Tower Research Capital LLC TRC boosted its stake in Huntsman Corp. (NYSE:HUN) by 83.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 13,756 shares of the company’s stock after buying an additional 6,239 shares during the period. Tower Research Capital LLC TRC’s holdings in Huntsman Corp. were worth $185,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of HUN. Scopia Capital Management LP increased 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 valued at $196,939,000 after buying an additional 4,210,142 shares during the period. BlackRock Fund Advisors increased 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 valued at $70,203,000 after buying an additional 3,176,013 shares during the period. Loomis Sayles & Co. L P bought a new stake in Huntsman Corp. during the first quarter valued at approximately $148,000. Strs Ohio bought a new stake in Huntsman Corp. during the second quarter valued at approximately $24,210,000. Finally, TIAA CREF Investment Management LLC increased its stake in Huntsman Corp. by 35.9% in the first quarter. TIAA CREF Investment Management LLC now owns 684,436 shares of the company’s stock valued at $9,103,000 after buying an additional 180,705 shares during the period. 67.25% of the stock is currently owned by institutional investors.
Shares of Huntsman Corp. (NYSE:HUN) opened at 16.27 on Monday. Huntsman Corp. has a 52-week low of $7.46 and a 52-week high of $18.12. The stock has a market cap of $3.87 billion, a PE ratio of 19.42 and a beta of 2.65. The company’s 50-day moving average price is $16.26 and its 200-day moving average price is $15.06.
Huntsman Corp. (NYSE:HUN) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.53 EPS for the quarter, hitting the consensus estimate of $0.53. The company had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.59 billion. Huntsman Corp. had a return on equity of 26.60% and a net margin of 2.05%. Huntsman Corp.’s quarterly revenue was down 7.2% on a year-over-year basis. During the same period last year, the business posted $0.63 EPS. On average, equities research analysts forecast that Huntsman Corp. will post $1.68 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $0.50 annualized dividend and a yield of 3.07%. Huntsman Corp.’s payout ratio is currently 59.52%.
Several equities research analysts have commented on HUN shares. Jefferies Group reissued a “buy” rating on shares of Huntsman Corp. in a report on Thursday, August 4th. Nomura reissued a “buy” rating on shares of Huntsman Corp. in a report on Tuesday, July 12th. Zacks Investment Research raised Huntsman Corp. from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Thursday, July 7th. Finally, Citigroup Inc. boosted their target price on Huntsman Corp. from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Friday, July 15th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target 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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