Huntsman Co. (NYSE:HUN) Shares Sold by LSV Asset Management

LSV Asset Management decreased its position in Huntsman Co. (NYSE:HUN) by 37.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,349,400 shares of the basic materials company’s stock after selling 2,566,991 shares during the quarter. LSV Asset Management owned about 2.50% of Huntsman worth $109,300,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. GAMMA Investing LLC acquired a new stake in Huntsman in the 4th quarter valued at about $36,000. Neo Ivy Capital Management acquired a new stake in Huntsman during the third quarter valued at approximately $134,000. Larson Financial Group LLC boosted its holdings in Huntsman by 1,942.2% during the third quarter. Larson Financial Group LLC now owns 9,333 shares of the basic materials company’s stock worth $228,000 after buying an additional 8,876 shares in the last quarter. HighTower Advisors LLC grew its position in Huntsman by 23.5% in the third quarter. HighTower Advisors LLC now owns 11,281 shares of the basic materials company’s stock worth $274,000 after buying an additional 2,146 shares during the last quarter. Finally, Verdence Capital Advisors LLC increased its holdings in shares of Huntsman by 5.0% in the third quarter. Verdence Capital Advisors LLC now owns 11,628 shares of the basic materials company’s stock valued at $284,000 after buying an additional 557 shares in the last quarter. Institutional investors own 84.81% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group raised their price objective on Huntsman from $25.00 to $28.00 and gave the stock a “sell” rating in a research note on Tuesday, March 5th. Stifel Nicolaus cut their target price on Huntsman from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Wednesday, January 24th. Wells Fargo & Company upgraded shares of Huntsman from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $25.00 to $32.00 in a research note on Friday, February 23rd. Finally, Royal Bank of Canada lifted their price target on Huntsman from $20.00 to $24.00 and gave the stock a “sector perform” rating in a research report on Friday, February 23rd. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $26.55.

Huntsman Trading Up 0.9 %

Shares of HUN stock traded up $0.21 during trading hours on Friday, hitting $24.53. The company had a trading volume of 3,363,854 shares, compared to its average volume of 1,596,781. The firm’s fifty day moving average is $25.12 and its 200 day moving average is $24.66. The company has a current ratio of 1.97, a quick ratio of 1.23 and a debt-to-equity ratio of 0.48. Huntsman Co. has a 12 month low of $22.14 and a 12 month high of $29.90.

Huntsman (NYSE:HUN) last released its quarterly earnings results on Thursday, May 2nd. The basic materials company reported ($0.06) EPS for the quarter, hitting analysts’ consensus estimates of ($0.06). The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.47 billion. Huntsman had a positive return on equity of 0.66% and a negative net margin of 1.49%. Huntsman’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.20 EPS. As a group, equities research analysts forecast that Huntsman Co. will post 0.43 EPS for the current year.

Huntsman Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.25 per share. This is a boost from Huntsman’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 4.08%. The ex-dividend date of this dividend was Thursday, March 14th. Huntsman’s dividend payout ratio is -192.31%.

Huntsman Profile

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.