Focus Partners Advisor Solutions LLC Buys Shares of 37,770 Huntsman Corporation $HUN

Key Points

• Focus Partners Advisor Solutions LLC acquired 37,770 shares of Huntsman Corporation, valued at approximately $596,000, marking a new investment during the first quarter.
• Several hedge funds, including Charles Schwab and Invesco, reported increases in their stakes in Huntsman, with institutional investors owning 84.81% of the company's stock.
• After missing earnings estimates and experiencing a revenue decline, Huntsman announced a quarterly dividend of $0.25 per share, with an annualized yield of 9.1%.

Focus Partners Advisor Solutions LLC bought a new position in shares of Huntsman Corporation (NYSE:HUN - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 37,770 shares of the basic materials company's stock, valued at approximately $596,000.

Other large investors have also added to or reduced their stakes in the company. Hexagon Capital Partners LLC grew its stake in Huntsman by 177.9% during the 1st quarter. Hexagon Capital Partners LLC now owns 2,179 shares of the basic materials company's stock valued at $34,000 after purchasing an additional 1,395 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in Huntsman by 1,717.9% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 3,254 shares of the basic materials company's stock valued at $51,000 after purchasing an additional 3,075 shares during the last quarter. Zions Bancorporation National Association UT purchased a new stake in Huntsman during the 1st quarter valued at about $53,000. Strengthening Families & Communities LLC grew its stake in Huntsman by 1,966.7% during the 1st quarter. Strengthening Families & Communities LLC now owns 3,906 shares of the basic materials company's stock valued at $62,000 after purchasing an additional 3,717 shares during the last quarter. Finally, Versant Capital Management Inc grew its stake in Huntsman by 2,388.4% during the 1st quarter. Versant Capital Management Inc now owns 4,081 shares of the basic materials company's stock valued at $64,000 after purchasing an additional 3,917 shares during the last quarter. Hedge funds and other institutional investors own 84.81% of the company's stock.

Huntsman Stock Performance

Shares of HUN traded up $0.16 during mid-day trading on Friday, reaching $11.19. The company had a trading volume of 4,356,271 shares, compared to its average volume of 3,774,349. The stock has a market capitalization of $1.94 billion, a P/E ratio of -5.74 and a beta of 0.64. The stock has a 50 day moving average of $10.67 and a two-hundred day moving average of $12.55. The company has a quick ratio of 0.85, a current ratio of 1.43 and a debt-to-equity ratio of 0.54. Huntsman Corporation has a 52-week low of $8.91 and a 52-week high of $25.12.

Huntsman (NYSE:HUN - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The basic materials company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.05). The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.51 billion. Huntsman had a negative net margin of 5.75% and a negative return on equity of 2.48%. The firm's revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.14 earnings per share. On average, analysts expect that Huntsman Corporation will post 0.32 earnings per share for the current year.

Huntsman Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 8.9%. The ex-dividend date of this dividend is Monday, September 15th. Huntsman's dividend payout ratio is presently -51.28%.

Analyst Ratings Changes

HUN has been the topic of several research analyst reports. Royal Bank Of Canada dropped their price target on Huntsman from $12.00 to $10.00 and set a "sector perform" rating on the stock in a research note on Monday, August 4th. Mizuho dropped their price target on Huntsman from $14.00 to $11.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 15th. Wells Fargo & Company lowered their target price on Huntsman from $13.00 to $9.00 and set an "equal weight" rating on the stock in a research note on Tuesday, August 5th. Citigroup lowered their target price on Huntsman from $11.00 to $9.00 and set a "neutral" rating on the stock in a research note on Monday, August 4th. Finally, UBS Group lowered their target price on Huntsman from $13.00 to $11.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 9th. One research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Huntsman currently has a consensus rating of "Hold" and a consensus target price of $12.06.

Huntsman 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.