Huntsman (NYSE:HUN) Reaches New 12-Month Low at $19.91

Shares of Huntsman Co. (NYSE:HUN) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $19.91 and last traded at $19.95, with a volume of 118406 shares trading hands. The stock had previously closed at $20.02.

Analyst Ratings Changes

Several research firms have weighed in on HUN. Royal Bank of Canada dropped their price target on Huntsman from $30.00 to $21.00 and set a “sector perform” rating for the company in a research report on Thursday, August 8th. Citigroup cut their price objective on shares of Huntsman from $26.00 to $24.00 and set a “neutral” rating on the stock in a report on Thursday, June 27th. JPMorgan Chase & Co. reduced their target price on Huntsman from $27.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, August 7th. Wells Fargo & Company dropped their target price on shares of Huntsman from $28.00 to $26.00 and set an “overweight” rating for the company in a research report on Wednesday, August 7th. Finally, UBS Group decreased their price objective on shares of Huntsman from $23.00 to $22.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $25.56.

Huntsman Stock Performance

The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of -40.17 and a beta of 1.01. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.98 and a current ratio of 1.55. The stock’s fifty day moving average is $22.69 and its two-hundred day moving average is $24.12.

Huntsman (NYSE:HUN) last released its quarterly earnings results on Monday, August 5th. The basic materials company reported $0.14 EPS for the quarter, hitting the consensus estimate of $0.14. Huntsman had a positive return on equity of 0.67% and a negative net margin of 1.49%. The business had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter in the previous year, the firm posted $0.22 earnings per share. The company’s revenue was down 1.4% compared to the same quarter last year. Analysts forecast that Huntsman Co. will post 0.33 earnings per share for the current year.

Huntsman Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, September 13th. This represents a $1.00 dividend on an annualized basis and a yield of 4.80%. Huntsman’s dividend payout ratio (DPR) is -192.31%.

Hedge Funds Weigh In On Huntsman

A number of hedge funds have recently bought and sold shares of HUN. 1832 Asset Management L.P. increased its stake in Huntsman by 753.2% during the first 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 purchasing an additional 2,531,800 shares during the last quarter. Norges Bank bought a new position in Huntsman in the 4th quarter worth about $43,761,000. Victory Capital Management Inc. grew its holdings in Huntsman by 6,496.8% in the 4th quarter. Victory Capital Management Inc. now owns 1,457,882 shares of the basic materials company’s stock worth $36,637,000 after buying an additional 1,435,782 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Huntsman by 75.9% during the fourth quarter. Wellington Management Group LLP now owns 3,151,535 shares of the basic materials company’s stock valued at $79,198,000 after purchasing an additional 1,359,437 shares during the period. Finally, AQR Capital Management LLC raised its stake in shares of Huntsman by 383.0% during the second quarter. AQR Capital Management LLC now owns 1,417,641 shares of the basic materials company’s stock valued at $32,138,000 after purchasing an additional 1,124,113 shares in the last quarter. 84.81% of the stock is currently owned by institutional investors and hedge funds.

About Huntsman

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.