1st Global Advisors Inc. Has $603,000 Holdings in Huntsman Corporation (HUN)
1st Global Advisors Inc. reduced its stake in Huntsman Corporation (NYSE:HUN) by 0.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,353 shares of the basic materials company’s stock after selling 33 shares during the quarter. 1st Global Advisors Inc.’s holdings in Huntsman Corporation were worth $603,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in HUN. BlackRock Inc. grew its stake in shares of Huntsman Corporation by 12,556.8% in the 1st quarter. BlackRock Inc. now owns 10,242,161 shares of the basic materials company’s stock valued at $251,343,000 after purchasing an additional 10,161,239 shares during the last quarter. CNH Partners LLC acquired a new stake in shares of Huntsman Corporation in the 2nd quarter valued at approximately $173,105,000. Farallon Capital Management LLC acquired a new stake in shares of Huntsman Corporation in the 2nd quarter valued at approximately $140,053,000. Vanguard Group Inc. lifted its holdings in shares of Huntsman Corporation by 18.9% in the 1st quarter. Vanguard Group Inc. now owns 22,043,506 shares of the basic materials company’s stock valued at $540,948,000 after buying an additional 3,497,649 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Huntsman Corporation by 119.2% in the 2nd quarter. Principal Financial Group Inc. now owns 4,809,158 shares of the basic materials company’s stock valued at $124,269,000 after buying an additional 2,615,454 shares during the period. Institutional investors own 75.11% of the company’s stock.
Shares of Huntsman Corporation (NYSE:HUN) traded down 1.36% during trading on Monday, reaching $28.92. The company had a trading volume of 1,608,321 shares. The stock has a market capitalization of $6.94 billion, a PE ratio of 16.39 and a beta of 2.79. Huntsman Corporation has a 12 month low of $15.62 and a 12 month high of $29.43. The stock’s 50-day moving average price is $27.42 and its 200-day moving average price is $25.85.
Huntsman Corporation (NYSE:HUN) last issued its quarterly earnings data on Thursday, July 27th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.18. Huntsman Corporation had a return on equity of 30.04% and a net margin of 4.33%. The business had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.64 billion. During the same period in the prior year, the company posted $0.53 EPS. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. Equities analysts forecast that Huntsman Corporation will post $2.33 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date was Thursday, September 14th. Huntsman Corporation’s dividend payout ratio (DPR) is 28.41%.
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Several analysts have recently commented on the company. Zacks Investment Research raised Huntsman Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 31st. BidaskClub cut Huntsman Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Jefferies Group LLC reissued a “buy” rating and issued a $31.00 price target on shares of Huntsman Corporation in a report on Tuesday, July 25th. Wells Fargo & Company raised Huntsman Corporation from a “market perform” rating to an “outperform” rating and raised their price target for the company from $30.00 to $32.00 in a report on Thursday, September 28th. Finally, Instinet reissued a “buy” rating and issued a $30.00 price target on shares of Huntsman Corporation in a report on Sunday, July 9th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $30.60.
Huntsman Corporation Profile
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). The Company operates through five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
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