State of Wyoming Buys 80,702 Shares of Huntsman Corporation $HUN

State of Wyoming boosted its stake in shares of Huntsman Corporation (NYSE:HUN) by 404.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 100,631 shares of the basic materials company’s stock after acquiring an additional 80,702 shares during the quarter. State of Wyoming’s holdings in Huntsman were worth $1,006,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Rothschild Wealth LLC acquired a new position in Huntsman during the 4th quarter valued at about $103,000. BNP Paribas Financial Markets lifted its position in Huntsman by 236.2% during the 4th quarter. BNP Paribas Financial Markets now owns 1,182,590 shares of the basic materials company’s stock valued at $11,826,000 after purchasing an additional 830,828 shares during the period. Impact Partnership Wealth LLC acquired a new position in Huntsman during the 4th quarter valued at about $144,000. Norges Bank acquired a new position in Huntsman during the 4th quarter valued at about $1,517,000. Finally, Pzena Investment Management LLC lifted its position in Huntsman by 5.8% during the 4th quarter. Pzena Investment Management LLC now owns 5,705,178 shares of the basic materials company’s stock valued at $57,052,000 after purchasing an additional 311,312 shares during the period. 84.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on HUN shares. Wall Street Zen upgraded shares of Huntsman from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. The Goldman Sachs Group restated a “sell” rating and set a $13.00 target price on shares of Huntsman in a research report on Friday, February 20th. UBS Group upped their target price on shares of Huntsman from $12.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, February 19th. Wells Fargo & Company upped their target price on shares of Huntsman from $12.00 to $14.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $15.00 target price on shares of Huntsman in a research report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Huntsman presently has an average rating of “Reduce” and an average price target of $13.17.

Huntsman Trading Down 1.5%

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

Huntsman (NYSE:HUN) last posted its earnings results on Thursday, April 30th. The basic materials company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.03. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.39 billion. Huntsman had a negative net margin of 5.83% and a negative return on equity of 4.60%. The business’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period last year, the business posted ($0.11) earnings per share. Equities research analysts anticipate that Huntsman Corporation will post -0.25 EPS for the current year.

Huntsman Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Monday, June 15th. Huntsman’s dividend payout ratio (DPR) is presently -18.23%.

Huntsman Company Profile

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.