TD Asset Management Inc. Has $315,000 Position in Huntsman Corp. (HUN)
TD Asset Management Inc. increased its stake in shares of Huntsman Corp. (NYSE:HUN) by 18.8% during the second quarter, Holdings Channel reports. The institutional investor owned 23,400 shares of the company’s stock after buying an additional 3,700 shares during the period. TD Asset Management Inc.’s holdings in Huntsman Corp. were worth $315,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. BlackRock Group LTD boosted its stake in shares of Huntsman Corp. by 32.8% in the first quarter. BlackRock Group LTD now owns 257,136 shares of the company’s stock valued at $3,421,000 after buying an additional 63,485 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of Huntsman Corp. by 34.0% in the first quarter. Prudential Financial Inc. now owns 2,487,105 shares of the company’s stock valued at $33,079,000 after buying an additional 631,500 shares in the last quarter. Teachers Advisors Inc. boosted its stake in shares of Huntsman Corp. by 39.4% in the first quarter. Teachers Advisors Inc. now owns 393,853 shares of the company’s stock valued at $5,238,000 after buying an additional 111,283 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of Huntsman Corp. by 35.9% in the first quarter. TIAA CREF Investment Management LLC now owns 684,436 shares of the company’s stock valued at $9,103,000 after buying an additional 180,705 shares in the last quarter. Finally, Ngam Advisors L.P. bought a new stake in shares of Huntsman Corp. during the first quarter valued at $231,000. Hedge funds and other institutional investors own 67.33% of the company’s stock.
Shares of Huntsman Corp. (NYSE:HUN) traded up 0.90% during mid-day trading on Friday, reaching $14.59. The company’s stock had a trading volume of 4,713,665 shares. The company’s 50-day moving average price is $16.46 and its 200-day moving average price is $14.78. Huntsman Corp. has a 12-month low of $7.46 and a 12-month high of $18.12. The stock has a market capitalization of $3.47 billion, a P/E ratio of 17.41 and a beta of 2.71.
Huntsman Corp. (NYSE:HUN) last announced its earnings results on Wednesday, July 27th. The company reported $0.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.53. The business had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.59 billion. Huntsman Corp. had a return on equity of 26.60% and a net margin of 2.05%. The business’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same period last year, the firm posted $0.63 earnings per share. On average, equities research analysts forecast that Huntsman Corp. will post $1.74 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be given a $0.125 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $0.50 annualized dividend and a yield of 3.43%. Huntsman Corp.’s payout ratio is 59.52%.
Several research analysts have recently commented on HUN shares. Jefferies Group reissued a “buy” rating on shares of Huntsman Corp. in a report on Monday, August 22nd. Zacks Investment Research lowered Huntsman Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, August 24th. Citigroup Inc. boosted their price objective on Huntsman Corp. from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Friday, July 15th. Finally, Nomura reissued a “buy” rating on shares of Huntsman Corp. in a report on Tuesday, July 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $16.89.
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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