State of Wyoming Has $1.01 Million Stock Holdings in Huntsman Corporation $HUN

State of Wyoming grew its holdings in Huntsman Corporation (NYSE:HUN) by 404.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 100,631 shares of the basic materials company’s stock after buying an additional 80,702 shares during the quarter. State of Wyoming owned 0.06% of Huntsman worth $1,006,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Rothschild Wealth LLC acquired a new position in shares of Huntsman in the 4th quarter valued at $103,000. BNP Paribas Financial Markets grew its holdings in shares of Huntsman by 236.2% in the 4th quarter. BNP Paribas Financial Markets now owns 1,182,590 shares of the basic materials company’s stock worth $11,826,000 after purchasing an additional 830,828 shares during the last quarter. Impact Partnership Wealth LLC bought a new stake in shares of Huntsman in the 4th quarter worth about $144,000. Norges Bank bought a new stake in shares of Huntsman in the 4th quarter worth about $1,517,000. Finally, Pzena Investment Management LLC grew its holdings in shares of Huntsman by 5.8% in the 4th quarter. Pzena Investment Management LLC now owns 5,705,178 shares of the basic materials company’s stock worth $57,052,000 after purchasing an additional 311,312 shares during the last quarter. Institutional investors and hedge funds own 84.81% of the company’s stock.

Huntsman Stock Down 1.5%

Shares of NYSE:HUN opened at $14.77 on Thursday. Huntsman Corporation has a 12 month low of $7.30 and a 12 month high of $15.90. The company’s 50-day moving average price is $13.86 and its two-hundred day moving average price is $12.16. The company has a quick ratio of 0.75, a current ratio of 1.27 and a debt-to-equity ratio of 0.58. The firm has a market cap of $2.59 billion, a P/E ratio of -7.69 and a beta of 0.64.

Huntsman (NYSE:HUN) last issued its quarterly earnings data on Thursday, April 30th. The basic materials company reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.03. Huntsman had a negative net margin of 5.83% and a negative return on equity of 4.60%. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the firm earned ($0.11) EPS. The company’s revenue was up .7% on a year-over-year basis. As a group, research analysts forecast that Huntsman Corporation will post -0.25 EPS for the current fiscal year.

Huntsman Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.0875 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.35 dividend on an annualized basis and a yield of 2.4%. Huntsman’s dividend payout ratio is currently -18.23%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HUN. Citigroup upped their target price on shares of Huntsman from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Wells Fargo & Company upped their target price on shares of Huntsman from $12.00 to $14.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 5th. Royal Bank Of Canada upped their target price on shares of Huntsman from $14.00 to $15.00 and gave the stock a “sector perform” rating in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $15.00 target price on shares of Huntsman in a report on Tuesday, May 19th. Finally, UBS Group upped their target price on shares of Huntsman from $12.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $13.17.

About Huntsman

Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.

The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.