Huntsman Target of Unusually Large Options Trading (NYSE:HUN)

Huntsman Co. (NYSE:HUNGet Free Report) saw some unusual options trading activity on Tuesday. Traders purchased 4,039 call options on the company. This represents an increase of 71% compared to the typical volume of 2,365 call options.

Huntsman Trading Up 2.0 %

Shares of HUN opened at $21.89 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.55 and a quick ratio of 0.98. The firm has a 50 day simple moving average of $23.90 and a 200-day simple moving average of $24.48. Huntsman has a 1-year low of $21.41 and a 1-year high of $29.90. The stock has a market cap of $3.79 billion, a price-to-earnings ratio of -42.10 and a beta of 1.01.

Huntsman (NYSE:HUNGet Free Report) last released its earnings results on Thursday, May 2nd. The basic materials company reported ($0.06) EPS for the quarter, hitting the consensus estimate of ($0.06). The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Huntsman had a negative net margin of 1.49% and a positive return on equity of 0.67%. Huntsman’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.20 EPS. Equities analysts forecast that Huntsman will post 0.4 EPS for the current fiscal year.

Huntsman Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.00 annualized dividend and a yield of 4.57%. Huntsman’s payout ratio is currently -192.31%.

Institutional Trading of Huntsman

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quadrant Capital Group LLC grew its stake 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 valued at $27,000 after buying an additional 521 shares during the period. GAMMA Investing LLC purchased a new stake in shares of Huntsman during the 4th quarter valued at $36,000. Fidelis Capital Partners LLC purchased a new stake in shares of Huntsman during the 1st quarter valued at $45,000. Montag A & Associates Inc. purchased a new stake in shares of Huntsman during the 4th quarter valued at $45,000. Finally, Quarry LP purchased a new stake in shares of Huntsman during the 4th quarter valued at $52,000. 84.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Citigroup reduced their price target on shares of Huntsman from $26.00 to $24.00 and set a “neutral” rating for the company in a research report on Thursday, June 27th. JPMorgan Chase & Co. upgraded shares of Huntsman from an “underweight” rating to an “overweight” rating and lifted their price target for the company from $22.00 to $27.00 in a research report on Friday, June 7th. Royal Bank of Canada lifted their price target on shares of Huntsman from $24.00 to $26.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 7th. Finally, UBS Group reduced their price target on shares of Huntsman from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $26.90.

Get Our Latest Stock Analysis on HUN

Huntsman Company Profile

(Get Free Report)

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.

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