Huntsman Corporation (NYSE:HUN - Get Free Report) CEO Peter Huntsman bought 100,000 shares of the stock in a transaction dated Monday, August 3rd. The shares were bought at an average cost of $9.81 per share, with a total value of $981,000.00. Following the completion of the purchase, the chief executive officer directly owned 7,256,341 shares of the company's stock, valued at approximately $71,184,705.21. This trade represents a 1.40% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Huntsman Trading Up 2.7%
HUN stock opened at $10.02 on Tuesday. Huntsman Corporation has a 12 month low of $7.30 and a 12 month high of $16.08. The firm's 50-day moving average is $12.57 and its 200 day moving average is $12.80. The company has a market capitalization of $1.76 billion, a PE ratio of -9.63 and a beta of 0.69. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.27 and a quick ratio of 0.75.
Huntsman Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.0875 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 3.5%. Huntsman's dividend payout ratio (DPR) is -33.65%.
Institutional Investors Weigh In On Huntsman
Several hedge funds have recently modified their holdings of HUN. Versant Capital Management Inc increased its holdings in Huntsman by 166.7% during the second quarter. Versant Capital Management Inc now owns 2,672 shares of the basic materials company's stock valued at $28,000 after buying an additional 1,670 shares during the period. Advisory Services Network LLC purchased a new stake in Huntsman during the third quarter worth $58,000. Caitong International Asset Management Co. Ltd lifted its holdings in Huntsman by 121.7% during the third quarter. Caitong International Asset Management Co. Ltd now owns 6,751 shares of the basic materials company's stock worth $61,000 after buying an additional 3,706 shares during the period. Parkside Financial Bank & Trust boosted its position in Huntsman by 1,005.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 6,514 shares of the basic materials company's stock valued at $65,000 after acquiring an additional 5,925 shares in the last quarter. Finally, Platinum Investment Management Ltd. purchased a new position in shares of Huntsman in the 4th quarter valued at $68,000. Hedge funds and other institutional investors own 84.81% of the company's stock.
Wall Street Analysts Forecast Growth
HUN has been the subject of a number of research reports. Wells Fargo & Company boosted their price target on Huntsman from $12.00 to $14.00 and gave the company an "equal weight" rating in a report on Tuesday, May 5th. UBS Group reduced their price objective on Huntsman from $11.00 to $10.00 and set a "neutral" rating on the stock in a report on Monday. Royal Bank Of Canada decreased their target price on Huntsman from $11.00 to $10.00 and set a "sector perform" rating for the company in a research report on Monday. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $15.00 target price on shares of Huntsman in a report on Tuesday, May 19th. Finally, The Goldman Sachs Group set a $12.00 price target on Huntsman in a research report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Huntsman currently has an average rating of "Hold" and an average target price of $13.08.
View Our Latest Analysis on HUN
About Huntsman
(
Get Free Report)
Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.
The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.
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