Huntsman Co. (NYSE:HUN) Director Mary C. Beckerle Sells 20,201 Shares

Huntsman Co. (NYSE:HUN) Director Mary C. Beckerle sold 20,201 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $21.42, for a total value of $432,705.42. The sale was disclosed in a filing with the SEC, which is available through this link.

Huntsman Stock Performance

Shares of NYSE:HUN opened at $20.29 on Friday. The firm has a 50 day moving average of $22.67 and a 200 day moving average of $23.00. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.47 and a quick ratio of 0.77. Huntsman Co. has a 52 week low of $19.90 and a 52 week high of $27.01.

Huntsman (NYSE:HUN) last issued its quarterly earnings data 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 firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the prior year, the business posted $0.15 EPS. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. Equities research analysts predict that Huntsman Co. will post 0.19 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.93%. The ex-dividend date of this dividend is Friday, December 13th. Huntsman’s dividend payout ratio is currently -144.93%.

Institutional Trading of Huntsman

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Huntsman by 25.0% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 76,812 shares of the basic materials company’s stock valued at $1,999,000 after buying an additional 15,379 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Huntsman by 30.6% in the 1st quarter. BNP Paribas Financial Markets now owns 202,564 shares of the basic materials company’s stock worth $5,273,000 after purchasing an additional 47,449 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Huntsman during the 1st quarter worth approximately $10,523,000. Susquehanna Fundamental Investments LLC acquired a new position in Huntsman during the 1st quarter valued at approximately $4,960,000. Finally, Sei Investments Co. raised its holdings in shares of Huntsman by 0.3% in the first quarter. Sei Investments Co. now owns 332,636 shares of the basic materials company’s stock worth $8,658,000 after buying an additional 1,096 shares during the last quarter. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. cut their price target on shares of Huntsman from $27.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, August 7th. Royal Bank of Canada upped their target price on shares of Huntsman from $21.00 to $24.00 and gave the stock a “sector perform” rating in a research note on Friday, October 11th. Wells Fargo & Company lowered their price target on Huntsman from $26.00 to $25.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, UBS Group reduced their price objective on Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $25.75.

Huntsman Company 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.