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

Huntsman Co. (NYSE:HUN) Director Mary C. Beckerle sold 20,201 shares of the stock in a transaction on Wednesday, November 6th. The shares were 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 can be accessed through this link.

Huntsman Price Performance

HUN stock traded down $0.85 during midday trading on Friday, reaching $20.29. The company had a trading volume of 3,153,519 shares, compared to its average volume of 1,906,878. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.30 and a quick ratio of 0.77. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of -29.54 and a beta of 1.02. The stock has a 50 day moving average price of $22.71 and a 200-day moving average price of $23.03. Huntsman Co. has a 1-year low of $19.90 and a 1-year high of $27.01.

Huntsman (NYSE:HUN) last issued its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.55 billion. Huntsman had a negative return on equity of 0.03% and a negative net margin of 1.99%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.15 EPS. Equities research analysts expect that Huntsman Co. will post 0.19 earnings per share for the current year.

Huntsman Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.93%. Huntsman’s dividend payout ratio (DPR) is -144.93%.

Institutional Trading of Huntsman

Institutional investors have recently bought and sold shares of the company. 1832 Asset Management L.P. lifted its position in shares of Huntsman by 753.2% during the 1st quarter. 1832 Asset Management L.P. now owns 2,867,920 shares of the basic materials company’s stock valued at $74,652,000 after acquiring an additional 2,531,800 shares during the period. AQR Capital Management LLC grew its stake in shares of Huntsman by 383.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,417,641 shares of the basic materials company’s stock valued at $32,138,000 after buying an additional 1,124,113 shares during the period. Victory Capital Management Inc. increased its position in Huntsman by 52.4% in the 2nd quarter. Victory Capital Management Inc. now owns 2,358,390 shares of the basic materials company’s stock valued at $53,701,000 after buying an additional 811,099 shares in the last quarter. SG Americas Securities LLC acquired a new position in Huntsman during the 1st quarter worth approximately $10,523,000. Finally, Marshall Wace LLP boosted its holdings in Huntsman by 45.0% in the second quarter. Marshall Wace LLP now owns 1,213,629 shares of the basic materials company’s stock worth $27,634,000 after acquiring an additional 376,423 shares in the last quarter. Institutional investors own 84.81% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on HUN. Wells Fargo & Company cut their price objective on Huntsman from $26.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday. Royal Bank of Canada increased their price objective on Huntsman from $21.00 to $24.00 and gave the stock a “sector perform” rating in a report on Friday, October 11th. JPMorgan Chase & Co. reduced their target price on Huntsman from $27.00 to $25.00 and set an “overweight” rating for the company in a report on Wednesday, August 7th. Finally, UBS Group cut their price objective on Huntsman from $24.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target 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.