Bronfman E.L. Rothschild L.P. increased its holdings in shares of Huntsman Corporation (NYSE:HUN) by 0.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,385 shares of the basic materials company’s stock after buying an additional 24 shares during the quarter. Bronfman E.L. Rothschild L.P.’s holdings in Huntsman Corporation were worth $139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also made changes to their positions in the company. SG Americas Securities LLC purchased a new position in Huntsman Corporation during the 1st quarter worth $122,000. Opera Trading Capital purchased a new position in Huntsman Corporation during the 2nd quarter worth $129,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Huntsman Corporation by 9.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,863 shares of the basic materials company’s stock worth $203,000 after buying an additional 705 shares during the last quarter. CIBC Asset Management Inc purchased a new position in Huntsman Corporation during the 2nd quarter worth $207,000. Finally, World Asset Management Inc purchased a new position in Huntsman Corporation during the 1st quarter worth $241,000. Hedge funds and other institutional investors own 75.10% of the company’s stock.
In related news, VP Randy W. Wright sold 56,675 shares of the firm’s stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $25.76, for a total transaction of $1,459,948.00. Following the transaction, the vice president now owns 66,023 shares of the company’s stock, valued at $1,700,752.48. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Randy W. Wright sold 32,962 shares of the firm’s stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $25.75, for a total value of $848,771.50. Following the transaction, the vice president now directly owns 69,148 shares in the company, valued at approximately $1,780,561. The disclosure for this sale can be found here. Company insiders own 19.00% of the company’s stock.
HUN has been the topic of several research analyst reports. Alembic Global Advisors set a $28.00 target price on Huntsman Corporation and gave the stock a “buy” rating in a research note on Thursday, July 27th. Jefferies Group LLC reaffirmed a “buy” rating and set a $31.00 price target on shares of Huntsman Corporation in a research report on Tuesday, July 25th. BidaskClub cut Huntsman Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Instinet reaffirmed a “buy” rating and set a $30.00 price target on shares of Huntsman Corporation in a research report on Sunday, July 9th. Finally, KeyCorp reaffirmed a “buy” rating and set a $34.00 price target on shares of Huntsman Corporation in a research report on Friday, September 1st. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $30.33.
Huntsman Corporation (NYSE HUN) opened at 27.32 on Friday. The firm has a market cap of $6.56 billion, a PE ratio of 15.49 and a beta of 2.79. The stock has a 50 day moving average price of $26.42 and a 200 day moving average price of $25.20. Huntsman Corporation has a one year low of $14.75 and a one year high of $28.67.
Huntsman Corporation (NYSE:HUN) last released its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.18. Huntsman Corporation had a return on equity of 30.04% and a net margin of 4.33%. The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same quarter last year, the company posted $0.53 earnings per share. The business’s revenue was up 2.8% on a year-over-year basis. Equities research analysts expect that Huntsman Corporation will post $2.32 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Thursday, September 14th. Huntsman Corporation’s dividend payout ratio is currently 28.41%.
About Huntsman Corporation
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). The Company operates through five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
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