Vanguard Group Inc. increased its position in shares of Huntsman Corp. (NYSE:HUN) by 3.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,728,178 shares of the company’s stock after buying an additional 487,666 shares during the period. Vanguard Group Inc. owned approximately 6.60% of Huntsman Corp. worth $211,544,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Creative Planning raised its stake in shares of Huntsman Corp. by 2.5% in the second quarter. Creative Planning now owns 8,270 shares of the company’s stock worth $111,000 after buying an additional 200 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in shares of Huntsman Corp. during the first quarter worth approximately $137,000. Loomis Sayles & Co. L P acquired a new stake in shares of Huntsman Corp. during the first quarter worth approximately $148,000. Traynor Capital Management Inc. acquired a new stake in shares of Huntsman Corp. during the second quarter worth approximately $168,000. Finally, Synovus Financial Corp raised its stake in shares of Huntsman Corp. by 0.4% in the second quarter. Synovus Financial Corp now owns 12,693 shares of the company’s stock worth $174,000 after buying an additional 52 shares during the last quarter. 67.25% of the stock is owned by hedge funds and other institutional investors.
Huntsman Corp. (NYSE:HUN) opened at 15.88 on Friday. The company has a market capitalization of $3.78 billion, a P/E ratio of 18.95 and a beta of 2.65. Huntsman Corp. has a one year low of $7.46 and a one year high of $18.12. The stock’s 50 day moving average price is $16.08 and its 200 day moving average price is $15.29.
Huntsman Corp. (NYSE:HUN) last released its earnings results on Wednesday, July 27th. The company reported $0.53 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.53. The firm had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.59 billion. Huntsman Corp. had a return on equity of 26.60% and a net margin of 2.05%. The company’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS. Equities analysts anticipate that Huntsman Corp. will post $1.68 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.15%. The ex-dividend date was Tuesday, September 13th. Huntsman Corp.’s dividend payout ratio is currently 59.52%.
A number of brokerages recently commented on HUN. Jefferies Group reaffirmed a “buy” rating on shares of Huntsman Corp. in a research note on Thursday, August 4th. Citigroup Inc. raised their price target on Huntsman Corp. from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Friday, July 15th. Zacks Investment Research upgraded Huntsman Corp. from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Friday, July 1st. Finally, Nomura decreased their price objective on Huntsman Corp. from $20.00 to $19.00 and set a “buy” rating for the company in a report on Tuesday, September 20th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $16.43.
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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