Huntleigh Advisors Inc. Takes $615,000 Position in Huntsman Corporation $HUN

Key Points

• Huntleigh Advisors Inc. invested approximately $615,000 in Huntsman Corporation by purchasing 59,043 shares, marking a significant addition to their portfolio during the second quarter.
• Recent analyst ratings on Huntsman stock have been largely negative, with multiple firms reducing their target prices, leading to a consensus average target of $10.90.
• Huntsman Corporation reported a negative EPS of $0.20 for the last quarter, missing estimates and demonstrating a 7.4% year-over-year revenue decline.

Huntleigh Advisors Inc. purchased a new position in shares of Huntsman Corporation (NYSE:HUN - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 59,043 shares of the basic materials company's stock, valued at approximately $615,000.

A number of other institutional investors have also recently added to or reduced their stakes in HUN. Yousif Capital Management LLC grew its stake in shares of Huntsman by 9.7% during the first quarter. Yousif Capital Management LLC now owns 11,004 shares of the basic materials company's stock valued at $174,000 after acquiring an additional 972 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Huntsman by 898.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 167,206 shares of the basic materials company's stock valued at $2,640,000 after purchasing an additional 150,461 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in Huntsman by 2.1% during the 1st quarter. Oppenheimer & Co. Inc. now owns 83,184 shares of the basic materials company's stock valued at $1,313,000 after purchasing an additional 1,704 shares in the last quarter. Diversified Trust Co acquired a new stake in Huntsman during the 1st quarter valued at approximately $169,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in Huntsman by 12.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 132,516 shares of the basic materials company's stock worth $2,096,000 after purchasing an additional 14,812 shares during the last quarter. Institutional investors and hedge funds own 84.81% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on HUN shares. Bank of America reiterated an "underperform" rating and set a $8.00 target price (down from $9.00) on shares of Huntsman in a research note on Tuesday. Weiss Ratings reiterated a "sell (d)" rating on shares of Huntsman in a research note on Wednesday, October 8th. Mizuho decreased their price objective on shares of Huntsman from $9.00 to $8.00 and set an "underperform" rating for the company in a report on Friday, October 3rd. Citigroup dropped their target price on shares of Huntsman from $9.00 to $8.50 and set a "neutral" rating for the company in a research report on Thursday, October 2nd. Finally, Jefferies Financial Group reduced their price target on shares of Huntsman from $15.00 to $14.00 and set a "buy" rating on the stock in a research report on Wednesday, September 10th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat, Huntsman presently has an average rating of "Reduce" and a consensus price target of $10.90.

Huntsman Stock Down 2.3%

HUN stock opened at $8.21 on Friday. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of -4.21 and a beta of 0.64. Huntsman Corporation has a 1-year low of $7.74 and a 1-year high of $23.73. The firm has a fifty day moving average price of $9.91 and a two-hundred day moving average price of $11.10. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.43 and a quick ratio of 0.85.

Huntsman (NYSE:HUN - Get Free Report) last posted its quarterly earnings results 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). Huntsman had a negative net margin of 5.75% and a negative return on equity of 2.48%. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period last year, the firm posted $0.14 earnings per share. The company's quarterly revenue was down 7.4% on a year-over-year basis. Research analysts predict that Huntsman Corporation will post 0.32 EPS for the current year.

Huntsman Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.00 annualized dividend and a dividend yield of 12.2%. Huntsman's dividend payout ratio (DPR) is -51.28%.

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.

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