Franklin Resources Inc. decreased its position in Huntsman Co. (NYSE:HUN – Get Rating) by 5.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,286,903 shares of the basic materials company’s stock after selling 204,672 shares during the period. Franklin Resources Inc. owned approximately 1.63% of Huntsman worth $93,184,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of HUN. Steward Partners Investment Advisory LLC lifted its holdings in Huntsman by 729.9% in the first quarter. Steward Partners Investment Advisory LLC now owns 4,548 shares of the basic materials company’s stock valued at $171,000 after buying an additional 4,000 shares during the period. Victory Capital Management Inc. increased its stake in Huntsman by 703.3% in the first quarter. Victory Capital Management Inc. now owns 262,619 shares of the basic materials company’s stock valued at $8,895,000 after purchasing an additional 229,926 shares in the last quarter. Stephens Inc. AR increased its stake in Huntsman by 5.7% in the first quarter. Stephens Inc. AR now owns 9,757 shares of the basic materials company’s stock valued at $366,000 after purchasing an additional 528 shares in the last quarter. Advisor Group Holdings Inc. increased its stake in Huntsman by 17.1% in the first quarter. Advisor Group Holdings Inc. now owns 21,706 shares of the basic materials company’s stock valued at $1,812,000 after purchasing an additional 3,165 shares in the last quarter. Finally, Taika Capital LP bought a new stake in Huntsman in the first quarter valued at $2,813,000. Institutional investors and hedge funds own 87.62% of the company’s stock.
Huntsman Trading Up 0.2 %
Shares of HUN stock opened at $28.57 on Thursday. Huntsman Co. has a 52-week low of $23.53 and a 52-week high of $41.65. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.33 and a current ratio of 2.00. The company has a 50-day simple moving average of $26.40 and a two-hundred day simple moving average of $29.13. The company has a market capitalization of $5.49 billion, a price-to-earnings ratio of 5.32, a PEG ratio of 1.42 and a beta of 1.14.
Huntsman Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Thursday, December 15th will be paid a $0.2125 dividend. This represents a $0.85 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend is Wednesday, December 14th. Huntsman’s payout ratio is 15.83%.
Analysts Set New Price Targets
Several equities research analysts have weighed in on HUN shares. JPMorgan Chase & Co. downgraded shares of Huntsman from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $30.00 to $25.00 in a research note on Tuesday, September 20th. The Goldman Sachs Group started coverage on shares of Huntsman in a research note on Thursday, October 13th. They issued a “sell” rating and a $26.00 price target for the company. Credit Suisse Group started coverage on shares of Huntsman in a research report on Monday, September 12th. They set an “outperform” rating and a $33.00 target price for the company. Morgan Stanley decreased their target price on shares of Huntsman from $37.00 to $35.00 and set an “overweight” rating for the company in a research report on Monday, November 14th. Finally, Royal Bank of Canada downgraded shares of Huntsman from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $43.00 to $30.00 in a research report on Monday, September 19th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $35.20.
Huntsman Corporation manufactures and sells differentiated organic chemical products worldwide. The company operates through 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.
- Get a free copy of the StockNews.com research report on Huntsman (HUN)
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