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Cambria Investment Management L.P. increased its holdings in shares of Huntsman Co. (NYSE:HUN – Get Rating) by 3.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 183,690 shares of the basic materials company’s stock after purchasing an additional 5,590 shares during the quarter. Cambria Investment Management L.P. owned approximately 0.09% of Huntsman worth $4,508,000 at the end of the most recent reporting period.
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Several other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. grew its holdings in Huntsman by 0.4% during the 1st quarter. BlackRock Inc. now owns 12,672,792 shares of the basic materials company’s stock valued at $475,358,000 after buying an additional 47,739 shares in the last quarter. LSV Asset Management grew its holdings in Huntsman by 5.7% during the 3rd quarter. LSV Asset Management now owns 7,812,516 shares of the basic materials company’s stock valued at $191,719,000 after buying an additional 418,534 shares in the last quarter. Macquarie Group Ltd. grew its holdings in Huntsman by 1.2% during the 2nd quarter. Macquarie Group Ltd. now owns 5,079,604 shares of the basic materials company’s stock valued at $144,007,000 after buying an additional 58,676 shares in the last quarter. Invesco Ltd. grew its holdings in Huntsman by 69.8% during the 1st quarter. Invesco Ltd. now owns 4,556,712 shares of the basic materials company’s stock valued at $170,921,000 after buying an additional 1,873,388 shares in the last quarter. Finally, State Street Corp grew its holdings in Huntsman by 4.6% during the 1st quarter. State Street Corp now owns 4,300,398 shares of the basic materials company’s stock valued at $161,308,000 after buying an additional 190,421 shares in the last quarter. Hedge funds and other institutional investors own 87.57% of the company’s stock.
Huntsman Stock Down 0.8 %
Shares of Huntsman stock traded down $0.28 during trading on Friday, reaching $32.97. The company’s stock had a trading volume of 65,179 shares, compared to its average volume of 1,645,164. Huntsman Co. has a 1-year low of $23.53 and a 1-year high of $41.65. The company has a 50-day simple moving average of $29.24 and a two-hundred day simple moving average of $28.14. The company has a quick ratio of 1.33, a current ratio of 2.00 and a debt-to-equity ratio of 0.37. The company has a market cap of $6.33 billion, a price-to-earnings ratio of 6.19, a P/E/G ratio of 2.15 and a beta of 1.15.
Huntsman (NYSE:HUN – Get Rating) last issued its quarterly earnings results on Friday, November 4th. The basic materials company reported $0.71 earnings per share for the quarter, hitting the consensus estimate of $0.71. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. Huntsman had a return on equity of 19.94% and a net margin of 12.66%. The company’s quarterly revenue was down 12.0% on a year-over-year basis. During the same quarter last year, the company earned $1.08 earnings per share. As a group, equities analysts forecast that Huntsman Co. will post 3.33 earnings per share for the current year.
Huntsman Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Thursday, December 15th were paid a dividend of $0.2125 per share. The ex-dividend date was Wednesday, December 14th. This represents a $0.85 dividend on an annualized basis and a yield of 2.58%. Huntsman’s payout ratio is 15.83%.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the company. The Goldman Sachs Group raised their price target on Huntsman from $25.00 to $28.00 and gave the company a “sell” rating in a report on Thursday, December 15th. Deutsche Bank Aktiengesellschaft lowered Huntsman from a “buy” rating to a “hold” rating and raised their price objective for the company from $31.00 to $33.00 in a research note on Monday, January 16th. StockNews.com lowered Huntsman from a “buy” rating to a “hold” rating in a research note on Monday, November 7th. Scotiabank lowered Huntsman from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the company from $36.00 to $30.00 in a research note on Monday, November 7th. Finally, Credit Suisse Group raised their price objective on Huntsman from $30.00 to $33.00 and gave the company an “outperform” rating in a research note on Friday, December 9th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Huntsman currently has an average rating of “Hold” and a consensus target price of $34.80.
Huntsman Corp. engages in the manufacturing of differentiated organic chemical products. It operates through the following segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment manufactures and markets polyurethane chemicals, including MDI products, PO, polyols, PG, TPU, aniline, and MTBE.
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