Merit Financial Group LLC lifted its holdings in shares of Huntsman Co. (NYSE:HUN - Free Report) by 266.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 80,134 shares of the basic materials company's stock after acquiring an additional 58,250 shares during the quarter. Merit Financial Group LLC's holdings in Huntsman were worth $1,265,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Quadrant Capital Group LLC lifted its position in shares of 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 bought a new position in Huntsman in the 4th quarter valued at approximately $60,000. Versant Capital Management Inc grew its position in shares of Huntsman by 2,388.4% in the 1st quarter. Versant Capital Management Inc now owns 4,081 shares of the basic materials company's stock valued at $64,000 after buying an additional 3,917 shares during the last quarter. Quarry LP bought a new position in Huntsman during the 4th quarter worth approximately $65,000. Finally, Parallel Advisors LLC raised its position in shares of Huntsman by 157.8% in the 1st quarter. Parallel Advisors LLC now owns 4,687 shares of the basic materials company's stock worth $74,000 after acquiring an additional 2,869 shares in the last quarter. 84.81% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research analysts have weighed in on HUN shares. The Goldman Sachs Group dropped their price objective on shares of Huntsman from $19.00 to $13.50 and set a "sell" rating on the stock in a research note on Tuesday, May 6th. Bank of America cut Huntsman from a "buy" rating to a "neutral" rating and reduced their price target for the company from $22.00 to $15.00 in a research report on Tuesday, April 15th. Morgan Stanley lowered their price objective 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. Wells Fargo & Company cut Huntsman from an "overweight" rating to a "reduce" rating in a research note on Monday, May 5th. Finally, UBS Group lowered their price objective on Huntsman from $18.00 to $13.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $15.00.
Get Our Latest Stock Report on Huntsman
Huntsman Stock Performance
HUN stock traded up $0.47 during trading on Tuesday, hitting $12.10. 4,889,869 shares of the company traded hands, compared to its average volume of 2,679,639. The stock's 50-day simple moving average is $12.43 and its 200 day simple moving average is $15.76. The company has a market cap of $2.10 billion, a PE ratio of -11.00 and a beta of 0.72. Huntsman Co. has a 1 year low of $10.75 and a 1 year high of $25.12. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.36 and a quick ratio of 0.83.
Huntsman (NYSE:HUN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The basic materials company reported ($0.11) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.11). The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.51 billion. Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. The firm's revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.06) earnings per share. On average, equities analysts expect that Huntsman Co. will post 0.32 earnings per share for the current fiscal year.
Huntsman Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.27%. The ex-dividend date is Friday, June 13th. Huntsman's dividend payout ratio (DPR) is currently -109.89%.
About Huntsman
(
Free Report)
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.
Recommended Stories
Before you consider Huntsman, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Huntsman wasn't on the list.
While Huntsman currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
