Investors Research Corp Acquires 38,950 Shares of Huntsman Corporation $HUN

Key Points

• Investors Research Corp increased its stake in Huntsman Corporation by 140.8% during the 2nd quarter, acquiring an additional 38,950 shares to hold a total of 66,604 shares valued at approximately $694,000.
• Several institutional investors, including AQR Capital Management and Goldman Sachs, significantly increased their stakes in Huntsman, indicating a growing interest in the company amidst market volatility.
• Huntsman Corporation recently announced a quarterly dividend of $0.25, representing a yield of 9.2%, despite experiencing a negative net margin and lower year-over-year revenue.

Investors Research Corp grew its holdings in Huntsman Corporation (NYSE:HUN - Free Report) by 140.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,604 shares of the basic materials company's stock after acquiring an additional 38,950 shares during the period. Investors Research Corp's holdings in Huntsman were worth $694,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in HUN. AQR Capital Management LLC raised its stake in Huntsman by 345.7% during the 1st quarter. AQR Capital Management LLC now owns 9,926,971 shares of the basic materials company's stock valued at $151,982,000 after purchasing an additional 7,699,922 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Huntsman by 97.0% during the first 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. Nuveen LLC purchased a new position in shares of Huntsman in the first quarter worth $13,181,000. Cubist Systematic Strategies LLC boosted its position in shares of Huntsman by 1,642.1% during the first quarter. Cubist Systematic Strategies LLC now owns 749,158 shares of the basic materials company's stock worth $11,829,000 after acquiring an additional 706,155 shares during the last quarter. Finally, Ieq Capital LLC boosted its position in shares of Huntsman by 732.1% during the first quarter. Ieq Capital LLC now owns 659,310 shares of the basic materials company's stock worth $10,410,000 after acquiring an additional 580,080 shares during the last quarter. Hedge funds and other institutional investors own 84.81% of the company's stock.

Wall Street Analyst Weigh In

HUN has been the topic of several research analyst reports. Royal Bank Of Canada decreased their price target on shares of Huntsman from $12.00 to $10.00 and set a "sector perform" rating on the stock in a research note on Monday, August 4th. Wall Street Zen downgraded Huntsman from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. UBS Group dropped their price target on Huntsman from $13.00 to $11.00 and set a "neutral" rating for the company in a research note on Wednesday, July 9th. Wells Fargo & Company reduced their price objective 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. Finally, The Goldman Sachs Group decreased their price objective on Huntsman from $12.00 to $10.00 and set a "sell" rating on the stock in a report on Thursday, August 7th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $12.05.

Huntsman Price Performance

NYSE:HUN opened at $10.91 on Friday. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of -5.59 and a beta of 0.65. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.43 and a quick ratio of 0.85. The business has a 50 day simple moving average of $10.68 and a 200-day simple moving average of $12.36. Huntsman Corporation has a 1 year low of $8.91 and a 1 year high of $25.12.

Huntsman (NYSE:HUN - Get Free Report) last released its quarterly 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 analysts' expectations 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 quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.14 EPS. Equities analysts forecast that Huntsman Corporation will post 0.32 EPS for the current year.

Huntsman Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 9.2%. The ex-dividend date is Monday, September 15th. Huntsman's dividend payout ratio (DPR) is -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.

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