Prudential Financial Inc. decreased its position in shares of Huntsman Corp. (NYSE:HUN) by 58.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,039,907 shares of the company’s stock after selling 1,447,198 shares during the period. Prudential Financial Inc. owned about 0.44% of Huntsman Corp. worth $13,986,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Canada Pension Plan Investment Board boosted its position in shares of Huntsman Corp. by 41.1% in the first quarter. Canada Pension Plan Investment Board now owns 204,800 shares of the company’s stock worth $2,724,000 after buying an additional 59,700 shares during the last quarter. M&T Bank Corp boosted its position in shares of Huntsman Corp. by 53.8% in the first quarter. M&T Bank Corp now owns 38,391 shares of the company’s stock worth $510,000 after buying an additional 13,427 shares during the last quarter. Royce & Associates LP boosted its position in shares of Huntsman Corp. by 32.6% in the first quarter. Royce & Associates LP now owns 1,098,300 shares of the company’s stock worth $14,607,000 after buying an additional 270,300 shares during the last quarter. American Financial Group Inc. boosted its position in shares of Huntsman Corp. by 5.0% in the first quarter. American Financial Group Inc. now owns 840,000 shares of the company’s stock worth $11,173,000 after buying an additional 40,000 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of 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 last quarter. Institutional investors and hedge funds own 67.25% of the company’s stock.
Shares of Huntsman Corp. (NYSE:HUN) opened at 16.27 on Friday. The company has a market cap of $3.87 billion, a price-to-earnings ratio of 19.42 and a beta of 2.71. Huntsman Corp. has a one year low of $7.46 and a one year high of $18.12. The company has a 50 day moving average price of $16.26 and a 200 day moving average price of $15.06.
Huntsman Corp. (NYSE:HUN) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.53. Huntsman Corp. had a return on equity of 26.60% and a net margin of 2.05%. The company had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.59 billion. During the same quarter in the prior year, the firm earned $0.63 earnings per share. Huntsman Corp.’s revenue was down 7.2% compared to the same quarter last year. Equities analysts predict that Huntsman Corp. will post $1.68 EPS for the current year.
The business also recently announced 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 dividend on an annualized basis and a yield of 3.07%. Huntsman Corp.’s dividend payout ratio is currently 59.52%.
A number of brokerages have issued reports on HUN. Jefferies Group reiterated a “buy” rating on shares of Huntsman Corp. in a research note on Monday, August 22nd. Zacks Investment Research lowered Huntsman Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, August 24th. Citigroup Inc. lifted 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. Finally, Nomura reissued a “buy” rating on shares of Huntsman Corp. in a report on Tuesday, July 12th. Three 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.
Receive News & Ratings for Huntsman Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntsman Corp. and related companies with MarketBeat.com's FREE daily email newsletter.