171,365 Shares in Huntsman Co. (NYSE:HUN) Acquired by Appian Way Asset Management LP

Appian Way Asset Management LP purchased a new position in Huntsman Co. (NYSE:HUN) during the third quarter, Holdings Channel reports. The fund purchased 171,365 shares of the basic materials company’s stock, valued at approximately $4,147,000. Huntsman makes up about 0.9% of Appian Way Asset Management LP’s investment portfolio, making the stock its 23rd biggest position.

A number of other institutional investors have also recently made changes to their positions in HUN. Boston Partners purchased a new stake in Huntsman during the 1st quarter valued at $793,000. CWM LLC boosted its position in Huntsman by 1,273.8% during the 2nd quarter. CWM LLC now owns 10,015 shares of the basic materials company’s stock valued at $228,000 after buying an additional 9,286 shares during the period. Linden Thomas Advisory Services LLC purchased a new stake in Huntsman during the 2nd quarter valued at $500,000. Butensky & Cohen Financial Security Inc. boosted its position in Huntsman by 0.3% during the 2nd quarter. Butensky & Cohen Financial Security Inc. now owns 152,577 shares of the basic materials company’s stock valued at $3,474,000 after buying an additional 483 shares during the period. Finally, Twelve Points Wealth Management LLC boosted its position in Huntsman by 25.2% during the 2nd quarter. Twelve Points Wealth Management LLC now owns 52,792 shares of the basic materials company’s stock valued at $1,202,000 after buying an additional 10,624 shares during the period. Institutional investors own 84.81% of the company’s stock.

Huntsman Price Performance

Shares of Huntsman stock opened at $19.58 on Friday. The firm has a market cap of $3.39 billion, a price-to-earnings ratio of -28.38 and a beta of 1.02. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.47 and a quick ratio of 0.83. Huntsman Co. has a 1 year low of $19.11 and a 1 year high of $27.01. The company has a 50-day moving average of $21.98 and a 200 day moving average of $22.50.

Huntsman (NYSE:HUN) last issued its earnings results on Monday, November 4th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Huntsman had a negative net margin of 1.99% and a negative return on equity of 0.03%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.15 earnings per share. As a group, sell-side analysts anticipate that Huntsman Co. will post 0.09 earnings per share for the current fiscal 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 issued a dividend of $0.25 per share. The ex-dividend date is Friday, December 13th. This represents a $1.00 annualized dividend and a dividend yield of 5.11%. Huntsman’s payout ratio is -144.93%.

Wall Street Analyst Weigh In

HUN has been the subject of several analyst reports. Wells Fargo & Company dropped their price target on shares of Huntsman from $26.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday, November 6th. UBS Group dropped their price target on shares of Huntsman from $24.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Royal Bank of Canada increased their price target on shares of Huntsman from $21.00 to $24.00 and gave the company a “sector perform” rating in a research report on Friday, October 11th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Huntsman from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $25.75.

Insider Activity

In related news, Director Mary C. Beckerle sold 20,201 shares of the business’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 transaction of $432,705.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.60% of the stock is owned by corporate insiders.

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.