Impala Asset Management LLC Grows Stock Position in Huntsman Corporation $HUN

Key Points

• Impala Asset Management LLC increased its Huntsman stake by 49.8%, acquiring an additional 575,800 shares to hold 1,731,000 shares (about 1.00% of Huntsman) worth $15.54 million, making HUN its fourth-largest position.
• Multiple other institutions — including Qube Research, Norges Bank, SG Americas, Goldman Sachs and Boston Partners — also significantly expanded positions, leaving institutional investors with roughly 84.81% ownership of the stock.
• Analyst sentiment is mixed: MarketBeat shows a consensus "Reduce" rating with an average price target of $12.41 despite some banks raising targets to $14, while Huntsman recently missed EPS estimates and announced a $0.0875 quarterly dividend (about a 2.8% yield).

Impala Asset Management LLC lifted its position in Huntsman Corporation (NYSE:HUN - Free Report) by 49.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,731,000 shares of the basic materials company's stock after acquiring an additional 575,800 shares during the quarter. Huntsman accounts for approximately 10.5% of Impala Asset Management LLC's holdings, making the stock its 4th largest position. Impala Asset Management LLC owned 1.00% of Huntsman worth $15,544,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in HUN. Qube Research & Technologies Ltd bought a new position in Huntsman during the second quarter worth $21,953,000. Norges Bank bought a new position in shares of Huntsman in the 2nd quarter worth about $21,651,000. SG Americas Securities LLC lifted its position in shares of Huntsman by 1,673.4% in the 2nd quarter. SG Americas Securities LLC now owns 1,921,233 shares of the basic materials company's stock worth $20,019,000 after buying an additional 1,812,896 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Huntsman by 97.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,137,285 shares of the basic materials company's stock valued at $33,748,000 after buying an additional 1,052,127 shares during the last quarter. Finally, Boston Partners raised its stake in Huntsman by 657.9% during the second quarter. Boston Partners now owns 982,508 shares of the basic materials company's stock worth $10,102,000 after acquiring an additional 852,877 shares during the period. 84.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HUN has been the subject of a number of research reports. Alembic Global Advisors upgraded Huntsman from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 17th. KeyCorp restated a "sector weight" rating on shares of Huntsman in a research report on Monday, December 22nd. Citigroup upped their price objective on Huntsman from $12.00 to $14.00 and gave the stock a "neutral" rating in a research note on Thursday, February 19th. JPMorgan Chase & Co. cut Huntsman from an "overweight" rating to a "neutral" rating and raised their target price for the company from $11.00 to $14.00 in a research note on Thursday, February 19th. Finally, UBS Group boosted their price target on shares of Huntsman from $12.00 to $14.00 and gave the company a "neutral" rating in a report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Reduce" and an average price target of $12.41.

Huntsman Trading Down 2.6%

NYSE:HUN opened at $12.55 on Friday. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of -7.65 and a beta of 0.66. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.78 and a current ratio of 1.30. Huntsman Corporation has a 1 year low of $7.30 and a 1 year high of $18.08. The business has a fifty day moving average of $11.98 and a 200-day moving average of $10.40.

Huntsman (NYSE:HUN - Get Free Report) last posted its quarterly earnings data on Tuesday, February 17th. The basic materials company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.29) by ($0.08). The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. Huntsman had a negative return on equity of 3.97% and a negative net margin of 5.00%.The business's revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.25) EPS. Equities analysts predict that Huntsman Corporation will post 0.32 earnings per share for the current year.

Huntsman Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a $0.0875 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.35 annualized dividend and a dividend yield of 2.8%. Huntsman's dividend payout ratio (DPR) is -21.34%.

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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