Dynamic Technology Lab Private Ltd Purchases 7,067 Shares of Huntsman Co. (HUN)
Dynamic Technology Lab Private Ltd raised its position in shares of Huntsman Co. (NYSE:HUN) by 18.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,232 shares of the basic materials company’s stock after purchasing an additional 7,067 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Huntsman were worth $1,232,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. FTB Advisors Inc. bought a new position in shares of Huntsman in the 2nd quarter valued at approximately $114,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Huntsman in the 2nd quarter valued at approximately $122,000. Willingdon Wealth Management bought a new position in shares of Huntsman in the 3rd quarter valued at approximately $118,000. Stratos Wealth Partners LTD. bought a new position in shares of Huntsman in the 3rd quarter valued at approximately $177,000. Finally, Point72 Hong Kong Ltd raised its stake in shares of Huntsman by 46.5% in the 2nd quarter. Point72 Hong Kong Ltd now owns 7,038 shares of the basic materials company’s stock valued at $206,000 after acquiring an additional 2,235 shares in the last quarter. 77.51% of the stock is owned by institutional investors.
In other news, VP David M. Stryker acquired 1,282 shares of the firm’s stock in a transaction dated Wednesday, October 31st. The shares were bought at an average price of $21.55 per share, with a total value of $27,627.10. Following the acquisition, 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Peter R. Huntsman acquired 25,000 shares of the firm’s stock in a transaction dated Thursday, November 29th. The shares were purchased at an average cost of $19.90 per share, for a total transaction of $497,500.00. Following the acquisition, the chief executive officer now directly owns 4,956,349 shares in the company, valued at approximately $98,631,345.10. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 35,782 shares of company stock worth $731,992. Company insiders own 19.00% of the company’s stock.
A number of research analysts recently weighed in on the company. Zacks Investment Research downgraded Huntsman from a “buy” rating to a “hold” rating in a research note on Wednesday, October 24th. ValuEngine downgraded Huntsman from a “hold” rating to a “sell” rating in a research note on Saturday, September 1st. Alembic Global Advisors set a $40.00 price target on Huntsman and gave the stock a “buy” rating in a research report on Tuesday, October 30th. KeyCorp dropped their price target on Huntsman from $36.00 to $32.00 and set an “overweight” rating on the stock in a research report on Monday, December 3rd. Finally, Nomura dropped their price target on Huntsman from $37.00 to $30.00 and set a “neutral” rating on the stock in a research report on Monday, October 15th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. Huntsman presently has a consensus rating of “Hold” and an average price target of $34.13.
Shares of NYSE HUN opened at $18.18 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $4.33 billion, a price-to-earnings ratio of 5.09, a price-to-earnings-growth ratio of 0.63 and a beta of 2.68. Huntsman Co. has a 12 month low of $18.13 and a 12 month high of $36.09.
Huntsman (NYSE:HUN) last issued its quarterly earnings results on Tuesday, October 30th. The basic materials company reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.02. The company had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.24 billion. Huntsman had a return on equity of 22.96% and a net margin of 9.88%. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.67 EPS. On average, research analysts forecast that Huntsman Co. will post 3.39 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be given a $0.1625 dividend. This represents a $0.65 annualized dividend and a yield of 3.58%. The ex-dividend date is Thursday, December 13th. Huntsman’s dividend payout ratio is currently 26.21%.
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Huntsman Profile
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.
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