Huntsman (NYSE:HUN) Shares Down 4.6% – Time to Sell?

Huntsman Corporation (NYSE:HUN) shares traded down 4.6% on Thursday . The company traded as low as $10.73 and last traded at $10.7760. 577,232 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 6,357,400 shares. The stock had previously closed at $11.30.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Royal Bank Of Canada lifted their target price on shares of 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 raised their price objective on Huntsman from $11.00 to $15.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Wells Fargo & Company boosted their target price on Huntsman from $12.00 to $14.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $15.00 target price on shares of Huntsman in a report on Tuesday, May 19th. Finally, Citigroup lifted their price target on Huntsman from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Huntsman has a consensus rating of “Hold” and a consensus price target of $13.75.

Huntsman Stock Performance

The business’s fifty day simple moving average is $13.48 and its 200-day simple moving average is $12.64. The firm has a market cap of $1.87 billion, a P/E ratio of -5.55 and a beta of 0.69. The company has a current ratio of 1.27, a quick ratio of 0.75 and a debt-to-equity ratio of 0.58.

Huntsman (NYSE:HUN) last posted its 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. Huntsman had a negative net margin of 5.83% and a negative return on equity of 4.60%. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period in the prior year, the business posted ($0.11) earnings per share. Huntsman’s revenue for the quarter was up .7% on a year-over-year basis. As a group, sell-side analysts expect that Huntsman Corporation will post -0.24 earnings per share for the current year.

Huntsman Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a $0.0875 dividend. This represents a $0.35 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Monday, June 15th. Huntsman’s dividend payout ratio (DPR) is currently -18.23%.

Hedge Funds Weigh In On Huntsman

Hedge funds and other institutional investors have recently made changes to their positions in the business. Aquatic Capital Management LLC boosted its stake in Huntsman by 223.5% during the third quarter. Aquatic Capital Management LLC now owns 517,684 shares of the basic materials company’s stock worth $4,649,000 after acquiring an additional 357,662 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of Huntsman during the first quarter valued at approximately $2,632,000. Cambria Investment Management L.P. boosted its position in shares of Huntsman by 71.6% in the 3rd quarter. Cambria Investment Management L.P. now owns 706,492 shares of the basic materials company’s stock worth $6,344,000 after purchasing an additional 294,793 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Huntsman by 61.9% in the 4th quarter. SG Americas Securities LLC now owns 3,377,627 shares of the basic materials company’s stock worth $33,776,000 after purchasing an additional 1,291,407 shares in the last quarter. Finally, Dymon Asia Capital Singapore PTE. LTD. purchased a new stake in shares of Huntsman in the 4th quarter worth approximately $1,001,000. Institutional investors own 84.81% of the company’s stock.

Huntsman Company Profile

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.