Twelve Points Wealth Management LLC Buys 33,403 Shares of Huntsman Corporation $HUN

Key Points

• Twelve Points Wealth Management LLC increased its stake in Huntsman Corporation by 28.9%, acquiring an additional 33,403 shares to own a total of 149,044 shares valued at approximately $1.55 million.
• Several investment firms have modified their positions in Huntsman, with a significant portion of the stock, 84.81%, being held by institutional investors.
• Huntsman recently announced a quarterly dividend of $0.25 per share, resulting in an annualized yield of 11.1%, despite reporting a negative EPS of ($0.20) for the last quarter.

Twelve Points Wealth Management LLC grew its holdings in Huntsman Corporation (NYSE:HUN - Free Report) by 28.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 149,044 shares of the basic materials company's stock after acquiring an additional 33,403 shares during the quarter. Twelve Points Wealth Management LLC owned 0.09% of Huntsman worth $1,553,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Yousif Capital Management LLC boosted its position in 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 purchasing an additional 972 shares during the last quarter. Entropy Technologies LP boosted its position in Huntsman by 6.8% during the first quarter. Entropy Technologies LP now owns 19,434 shares of the basic materials company's stock valued at $307,000 after purchasing an additional 1,239 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in Huntsman by 1.2% during the first quarter. Gamco Investors INC. ET AL now owns 117,350 shares of the basic materials company's stock valued at $1,853,000 after purchasing an additional 1,350 shares during the last quarter. Hexagon Capital Partners LLC boosted its position in Huntsman by 177.9% during the first quarter. Hexagon Capital Partners LLC now owns 2,179 shares of the basic materials company's stock valued at $34,000 after purchasing an additional 1,395 shares during the last quarter. Finally, Quarry LP boosted its position in Huntsman by 40.3% during the first quarter. Quarry LP now owns 5,034 shares of the basic materials company's stock valued at $79,000 after purchasing an additional 1,445 shares during the last quarter. 84.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on HUN shares. Citigroup reduced their price target on Huntsman from $11.00 to $9.00 and set a "neutral" rating for the company in a research report on Monday, August 4th. Jefferies Financial Group cut their price objective on Huntsman from $15.00 to $14.00 and set a "buy" rating for the company in a research report on Wednesday, September 10th. The Goldman Sachs Group cut their price objective on Huntsman from $12.00 to $10.00 and set a "sell" rating for the company in a research report on Thursday, August 7th. Royal Bank Of Canada cut their price objective on Huntsman from $12.00 to $10.00 and set a "sector perform" rating for the company in a research report on Monday, August 4th. Finally, Wells Fargo & Company cut their price objective on Huntsman from $13.00 to $9.00 and set an "equal weight" rating for the company in a research report on Tuesday, August 5th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $12.05.

Huntsman Trading Up 1.0%

Shares of HUN opened at $8.98 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 1.43. Huntsman Corporation has a 52-week low of $8.82 and a 52-week high of $25.12. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of -4.61 and a beta of 0.65. The business's fifty day moving average is $10.38 and its 200-day moving average is $11.90.

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

Huntsman Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.00 annualized dividend and a yield of 11.1%. Huntsman's payout ratio is presently -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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