Huntsman (NYSE:HUN) CEO Peter Huntsman Purchases 100,000 Shares of Stock

Huntsman Corporation (NYSE:HUN) CEO Peter Huntsman bought 100,000 shares of the stock in a transaction on Monday, August 3rd. The shares were bought at an average cost of $9.81 per share, with a total value of $981,000.00. Following the purchase, the chief executive officer owned 7,256,341 shares of the company’s stock, valued at $71,184,705.21. This trade represents a 1.40% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Huntsman Trading Up 2.7%

Shares of Huntsman stock traded up $0.26 on Monday, reaching $10.02. The company had a trading volume of 5,145,887 shares, compared to its average volume of 6,107,361. The firm’s 50 day moving average price is $12.66 and its two-hundred day moving average price is $12.81. The firm has a market cap of $1.76 billion, a PE ratio of -9.63 and a beta of 0.70. Huntsman Corporation has a 52-week low of $7.30 and a 52-week high of $16.08. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.75 and a current ratio of 1.27.

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 the consensus estimate of ($0.23) by $0.03. Huntsman had a negative net margin of 3.05% and a negative return on equity of 3.49%. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period in the prior year, the business posted ($0.11) EPS. The business’s revenue for the quarter was up .7% compared to the same quarter last year. Sell-side analysts predict that Huntsman Corporation will post -0.22 earnings per share for the current fiscal year.

Huntsman Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Tuesday, September 15th. Huntsman’s dividend payout ratio is -33.65%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on HUN shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $15.00 price target on shares of Huntsman in a research report on Tuesday, May 19th. Wall Street Zen raised Huntsman from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Royal Bank Of Canada lowered their target price on Huntsman from $11.00 to $10.00 and set a “sector perform” rating for the company in a report on Monday. The Goldman Sachs Group set a $12.00 target price on Huntsman in a research report on Thursday, July 16th. Finally, Bank of America boosted their price target on shares of Huntsman from $10.00 to $11.00 and gave the stock an “underperform” rating in a research note on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Huntsman has an average rating of “Hold” and a consensus price target of $13.08.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in HUN. Versant Capital Management Inc grew its holdings in Huntsman by 166.7% during the 2nd quarter. Versant Capital Management Inc now owns 2,672 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 1,670 shares in the last quarter. Essential Partners LLC raised its holdings in shares of Huntsman by 40.3% in the 1st quarter. Essential Partners LLC now owns 5,766 shares of the basic materials company’s stock valued at $77,000 after purchasing an additional 1,655 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Huntsman during the 3rd quarter worth $58,000. Parkside Financial Bank & Trust lifted its position in shares of Huntsman by 1,005.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 6,514 shares of the basic materials company’s stock worth $65,000 after purchasing an additional 5,925 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of Huntsman by 121.7% during the third quarter. Caitong International Asset Management Co. Ltd now owns 6,751 shares of the basic materials company’s stock worth $61,000 after purchasing an additional 3,706 shares in the last quarter. Hedge funds and other institutional investors own 84.81% of the company’s stock.

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.