According to Zacks, “Huntsman Corporation is among the world’s largest global manufacturers of differentiated and commodity chemical products for a variety of industrial and consumer applications. “
A number of other research analysts have also recently issued reports on HUN. Nomura reiterated a buy rating on shares of Huntsman Corp. in a report on Tuesday, July 12th. Citigroup Inc. lifted their price objective on shares of Huntsman Corp. from $16.00 to $17.00 and gave the company a neutral rating in a report on Friday, July 15th. Finally, Jefferies Group reiterated a buy rating on shares of Huntsman Corp. in a report on Thursday, August 4th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $16.43.
Huntsman Corp. (NYSE:HUN) opened at 16.24 on Wednesday. Huntsman Corp. has a 52 week low of $7.46 and a 52 week high of $18.12. The company has a 50-day moving average of $16.25 and a 200-day moving average of $15.12. The firm has a market cap of $3.87 billion, a price-to-earnings ratio of 19.38 and a beta of 2.65.
Huntsman Corp. (NYSE:HUN) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.53 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.53. The firm earned $2.54 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Huntsman Corp. had a net margin of 2.05% and a return on equity of 26.60%. The business’s revenue was down 7.2% on a year-over-year basis. During the same period last year, the company earned $0.63 earnings per share. Equities research analysts forecast that Huntsman Corp. will post $1.68 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 3.08%. The ex-dividend date was Tuesday, September 13th. Huntsman Corp.’s dividend payout ratio is 59.52%.
A number of hedge funds have recently made changes to their positions in HUN. Vanguard Group Inc. raised its stake in shares of Huntsman Corp. by 3.2% in the second quarter. Vanguard Group Inc. now owns 15,728,178 shares of the company’s stock valued at $211,544,000 after buying an additional 487,666 shares in the last quarter. Scopia Capital Management LP raised its stake in shares of Huntsman Corp. by 39.7% in the first quarter. Scopia Capital Management LP now owns 14,807,467 shares of the company’s stock valued at $196,939,000 after buying an additional 4,210,142 shares in the last quarter. LSV Asset Management raised its stake in shares of Huntsman Corp. by 5.9% in the second quarter. LSV Asset Management now owns 9,925,708 shares of the company’s stock valued at $133,500,000 after buying an additional 548,633 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Huntsman Corp. by 21.4% in the second quarter. Dimensional Fund Advisors LP now owns 5,664,012 shares of the company’s stock valued at $76,183,000 after buying an additional 996,648 shares in the last quarter. Finally, BlackRock Fund Advisors raised its stake in shares of Huntsman Corp. by 7.2% in the second quarter. BlackRock Fund Advisors now owns 5,660,286 shares of the company’s stock valued at $76,131,000 after buying an additional 381,874 shares in the last quarter. 67.25% of the stock is currently owned by institutional investors and hedge funds.
About Huntsman Corp.
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). It operates in five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
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