AMG National Trust Bank Grows Stock Holdings in Huntsman Corporation (NYSE:HUN)

AMG National Trust Bank grew its position in Huntsman Corporation (NYSE:HUN - Free Report) by 167.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,925 shares of the basic materials company's stock after acquiring an additional 67,568 shares during the period. AMG National Trust Bank owned about 0.06% of Huntsman worth $1,704,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Hexagon Capital Partners LLC boosted its position in shares of Huntsman by 177.9% in the first quarter. Hexagon Capital Partners LLC now owns 2,179 shares of the basic materials company's stock valued at $34,000 after acquiring an additional 1,395 shares during the period. Quadrant Capital Group LLC lifted its stake in Huntsman by 74.9% during the 4th quarter. Quadrant Capital Group LLC now owns 2,232 shares of the basic materials company's stock valued at $40,000 after acquiring an additional 956 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in shares of Huntsman during the 4th quarter valued at about $60,000. Versant Capital Management Inc boosted its position in shares of 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 acquiring an additional 3,917 shares during the last quarter. Finally, Quarry LP bought a new stake in shares of Huntsman during the fourth quarter worth $65,000. Institutional investors own 84.81% of the company's stock.

Huntsman Price Performance

NYSE:HUN traded up $0.27 during trading hours on Tuesday, hitting $11.84. The company's stock had a trading volume of 2,619,084 shares, compared to its average volume of 3,687,643. The company has a market capitalization of $2.06 billion, a PE ratio of -13.01 and a beta of 0.70. Huntsman Corporation has a 52-week low of $10.13 and a 52-week high of $25.12. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.82 and a current ratio of 1.48. The business's 50-day moving average is $11.36 and its two-hundred day moving average is $14.18.

Huntsman (NYSE:HUN - Get Free Report) last announced its earnings results on Thursday, May 1st. The basic materials company reported ($0.11) earnings per share for the quarter, meeting the consensus estimate of ($0.11). Huntsman had a negative return on equity of 0.65% and a negative net margin of 2.63%. The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the company earned ($0.06) EPS. The firm's revenue for the quarter was down 4.1% compared to the same quarter last year. As a group, research analysts anticipate that Huntsman Corporation will post 0.32 EPS for the current fiscal year.

Huntsman Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.45%. The ex-dividend date was Friday, June 13th. Huntsman's dividend payout ratio is presently -109.89%.

Analyst Ratings Changes

Several brokerages have issued reports on HUN. Citigroup restated a "neutral" rating and issued a $11.00 target price (down from $12.00) on shares of Huntsman in a report on Thursday, July 10th. Mizuho lowered their price objective on Huntsman from $14.00 to $11.00 and set a "neutral" rating for the company in a research report on Tuesday, July 15th. Royal Bank Of Canada cut their target price on Huntsman from $15.00 to $12.00 and set a "sector perform" rating for the company in a research report on Monday, May 5th. Morgan Stanley lowered their price target on Huntsman from $20.00 to $13.50 and set an "equal weight" rating on the stock in a research report on Monday, May 5th. Finally, Bank of America lowered shares of Huntsman from a "buy" rating to a "neutral" rating and lowered their price target for the company from $22.00 to $15.00 in a report on Tuesday, April 15th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $13.17.

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.