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 company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $21.42, for a total value of $432,705.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Huntsman Price Performance

NYSE:HUN traded down $0.85 during midday trading on Friday, hitting $20.29. The company had a trading volume of 3,153,519 shares, compared to its average volume of 1,906,878. The stock’s fifty day moving average price is $22.71 and its 200-day moving average price is $23.03. The company has a quick ratio of 0.77, a current ratio of 1.30 and a debt-to-equity ratio of 0.40. Huntsman Co. has a 52-week low of $19.90 and a 52-week high of $27.01. The company has a market capitalization of $3.51 billion, a PE ratio of -29.54 and a beta of 1.02.

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

Huntsman Announces Dividend

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

Institutional Investors Weigh In On Huntsman

Several hedge funds and other institutional investors have recently modified their holdings of HUN. Butensky & Cohen Financial Security Inc. lifted its position in Huntsman by 0.3% during the second quarter. Butensky & Cohen Financial Security Inc. now owns 152,577 shares of the basic materials company’s stock valued at $3,474,000 after acquiring an additional 483 shares during the last quarter. William Blair Investment Management LLC lifted its position in Huntsman by 4.0% during the first quarter. William Blair Investment Management LLC now owns 17,131 shares of the basic materials company’s stock valued at $446,000 after purchasing an additional 653 shares during the period. Seven Eight Capital LP boosted its stake in shares of Huntsman by 3.3% in the second quarter. Seven Eight Capital LP now owns 24,568 shares of the basic materials company’s stock worth $559,000 after buying an additional 795 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Huntsman by 2.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,771 shares of the basic materials company’s stock worth $951,000 after purchasing an additional 863 shares during the period. Finally, Matrix Trust Co purchased a new position in Huntsman in the third quarter valued at $25,000. 84.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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