Huntsman (NYSE:HUN) Hits New 12-Month Low at $19.91

Huntsman Co. (NYSE:HUN)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $19.91 and last traded at $19.95, with a volume of 118406 shares. The stock had previously closed at $20.02.

Analyst Ratings Changes

HUN has been the topic of several research reports. JPMorgan Chase & Co. dropped their price objective on shares of Huntsman from $27.00 to $25.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 7th. Royal Bank of Canada reduced their price target on shares of Huntsman from $30.00 to $21.00 and set a “sector perform” rating for the company in a report on Thursday, August 8th. Wells Fargo & Company dropped their price target on shares of Huntsman from $28.00 to $26.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 7th. Citigroup lowered their target price on Huntsman from $26.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, June 27th. Finally, UBS Group reduced their price target on Huntsman from $23.00 to $22.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Huntsman currently has a consensus rating of “Hold” and a consensus target price of $25.56.

Huntsman Price Performance

The company has a 50 day moving average of $22.82 and a two-hundred day moving average of $24.18. The firm has a market cap of $3.53 billion, a P/E ratio of -38.92 and a beta of 1.01. The company has a quick ratio of 0.98, a current ratio of 1.55 and a debt-to-equity ratio of 0.49.

Huntsman (NYSE:HUN) last posted its quarterly earnings data on Monday, August 5th. The basic materials company reported $0.14 earnings per share for the quarter, meeting the consensus estimate of $0.14. Huntsman had a negative net margin of 1.49% and a positive return on equity of 0.67%. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same quarter last year, the firm posted $0.22 EPS. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. Sell-side analysts expect that Huntsman Co. will post 0.33 EPS for the current year.

Huntsman Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.00 annualized dividend and a dividend yield of 4.90%. Huntsman’s dividend payout ratio is currently -192.31%.

Institutional Investors Weigh In On Huntsman

Hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in Huntsman by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 10,214,010 shares of the basic materials company’s stock valued at $256,681,000 after purchasing an additional 210,754 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Huntsman by 1.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 6,657,819 shares of the basic materials company’s stock valued at $151,599,000 after buying an additional 97,082 shares in the last quarter. Wellington Management Group LLP raised its position in Huntsman by 75.9% during the fourth quarter. Wellington Management Group LLP now owns 3,151,535 shares of the basic materials company’s stock valued at $79,198,000 after buying an additional 1,359,437 shares during the period. 1832 Asset Management L.P. lifted its stake in Huntsman by 753.2% in the 1st quarter. 1832 Asset Management L.P. now owns 2,867,920 shares of the basic materials company’s stock worth $74,652,000 after acquiring an additional 2,531,800 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Huntsman by 9.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,408,592 shares of the basic materials company’s stock worth $62,697,000 after acquiring an additional 203,396 shares during the period. 84.81% of the stock is owned by hedge funds and other institutional investors.

About Huntsman

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.