State of Wyoming Sells 62,023 Shares of Huntsman Corporation $HUN

State of Wyoming decreased its holdings in shares of Huntsman Corporation (NYSE:HUN) by 61.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 38,608 shares of the basic materials company’s stock after selling 62,023 shares during the period. State of Wyoming’s holdings in Huntsman were worth $514,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its stake in shares of Huntsman by 20.8% during the 1st quarter. NewEdge Advisors LLC now owns 56,481 shares of the basic materials company’s stock worth $892,000 after buying an additional 9,720 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Huntsman by 97.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,137,285 shares of the basic materials company’s stock valued at $33,748,000 after acquiring an additional 1,052,127 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Huntsman by 0.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 599,296 shares of the basic materials company’s stock valued at $9,463,000 after acquiring an additional 1,581 shares during the last quarter. Focus Partners Wealth acquired a new stake in shares of Huntsman in the first quarter valued at about $680,000. Finally, Prudential Financial Inc. raised its holdings in Huntsman by 34.5% during the second quarter. Prudential Financial Inc. now owns 14,250 shares of the basic materials company’s stock worth $148,000 after acquiring an additional 3,655 shares in the last quarter. Institutional investors own 84.81% of the company’s stock.

Huntsman Trading Down 0.0%

Shares of NYSE:HUN opened at $12.80 on Friday. Huntsman Corporation has a 52-week low of $7.30 and a 52-week high of $16.08. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.75 and a current ratio of 1.27. The company has a market capitalization of $2.25 billion, a P/E ratio of -6.67 and a beta of 0.69. The company has a 50-day simple moving average of $12.92 and a 200 day simple moving average of $12.79.

Huntsman (NYSE:HUN) last announced its quarterly earnings results on Thursday, April 30th. The basic materials company reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.03. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.39 billion. Huntsman had a negative return on equity of 4.60% and a negative net margin of 5.83%.The business’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.11) earnings per share. Sell-side analysts forecast that Huntsman Corporation will post -0.21 earnings per share for the current year.

Huntsman Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Monday, June 15th. Huntsman’s payout ratio is currently -18.23%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Mizuho reduced their price target on Huntsman from $14.00 to $13.00 and set a “neutral” rating for the company in a research report on Wednesday, July 1st. Royal Bank Of Canada boosted their price target on Huntsman from $14.00 to $15.00 and gave the stock a “sector perform” rating in a research report on Monday, May 4th. Morgan Stanley upped their price objective on Huntsman from $11.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 5th. Bank of America increased their price objective on Huntsman from $10.00 to $11.00 and gave the company an “underperform” rating in a report on Tuesday, June 30th. Finally, The Goldman Sachs Group set a $12.00 target price on shares of Huntsman in a research note on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Huntsman has an average rating of “Hold” and an average price target of $13.67.

About Huntsman

Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.

The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.