Huntsman (NYSE:HUN) Hits New 1-Year Low at $19.91

Huntsman Co. (NYSE:HUN)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as $19.91 and last traded at $19.95, with a volume of 118406 shares. The stock had previously closed at $20.02.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Royal Bank of Canada decreased their price objective on Huntsman from $30.00 to $21.00 and set a “sector perform” rating for the company in a report on Thursday, August 8th. UBS Group dropped their price objective on Huntsman from $23.00 to $22.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th. Citigroup decreased their target price on shares of Huntsman from $26.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday, June 27th. JPMorgan Chase & Co. dropped their price target on shares of Huntsman from $27.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 7th. Finally, Wells Fargo & Company decreased their price objective on shares of Huntsman from $28.00 to $26.00 and set an “overweight” rating for the company in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Huntsman presently has a consensus rating of “Hold” and an average price target of $25.56.

Huntsman Stock Performance

The stock has a market capitalization of $3.53 billion, a P/E ratio of -38.92 and a beta of 1.01. The company’s fifty day simple moving average is $22.82 and its two-hundred day simple moving average is $24.18. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.98 and a current ratio of 1.55.

Huntsman (NYSE:HUN) last released its quarterly earnings results on Monday, August 5th. The basic materials company reported $0.14 earnings per share for the quarter, hitting the consensus estimate of $0.14. The business had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Huntsman had a positive return on equity of 0.67% and a negative net margin of 1.49%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the firm posted $0.22 EPS. As a group, equities analysts forecast that Huntsman Co. will post 0.33 EPS for the current year.

Huntsman Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.90%. The ex-dividend date is Friday, September 13th. Huntsman’s dividend payout ratio (DPR) is currently -192.31%.

Institutional Trading of Huntsman

Several large investors have recently modified their holdings of the stock. Quadrant Capital Group LLC raised its holdings in shares of Huntsman by 93.0% during the 4th quarter. Quadrant Capital Group LLC now owns 1,081 shares of the basic materials company’s stock worth $27,000 after buying an additional 521 shares in the last quarter. GAMMA Investing LLC acquired a new position in Huntsman during the 4th quarter worth approximately $36,000. Montag A & Associates Inc. bought a new position in Huntsman in the 4th quarter valued at approximately $45,000. Fidelis Capital Partners LLC acquired a new stake in Huntsman in the first quarter valued at approximately $45,000. Finally, Quarry LP bought a new stake in shares of Huntsman during the fourth quarter worth $52,000. 84.81% of the stock is owned by institutional investors and hedge funds.

Huntsman Company Profile

Huntsman Corporation manufactures and sells diversified organic chemical products worldwide. The company operates in three segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyether and polyester polyols, and thermoplastic polyurethane; and aniline, benzene, nitrobenzene and other co-products.