Huntsman Co. (HUN) VP Buys $27,627.10 in Stock

Stacy Sanders 2018-11-03 04:11

Huntsman Co. (NYSE:HUN) VP David M. Stryker acquired 1,282 shares of the stock in a transaction that occurred on Wednesday, October 31st. The stock was acquired at an average cost of $21.55 per share, with a total value of $27,627.10. Following the completion of the purchase, the vice president now owns 122,852 shares of the company’s stock, valued at $2,647,460.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Huntsman stock traded up $0.15 during trading hours on Friday, reaching $23.43. The stock had a trading volume of 5,392,975 shares, compared to its average volume of 2,818,945. The company has a market capitalization of $5.14 billion, a PE ratio of 9.45, a P/E/G ratio of 0.72 and a beta of 2.69. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.58 and a current ratio of 1.93. Huntsman Co. has a 52 week low of $19.26 and a 52 week high of $36.09.

Huntsman (NYSE:HUN) last announced its earnings results on Tuesday, October 30th. The basic materials company reported $0.84 EPS for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.02. The business had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.24 billion. Huntsman had a net margin of 9.88% and a return on equity of 23.31%. The firm’s revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.67 earnings per share. On average, equities analysts predict that Huntsman Co. will post 3.48 earnings per share for the current fiscal year.

A number of research firms recently weighed in on HUN. Citigroup lowered their price objective on shares of Huntsman from $30.00 to $25.50 and set a “neutral” rating for the company in a research note on Friday. Barclays lowered their price objective on shares of Huntsman from $29.00 to $22.00 and set an “underweight” rating for the company in a research note on Thursday. Nomura lowered their price objective on shares of Huntsman from $30.00 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday. KeyCorp lowered their price objective on shares of Huntsman from $42.00 to $36.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Alembic Global Advisors set a $40.00 price objective on shares of Huntsman and gave the stock a “buy” rating in a research note on Tuesday. Two analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $34.58.

A number of institutional investors have recently made changes to their positions in the business. Northpointe Capital LLC raised its holdings in Huntsman by 2.0% in the second quarter. Northpointe Capital LLC now owns 109,733 shares of the basic materials company’s stock worth $3,204,000 after purchasing an additional 2,152 shares in the last quarter. Point72 Hong Kong Ltd raised its holdings in Huntsman by 46.5% in the second quarter. Point72 Hong Kong Ltd now owns 7,038 shares of the basic materials company’s stock worth $206,000 after purchasing an additional 2,235 shares in the last quarter. United Services Automobile Association raised its holdings in Huntsman by 0.9% in the second quarter. United Services Automobile Association now owns 262,338 shares of the basic materials company’s stock worth $7,660,000 after purchasing an additional 2,417 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in Huntsman by 1.5% in the second quarter. Public Employees Retirement System of Ohio now owns 180,700 shares of the basic materials company’s stock worth $5,276,000 after purchasing an additional 2,612 shares in the last quarter. Finally, Keybank National Association OH raised its holdings in Huntsman by 9.7% in the second quarter. Keybank National Association OH now owns 29,753 shares of the basic materials company’s stock worth $869,000 after purchasing an additional 2,639 shares in the last quarter. Institutional investors and hedge funds own 77.47% of the company’s stock.

About Huntsman

Huntsman Corporation, through its subsidiary, Huntsman International LLC, manufactures and sells differentiated organic chemical products worldwide. The company operates in four segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyols, thermoplastic polyurethane, propylene oxide, and methyl tertiary-butyl ether products.