 12.7% compared to the same quarter last year. On average, equities analysts expect that Huntsman Co. will post 3.42 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be paid a $0.1625 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date is Thursday, December 13th. Huntsman’s dividend payout ratio (DPR) is presently 26.21%.

In other Huntsman news, CFO Sean Douglas purchased 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 31st. The shares were acquired at an average price of $21.47 per share, for a total transaction of $161,025.00. Following the purchase, the chief financial officer now owns 77,595 shares in the company, valued at $1,665,964.65. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP David M. Stryker purchased 2,000 shares of the company’s stock in a transaction that occurred on Monday, November 5th. The stock was acquired at an average price of $22.92 per share, for a total transaction of $45,840.00. Following the purchase, the vice president now owns 123,752 shares in the company, valued at approximately $2,836,395.84. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 10,782 shares of company stock worth $234,492. 19.00% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Northpointe Capital LLC increased its position in Huntsman by 2.0% during the 2nd quarter. Northpointe Capital LLC now owns 109,733 shares of the basic materials company’s stock worth $3,204,000 after buying an additional 2,152 shares during the period. Point72 Hong Kong Ltd increased its position in Huntsman by 46.5% during the 2nd quarter. Point72 Hong Kong Ltd now owns 7,038 shares of the basic materials company’s stock worth $206,000 after buying an additional 2,235 shares during the period. United Services Automobile Association increased its position in Huntsman by 0.9% during the 2nd quarter. United Services Automobile Association now owns 262,338 shares of the basic materials company’s stock worth $7,660,000 after buying an additional 2,417 shares during the period. Public Employees Retirement System of Ohio increased its position in Huntsman by 1.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 180,700 shares of the basic materials company’s stock worth $5,276,000 after buying an additional 2,612 shares during the period. Finally, Keybank National Association OH increased its position in Huntsman by 9.7% during the 2nd quarter. Keybank National Association OH now owns 29,753 shares of the basic materials company’s stock worth $869,000 after buying an additional 2,639 shares during the period. Institutional investors and hedge funds own 77.53% of the company’s stock.

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Huntsman Company Profile (NYSE:HUN)

Huntsman Corporation, through its subsidiary, Huntsman International LLC, manufactures and sells differentiated organic chemical products worldwide. The company operates in four segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyols, thermoplastic polyurethane, propylene oxide, and methyl tertiary-butyl ether products.

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