Thornburg Investment Management Inc. lifted its position in shares of Huntsman Co. (NYSE:HUN) by 101.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,520,467 shares of the basic materials company’s stock after buying an additional 764,641 shares during the period. Thornburg Investment Management Inc.’s holdings in Huntsman were worth $34,195,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Nordea Investment Management AB boosted its holdings in shares of Huntsman by 13.3% during the 3rd quarter. Nordea Investment Management AB now owns 344,846 shares of the basic materials company’s stock worth $9,390,000 after buying an additional 40,443 shares in the last quarter. Morgan Stanley boosted its position in shares of Huntsman by 63.0% during the third quarter. Morgan Stanley now owns 860,281 shares of the basic materials company’s stock valued at $23,425,000 after purchasing an additional 332,502 shares in the last quarter. Vanguard Group Inc boosted its position in shares of Huntsman by 1.3% during the third quarter. Vanguard Group Inc now owns 23,641,404 shares of the basic materials company’s stock valued at $643,755,000 after purchasing an additional 314,873 shares in the last quarter. First Hawaiian Bank boosted its position in shares of Huntsman by 51.0% during the fourth quarter. First Hawaiian Bank now owns 13,744 shares of the basic materials company’s stock valued at $265,000 after purchasing an additional 4,640 shares in the last quarter. Finally, Boston Advisors LLC boosted its position in shares of Huntsman by 5.4% during the fourth quarter. Boston Advisors LLC now owns 185,422 shares of the basic materials company’s stock valued at $3,577,000 after purchasing an additional 9,441 shares in the last quarter. 77.77% of the stock is currently owned by institutional investors.
Huntsman stock traded down $0.06 during mid-day trading on Friday, reaching $20.40. 117,650 shares of the stock traded hands, compared to its average volume of 2,688,334. The stock has a market cap of $4.77 billion, a PE ratio of 6.08, a price-to-earnings-growth ratio of 0.87 and a beta of 2.20. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.11 and a current ratio of 1.83. Huntsman Co. has a 12-month low of $17.58 and a 12-month high of $33.55.
Huntsman (NYSE:HUN) last posted its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.05. The company had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Huntsman had a return on equity of 19.90% and a net margin of 2.00%. Huntsman’s revenue for the quarter was down 11.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.96 earnings per share. As a group, sell-side analysts predict that Huntsman Co. will post 2.76 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.1625 per share. This represents a $0.65 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend is Thursday, June 13th. Huntsman’s dividend payout ratio (DPR) is presently 19.46%.
Several equities research analysts recently weighed in on the company. Royal Bank of Canada dropped their price target on Huntsman from $28.00 to $27.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 19th. ValuEngine raised Huntsman from a “strong sell” rating to a “sell” rating in a report on Monday, April 1st. KeyCorp dropped their target price on Huntsman from $30.00 to $29.00 and set an “overweight” rating on the stock in a report on Wednesday, April 10th. Barclays set a $21.00 target price on Huntsman and gave the stock a “sell” rating in a report on Tuesday, March 19th. Finally, JPMorgan Chase & Co. downgraded Huntsman from an “overweight” rating to a “neutral” rating and set a $24.00 target price on the stock. in a report on Wednesday, February 13th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. Huntsman presently has a consensus rating of “Hold” and an average price target of $30.05.
In other news, insider Scott J. Wright acquired 4,950 shares of Huntsman stock in a transaction that occurred on Tuesday, May 14th. The stock was bought at an average price of $20.22 per share, for a total transaction of $100,089.00. Following the completion of the transaction, the insider now owns 33,922 shares in the company, valued at $685,902.84. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.60% of the stock is currently owned by corporate insiders.
Huntsman Company Profile
Huntsman Corporation manufactures and sells differentiated organic chemical products worldwide. The company operates in 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.
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