Norges Bank bought a new position in shares of Huntsman Co. (NYSE:HUN) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,101,473 shares of the company’s stock, valued at approximately $40,096,000. Norges Bank owned about 0.88% of Huntsman at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Acrospire Investment Management LLC purchased a new stake in shares of Huntsman during the third quarter worth about $109,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Huntsman during the third quarter worth about $151,000. Bayesian Capital Management LP purchased a new stake in shares of Huntsman during the fourth quarter worth about $197,000. Creative Planning raised its stake in shares of Huntsman by 24.8% in the third quarter. Creative Planning now owns 10,325 shares of the company’s stock worth $168,000 after buying an additional 2,055 shares in the last quarter. Finally, Brinker Capital Inc. purchased a new stake in shares of Huntsman during the third quarter worth about $173,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.
Huntsman Co. (NYSE:HUN) opened at 22.65 on Friday. The firm has a 50-day moving average price of $21.97 and a 200-day moving average price of $19.08. Huntsman Co. has a 1-year low of $12.40 and a 1-year high of $23.40. The company has a market capitalization of $5.40 billion, a P/E ratio of 16.62 and a beta of 2.61.
Huntsman (NYSE:HUN) last announced its earnings results on Wednesday, February 15th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.24 by $0.06. Huntsman had a return on equity of 25.26% and a net margin of 2.11%. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same quarter in the prior year, the company earned $0.51 EPS. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, analysts forecast that Huntsman Co. will post $1.82 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Wednesday, March 15th will be given a dividend of $0.125 per share. The ex-dividend date is Monday, March 13th. This represents a $0.50 annualized dividend and a dividend yield of 2.21%. Huntsman’s payout ratio is 58.82%.
A number of equities research analysts recently issued reports on the company. Zacks Investment Research raised Huntsman from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 13th. Goldman Sachs Group Inc lowered Huntsman from a “buy” rating to a “neutral” rating and lifted their target price for the company from $20.51 to $23.00 in a research report on Monday, December 12th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Huntsman currently has an average rating of “Buy” and an average target price of $18.80.
In related news, VP Russell R. Stolle sold 7,511 shares of the company’s stock in a transaction dated Friday, January 13th. The stock was sold at an average price of $20.30, for a total transaction of $152,473.30. Following the sale, the vice president now owns 87,410 shares in the company, valued at approximately $1,774,423. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Russell R. Stolle sold 59,361 shares of the company’s stock in a transaction dated Thursday, January 26th. The shares were sold at an average price of $21.42, for a total value of $1,271,512.62. Following the sale, the vice president now owns 113,098 shares in the company, valued at approximately $2,422,559.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 111,137 shares of company stock worth $2,375,683. 19.68% of the stock is owned by corporate insiders.
Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company operates all of its businesses through its subsidiary, Huntsman International LLC (Huntsman International). The Company operates through five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
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