Nuveen LLC Buys New Shares in Huntsman Corporation $HUN

Key Points

• Nuveen LLC recently invested approximately $13.18 million in Huntsman Corporation, acquiring a stake of 834,768 shares during the first quarter.
• Huntsman has experienced a downgrade from several analysts, reducing price targets and ratings, with most recent targets dropping to a range between $9.00 and $11.00.
• The company is set to pay a quarterly dividend of $0.25 per share on September 30, giving it a dividend yield of 9.8%.

Nuveen LLC acquired a new stake in Huntsman Corporation (NYSE:HUN - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 834,768 shares of the basic materials company's stock, valued at approximately $13,181,000. Nuveen LLC owned about 0.48% of Huntsman as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of HUN. Hexagon Capital Partners LLC boosted its position in Huntsman by 177.9% in the 1st quarter. Hexagon Capital Partners LLC now owns 2,179 shares of the basic materials company's stock valued at $34,000 after buying an additional 1,395 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in Huntsman in the 1st quarter valued at $53,000. Strengthening Families & Communities LLC boosted its position in Huntsman by 1,966.7% in the 1st quarter. Strengthening Families & Communities LLC now owns 3,906 shares of the basic materials company's stock valued at $62,000 after buying an additional 3,717 shares during the last quarter. Versant Capital Management Inc boosted its position in 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. Finally, Quarry LP bought a new position in Huntsman in the 4th quarter valued at $65,000. 84.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group cut their price target 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 cut their price target on Huntsman from $11.00 to $9.00 and set a "neutral" rating on the stock in a research note on Monday, August 4th. JPMorgan Chase & Co. cut their price target on Huntsman from $22.00 to $20.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Royal Bank Of Canada cut their price target on Huntsman from $12.00 to $10.00 and set a "sector perform" rating on the stock in a research note on Monday, August 4th. Finally, Wells Fargo & Company cut their price target 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. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $12.06.

Huntsman Trading Down 0.1%

Huntsman stock traded down $0.01 during mid-day trading on Monday, hitting $10.96. 3,608,702 shares of the company's stock were exchanged, compared to its average volume of 3,930,222. The firm has a market capitalization of $1.90 billion, a P/E ratio of -5.62 and a beta of 0.70. Huntsman Corporation has a fifty-two week low of $8.91 and a fifty-two week high of $25.12. The company has a quick ratio of 0.85, a current ratio of 1.43 and a debt-to-equity ratio of 0.54. The company's 50 day simple moving average is $10.57 and its 200-day simple moving average is $12.98.

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

Huntsman Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $0.25 dividend. 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 dividend payout ratio (DPR) is currently -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.