Fmr LLC grew its position in shares of Huntsman Co. (NYSE:HUN) by 18.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,415,407 shares of the basic materials company’s stock after buying an additional 369,514 shares during the quarter. Fmr LLC’s holdings in Huntsman were worth $46,593,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lindbrook Capital LLC bought a new position in Huntsman in the 4th quarter worth $26,000. Oppenheimer Asset Management Inc. bought a new position in Huntsman in the 4th quarter worth $27,000. IFP Advisors Inc raised its holdings in Huntsman by 30.5% in the 4th quarter. IFP Advisors Inc now owns 2,069 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 484 shares during the period. First Interstate Bank raised its holdings in Huntsman by 215.6% in the 4th quarter. First Interstate Bank now owns 2,200 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 1,503 shares during the period. Finally, Huntington National Bank bought a new position in Huntsman in the 4th quarter worth $47,000. 76.59% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently commented on the company. KeyCorp decreased their target price on Huntsman from $30.00 to $29.00 and set an “overweight” rating on the stock in a report on Wednesday, April 10th. ValuEngine raised Huntsman from a “strong sell” rating to a “sell” rating in a report on Monday, April 1st. Barclays set a $21.00 price target on Huntsman and gave the stock a “sell” rating in a research note on Tuesday, March 19th. Royal Bank of Canada cut their price target on Huntsman from $28.00 to $27.00 and set an “outperform” rating for the company in a research note on Tuesday, March 19th. Finally, JPMorgan Chase & Co. lowered Huntsman from an “overweight” rating to a “neutral” rating and set a $24.00 price target for the company. in a research note on Wednesday, February 13th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. Huntsman has a consensus rating of “Hold” and a consensus price target of $30.86.
Huntsman (NYSE:HUN) last issued its quarterly earnings results on Tuesday, February 12th. The basic materials company reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.03). The business had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.15 billion. Huntsman had a return on equity of 22.21% and a net margin of 3.59%. The company’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.76 EPS. Analysts expect that Huntsman Co. will post 2.81 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a dividend of $0.1625 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 2.62%. Huntsman’s payout ratio is 19.46%.
Huntsman Corporation 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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