Huntsman Co. (NYSE:HUN) Shares Sold by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY lowered its stake in shares of Huntsman Co. (NYSE:HUN - Free Report) by 81.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 248,069 shares of the basic materials company's stock after selling 1,084,724 shares during the period. Miller Howard Investments Inc. NY owned 0.14% of Huntsman worth $6,234,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its stake in Huntsman by 101.9% during the third quarter. Wellington Management Group LLP now owns 1,792,098 shares of the basic materials company's stock worth $43,727,000 after buying an additional 904,696 shares during the last quarter. Dark Forest Capital Management LP lifted its stake in shares of Huntsman by 115.4% in the 3rd quarter. Dark Forest Capital Management LP now owns 105,627 shares of the basic materials company's stock valued at $2,577,000 after purchasing an additional 56,598 shares during the last quarter. Strengthening Families & Communities LLC lifted its stake in shares of Huntsman by 6.4% in the 3rd quarter. Strengthening Families & Communities LLC now owns 73,275 shares of the basic materials company's stock valued at $1,788,000 after purchasing an additional 4,406 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Huntsman in the 3rd quarter valued at $2,889,000. Finally, Qube Research & Technologies Ltd acquired a new position in shares of Huntsman in the 3rd quarter valued at $4,268,000. Institutional investors and hedge funds own 84.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HUN. Stifel Nicolaus decreased their price target on Huntsman from $30.00 to $29.00 and set a "buy" rating on the stock in a research note on Wednesday, January 24th. The Goldman Sachs Group upped their price target on Huntsman from $25.00 to $28.00 and gave the company a "sell" rating in a research note on Tuesday, March 5th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $28.00 price target on shares of Huntsman in a research note on Monday, December 11th. Wells Fargo & Company raised Huntsman from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $25.00 to $32.00 in a research note on Friday, February 23rd. Finally, Royal Bank of Canada boosted their price objective on Huntsman from $20.00 to $24.00 and gave the company a "sector perform" rating in a report on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Huntsman presently has an average rating of "Hold" and a consensus price target of $26.55.

Huntsman Stock Down 0.4 %

NYSE HUN traded down $0.10 during trading hours on Tuesday, hitting $25.53. 1,647,642 shares of the company were exchanged, compared to its average volume of 2,026,354. The company has a 50 day moving average of $25.22 and a two-hundred day moving average of $24.63. The company has a quick ratio of 1.23, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. Huntsman Co. has a 52-week low of $22.14 and a 52-week high of $29.90. The firm has a market cap of $4.42 billion, a price-to-earnings ratio of 48.16 and a beta of 1.12.

Huntsman (NYSE:HUN - Get Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The basic materials company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.07). Huntsman had a return on equity of 1.92% and a net margin of 1.65%. The company had revenue of $1.40 billion for the quarter, compared to analysts' expectations of $1.33 billion. During the same quarter last year, the company earned $0.04 EPS. Huntsman's revenue for the quarter was down 15.0% compared to the same quarter last year. Equities research analysts anticipate that Huntsman Co. will post 0.53 earnings per share for the current year.

Huntsman Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $0.25 per share. This is an increase from Huntsman's previous quarterly dividend of $0.24. The ex-dividend date was Thursday, March 14th. This represents a $1.00 annualized dividend and a yield of 3.92%. Huntsman's dividend payout ratio is 188.68%.

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.