Fuller & Thaler Asset Management Inc. Acquires 92,664 Shares of Huntsman Corporation $HUN

Key Points

• Fuller & Thaler Asset Management Inc. increased its stake in Huntsman Corporation by 77.1%, acquiring an additional 92,664 shares worth approximately $3.36 million.
• Several other institutional investors also boosted their holdings in Huntsman, with Quantbot Technologies LP increasing theirs by 243.8% in the first quarter.
• Huntsman Corporation recently announced a quarterly dividend of $0.25 per share, reflecting an annualized yield of 9.7% for investors.

Fuller & Thaler Asset Management Inc. boosted its position in Huntsman Corporation (NYSE:HUN - Free Report) by 77.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 212,914 shares of the basic materials company's stock after purchasing an additional 92,664 shares during the period. Fuller & Thaler Asset Management Inc. owned about 0.12% of Huntsman worth $3,362,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Nomura Holdings Inc. lifted its position in shares of Huntsman by 188.3% during the 4th quarter. Nomura Holdings Inc. now owns 3,269,000 shares of the basic materials company's stock valued at $58,940,000 after buying an additional 2,135,000 shares in the last quarter. Deprince Race & Zollo Inc. lifted its position in shares of Huntsman by 70.2% during the 4th quarter. Deprince Race & Zollo Inc. now owns 2,762,907 shares of the basic materials company's stock valued at $49,815,000 after buying an additional 1,139,549 shares in the last quarter. Nuveen LLC purchased a new position in shares of Huntsman during the 1st quarter valued at about $13,181,000. Jefferies Financial Group Inc. lifted its position in shares of Huntsman by 4,078.9% during the 4th quarter. Jefferies Financial Group Inc. now owns 500,000 shares of the basic materials company's stock valued at $9,015,000 after buying an additional 488,035 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Huntsman by 7.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,105,566 shares of the basic materials company's stock valued at $96,407,000 after buying an additional 419,009 shares in the last quarter. 84.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HUN has been the topic of a number of analyst reports. Mizuho lowered their price objective on Huntsman from $14.00 to $11.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 15th. Morgan Stanley decreased their target price on Huntsman from $20.00 to $13.50 and set an "equal weight" rating on the stock in a research note on Monday, May 5th. The Goldman Sachs Group decreased their target price on Huntsman from $12.00 to $10.00 and set a "sell" rating on the stock in a research note on Thursday, August 7th. Citigroup decreased 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, JPMorgan Chase & Co. reduced their price objective on Huntsman from $22.00 to $20.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $12.06.

Huntsman Trading Down 0.0%

Shares of NYSE HUN traded down $0.0050 during trading hours on Monday, hitting $10.9650. 2,146,129 shares of the company traded hands, compared to its average volume of 3,920,861. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of -5.62 and a beta of 0.70. The company has a current ratio of 1.43, a quick ratio of 0.85 and a debt-to-equity ratio of 0.54. The company's 50 day moving average price is $10.57 and its 200 day moving average price is $12.98. Huntsman Corporation has a 12 month low of $8.91 and a 12 month high of $25.12.

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

Huntsman Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.00 annualized dividend and a dividend yield of 9.1%. Huntsman's payout ratio is currently -51.28%.

About Huntsman

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.