Ameriprise Financial Inc. raised its position in shares of Huntsman Corp. (NYSE:HUN) by 2,140.8% during the second quarter, according to its most recent filing with the SEC. The fund owned 489,580 shares of the company’s stock after buying an additional 467,732 shares during the period. Ameriprise Financial Inc. owned approximately 0.21% of Huntsman Corp. worth $6,560,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of HUN. Scopia Capital Management LP boosted its stake in Huntsman Corp. by 39.7% in the first quarter. Scopia Capital Management LP now owns 14,807,467 shares of the company’s stock worth $196,939,000 after buying an additional 4,210,142 shares during the period. LSV Asset Management boosted its stake in Huntsman Corp. by 5.9% in the second quarter. LSV Asset Management now owns 9,925,708 shares of the company’s stock worth $133,500,000 after buying an additional 548,633 shares during the period. BlackRock Fund Advisors boosted its stake in Huntsman Corp. by 151.1% in the first quarter. BlackRock Fund Advisors now owns 5,278,412 shares of the company’s stock worth $70,203,000 after buying an additional 3,176,013 shares during the period. JPMorgan Chase & Co. boosted its stake in Huntsman Corp. by 663.6% in the first quarter. JPMorgan Chase & Co. now owns 2,520,325 shares of the company’s stock worth $33,520,000 after buying an additional 2,190,251 shares during the period. Finally, Prudential Financial Inc. boosted its stake in Huntsman Corp. by 34.0% in the first quarter. Prudential Financial Inc. now owns 2,487,105 shares of the company’s stock worth $33,079,000 after buying an additional 631,500 shares during the period. Institutional investors and hedge funds own 67.25% of the company’s stock.
Huntsman Corp. (NYSE:HUN) traded up 1.84% during mid-day trading on Monday, hitting $17.15. The stock had a trading volume of 1,041,769 shares. Huntsman Corp. has a 52 week low of $7.46 and a 52 week high of $18.12. The stock has a market capitalization of $4.08 billion, a P/E ratio of 20.47 and a beta of 2.65. The company’s 50 day moving average is $16.20 and its 200-day moving average is $15.19.
Huntsman Corp. (NYSE:HUN) last announced its earnings results on Wednesday, July 27th. The company reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. The business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.59 billion. Huntsman Corp. had a return on equity of 26.60% and a net margin of 2.05%. The company’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.63 EPS. On average, analysts expect that Huntsman Corp. will post $1.68 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were paid a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $0.50 dividend on an annualized basis and a yield of 2.97%. Huntsman Corp.’s dividend payout ratio is currently 59.52%.
A number of equities research analysts recently weighed in on HUN shares. Zacks Investment Research cut Huntsman Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 6th. Citigroup Inc. increased their price target on Huntsman Corp. from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Friday, July 15th. Jefferies Group restated a “buy” rating and issued a $20.00 price target on shares of Huntsman Corp. in a research note on Tuesday, September 20th. Finally, Nomura reiterated a “buy” rating on shares of Huntsman Corp. in a research report on Tuesday, July 12th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $16.43.
Huntsman Corp. Company Profile
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). It operates in five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
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