Huntsman Corporation (NYSE:HUN) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Huntsman has a consensus “Hold” rating from 15 brokerages, with three sell ratings, ten holds, one buy and one strong buy. The average 12-month price target is $12.50, though several analysts recently lowered their targets.
• CEO Peter Huntsman purchased 100,000 shares for approximately $981,000, while institutional investors own 84.81% of the company’s stock.
• Huntsman shares opened at $9.62, below their 50-day and 200-day moving averages, and the company announced a quarterly dividend of $0.0875 per share, representing a 3.6% annualized yield.

Huntsman Corporation (NYSE:HUN - Get Free Report) has earned a consensus rating of "Hold" from the fifteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $12.50.

A number of brokerages have commented on HUN. The Goldman Sachs Group set a $12.00 price objective on shares of Huntsman in a report on Thursday, July 16th. Wells Fargo & Company reduced their target price on shares of Huntsman from $14.00 to $11.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 4th. Weiss Ratings cut shares of Huntsman from a "sell (d)" rating to a "sell (d-)" rating in a research note on Monday, August 3rd. UBS Group dropped their price objective on shares of Huntsman from $11.00 to $10.00 and set a "neutral" rating for the company in a research report on Monday, August 3rd. Finally, Bank of America increased their price objective on Huntsman from $10.00 to $11.00 and gave the company an "underperform" rating in a research report on Tuesday, June 30th.

Insider Transactions at Huntsman

In other Huntsman news, CEO Peter R. Huntsman bought 100,000 shares of the business's stock in a transaction on Monday, August 3rd. The shares were bought at an average cost of $9.81 per share, for a total transaction of $981,000.00. Following the transaction, the chief executive officer owned 7,256,341 shares in the company, valued at approximately $71,184,705.21. This trade represents a 1.40% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 6.80% of the company's stock.

Institutional Investors Weigh In On Huntsman

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of Huntsman during the 2nd quarter valued at $193,750,000. Pzena Investment Management LLC bought a new position in shares of Huntsman in the 2nd quarter worth $54,817,000. UBS Group AG boosted its position in shares of Huntsman by 83.5% in the 3rd quarter. UBS Group AG now owns 7,364,206 shares of the basic materials company's stock worth $66,131,000 after purchasing an additional 3,351,265 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Huntsman by 29.8% during the third quarter. AQR Capital Management LLC now owns 12,062,972 shares of the basic materials company's stock worth $106,878,000 after purchasing an additional 2,772,563 shares during the period. Finally, Two Sigma Investments LP increased its holdings in Huntsman by 476.5% in the third quarter. Two Sigma Investments LP now owns 2,841,510 shares of the basic materials company's stock valued at $25,517,000 after purchasing an additional 2,348,598 shares during the last quarter. 84.81% of the stock is owned by institutional investors.

Huntsman Stock Performance

Shares of NYSE:HUN opened at $9.62 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.33 and a quick ratio of 0.78. The business's fifty day moving average price is $10.74 and its two-hundred day moving average price is $12.40. Huntsman has a fifty-two week low of $7.30 and a fifty-two week high of $16.08. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of -9.25 and a beta of 0.70.

Huntsman Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.0875 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Tuesday, September 15th. Huntsman's dividend payout ratio (DPR) is presently -33.65%.

About Huntsman

Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.

The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.

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