Insider Selling: Huntsman Co. (HUN) Director Sells $138,635.32 in Stock
Huntsman Co. (NYSE:HUN) Director Mary C. Beckerle sold 4,507 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $30.76, for a total transaction of $138,635.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Huntsman Co. (NYSE HUN) traded down $0.70 on Thursday, reaching $29.41. 7,345,400 shares of the company’s stock were exchanged, compared to its average volume of 3,657,031. The stock has a market cap of $7,060.00, a price-to-earnings ratio of 12.60, a PEG ratio of 1.44 and a beta of 2.87. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.52 and a current ratio of 1.87. Huntsman Co. has a 1-year low of $18.18 and a 1-year high of $32.59.
Huntsman (NYSE:HUN) last announced its earnings results on Friday, October 27th. The basic materials company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.17. The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.99 billion. Huntsman had a net margin of 5.35% and a return on equity of 17.84%. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.38 EPS. research analysts expect that Huntsman Co. will post 2.61 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.125 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.50 dividend on an annualized basis and a yield of 1.70%. Huntsman’s dividend payout ratio is presently 29.07%.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Huntsman by 6.9% during the 2nd quarter. Vanguard Group Inc. now owns 23,571,578 shares of the basic materials company’s stock valued at $609,090,000 after acquiring an additional 1,528,072 shares during the period. BlackRock Inc. grew its position in shares of Huntsman by 9.2% during the 2nd quarter. BlackRock Inc. now owns 11,181,244 shares of the basic materials company’s stock valued at $288,925,000 after acquiring an additional 939,083 shares during the period. CNH Partners LLC bought a new stake in shares of Huntsman during the 2nd quarter valued at $173,105,000. Principal Financial Group Inc. grew its position in shares of Huntsman by 20.4% during the 3rd quarter. Principal Financial Group Inc. now owns 5,792,566 shares of the basic materials company’s stock valued at $158,832,000 after acquiring an additional 983,408 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Huntsman by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,466,615 shares of the basic materials company’s stock valued at $149,566,000 after acquiring an additional 75,590 shares during the period. Institutional investors and hedge funds own 74.47% of the company’s stock.
A number of equities analysts recently weighed in on HUN shares. Zacks Investment Research upgraded shares of Huntsman from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Wednesday, October 11th. Alembic Global Advisors restated a “buy” rating on shares of Huntsman in a report on Monday, October 2nd. BidaskClub upgraded shares of Huntsman from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. ValuEngine upgraded shares of Huntsman from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Finally, KeyCorp restated a “buy” rating and issued a $34.00 price objective on shares of Huntsman in a report on Friday, September 1st. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $31.55.
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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