Forest Hill Capital LLC Makes New $2.80 Million Investment in Huntsman Co. (NYSE:HUN)

Forest Hill Capital LLC purchased a new stake in Huntsman Co. (NYSE:HUN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 155,000 shares of the basic materials company's stock, valued at approximately $2,795,000. Huntsman accounts for about 2.2% of Forest Hill Capital LLC's holdings, making the stock its 15th biggest holding. Forest Hill Capital LLC owned about 0.09% of Huntsman at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HUN. Vanguard Group Inc. increased its holdings in shares of Huntsman by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 16,482,011 shares of the basic materials company's stock valued at $297,171,000 after purchasing an additional 130,702 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Huntsman by 6.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,686,557 shares of the basic materials company's stock valued at $102,529,000 after acquiring an additional 349,502 shares during the period. Pzena Investment Management LLC boosted its stake in shares of Huntsman by 320.2% during the 4th quarter. Pzena Investment Management LLC now owns 4,695,678 shares of the basic materials company's stock worth $84,663,000 after acquiring an additional 3,578,100 shares in the last quarter. Deprince Race & Zollo Inc. increased its stake in Huntsman by 70.2% in the 4th quarter. Deprince Race & Zollo Inc. now owns 2,762,907 shares of the basic materials company's stock valued at $49,815,000 after purchasing an additional 1,139,549 shares in the last quarter. Finally, Norges Bank acquired a new position in Huntsman during the fourth quarter worth $37,464,000. Institutional investors and hedge funds own 84.81% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HUN. Bank of America downgraded Huntsman from a "buy" rating to a "neutral" rating and cut their price target for the stock from $22.00 to $15.00 in a research note on Tuesday, April 15th. UBS Group lowered their price target on shares of Huntsman from $18.00 to $13.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. JPMorgan Chase & Co. cut their price objective on Huntsman from $22.00 to $20.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. The Goldman Sachs Group dropped their price target on Huntsman from $19.00 to $13.50 and set a "sell" rating for the company in a research report on Tuesday. Finally, StockNews.com downgraded Huntsman from a "hold" rating to a "sell" rating in a research report on Monday, May 5th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $15.00.

Huntsman Price Performance

HUN opened at $12.04 on Friday. Huntsman Co. has a 1 year low of $11.15 and a 1 year high of $25.78. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.83 and a current ratio of 1.36. The company's 50 day simple moving average is $14.51 and its 200 day simple moving average is $17.16. The stock has a market capitalization of $2.09 billion, a PE ratio of -10.95 and a beta of 0.82.

Huntsman (NYSE:HUN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). The company had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.51 billion. Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. The business's quarterly revenue was down 4.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.06) EPS. As a group, sell-side analysts expect that Huntsman Co. will post 0.32 EPS for the current year.

Huntsman Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, June 13th. This represents a $1.00 annualized dividend and a yield of 8.31%. Huntsman's dividend payout ratio is presently -109.89%.

Huntsman 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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