Huntsman Co. (NYSE:HUN) Position Lessened by Dumont & Blake Investment Advisors LLC

Dumont & Blake Investment Advisors LLC trimmed its position in shares of Huntsman Co. (NYSE:HUN) by 3.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,983 shares of the basic materials company’s stock after selling 1,015 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in Huntsman were worth $541,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of HUN. Matrix Trust Co purchased a new stake in shares of Huntsman during the third quarter worth $25,000. R Squared Ltd purchased a new stake in shares of Huntsman during the fourth quarter worth $40,000. True Wealth Design LLC bought a new position in Huntsman during the third quarter valued at about $62,000. Capital Performance Advisors LLP bought a new position in Huntsman during the third quarter valued at about $78,000. Finally, Quarry LP raised its holdings in Huntsman by 64.8% during the second quarter. Quarry LP now owns 3,664 shares of the basic materials company’s stock valued at $83,000 after buying an additional 1,441 shares in the last quarter. 84.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HUN has been the topic of several recent research reports. Morgan Stanley cut their target price on Huntsman from $24.00 to $20.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Mizuho cut their target price on Huntsman from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. UBS Group cut their target price on Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Citigroup cut their target price on Huntsman from $22.00 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. Finally, Royal Bank of Canada dropped their price objective on Huntsman from $23.00 to $20.00 and set a “sector perform” rating on the stock in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $22.63.

Huntsman Stock Down 1.1 %

HUN stock opened at $17.26 on Friday. Huntsman Co. has a twelve month low of $15.95 and a twelve month high of $27.01. The company has a market cap of $2.99 billion, a PE ratio of -25.02 and a beta of 0.97. The business’s 50-day simple moving average is $18.24 and its 200 day simple moving average is $20.78. The company has a quick ratio of 0.83, a current ratio of 1.47 and a debt-to-equity ratio of 0.45.

Huntsman (NYSE:HUN) last released its earnings results on Monday, November 4th. The basic materials company reported $0.10 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.10. Huntsman had a negative return on equity of 0.03% and a negative net margin of 1.99%. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same period last year, the business earned $0.15 earnings per share. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, research analysts anticipate that Huntsman Co. will post 0.08 earnings per share for the current year.

Huntsman Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 5.79%. The ex-dividend date was Friday, December 13th. Huntsman’s payout ratio is -144.93%.

Insider Buying and Selling at Huntsman

In other Huntsman news, Director Mary C. Beckerle sold 20,201 shares of Huntsman stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $21.42, for a total transaction of $432,705.42. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 5.60% of the company’s stock.

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.