Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:
Huntsman Co. (NYSE:HUN - Get Rating) was the recipient of a large decrease in short interest in the month of August. As of August 15th, there was short interest totalling 7,100,000 shares, a decrease of 10.2% from the July 31st total of 7,910,000 shares. Based on an average daily volume of 2,530,000 shares, the days-to-cover ratio is currently 2.8 days. Currently, 3.7% of the shares of the company are short sold. Huntsman Trading Down 2.3 %
Huntsman stock traded down $0.66 during midday trading on Wednesday, reaching $28.12. The stock had a trading volume of 96,725 shares, compared to its average volume of 2,510,499. Huntsman has a twelve month low of $25.02 and a twelve month high of $41.65. The stock has a market capitalization of $5.66 billion, a PE ratio of 4.84 and a beta of 1.16. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.26 and a current ratio of 2.12. The stock's 50-day simple moving average is $29.15 and its 200 day simple moving average is $33.67.
Huntsman (NYSE:HUN - Get Rating) last issued its earnings results on Tuesday, August 2nd. The basic materials company reported $1.28 earnings per share for the quarter, beating analysts' consensus estimates of $1.14 by $0.14. Huntsman had a return on equity of 22.23% and a net margin of 13.45%. The firm had revenue of $2.36 billion for the quarter, compared to analysts' expectations of $2.30 billion. During the same quarter last year, the firm earned $0.86 earnings per share. The firm's revenue for the quarter was up 16.7% compared to the same quarter last year. Analysts expect that Huntsman will post 4.34 EPS for the current year. Huntsman Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be paid a dividend of $0.2125 per share. This represents a $0.85 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend is Wednesday, September 14th. Huntsman's dividend payout ratio is presently 14.63%. Insider Activity at Huntsman
In related news, VP David M. Stryker acquired 10,000 shares of the firm's stock in a transaction on Friday, August 12th. The stock was bought at an average cost of $29.90 per share, with a total value of $299,000.00. Following the transaction, the vice president now owns 341,614 shares of the company's stock, valued at $10,214,258.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Huntsman news, Director Curtis E. Espeland purchased 15,000 shares of Huntsman stock in a transaction dated Thursday, August 11th. The stock was acquired at an average cost of $30.18 per share, with a total value of $452,700.00. Following the acquisition, the director now directly owns 18,533 shares of the company's stock, valued at $559,325.94. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP David M. Stryker purchased 10,000 shares of Huntsman stock in a transaction dated Friday, August 12th. The stock was acquired at an average cost of $29.90 per share, with a total value of $299,000.00. Following the completion of the acquisition, the vice president now directly owns 341,614 shares in the company, valued at $10,214,258.60. The disclosure for this purchase can be found here. Insiders own 6.40% of the company's stock. Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of HUN. Envestnet Asset Management Inc. increased its position in shares of Huntsman by 4.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 135,354 shares of the basic materials company's stock worth $4,721,000 after acquiring an additional 6,208 shares during the last quarter. American Century Companies Inc. increased its holdings in Huntsman by 33.7% in the fourth quarter. American Century Companies Inc. now owns 20,565 shares of the basic materials company's stock valued at $717,000 after buying an additional 5,186 shares during the last quarter. CIBC Asset Management Inc increased its holdings in Huntsman by 4.0% in the fourth quarter. CIBC Asset Management Inc now owns 9,228 shares of the basic materials company's stock valued at $322,000 after buying an additional 355 shares during the last quarter. First Republic Investment Management Inc. increased its holdings in Huntsman by 30.5% in the fourth quarter. First Republic Investment Management Inc. now owns 27,537 shares of the basic materials company's stock valued at $960,000 after buying an additional 6,441 shares during the last quarter. Finally, Connectus Wealth LLC bought a new stake in Huntsman in the fourth quarter valued at about $234,000. Institutional investors and hedge funds own 87.62% of the company's stock. Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the company. StockNews.com downgraded Huntsman from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, June 15th. Bank of America downgraded Huntsman from a "buy" rating to an "underperform" rating and dropped their price objective for the company from $45.00 to $34.00 in a research note on Tuesday, June 14th. Royal Bank of Canada raised their price objective on Huntsman from $39.00 to $43.00 and gave the company an "outperform" rating in a research note on Thursday, August 11th. Deutsche Bank Aktiengesellschaft dropped their price objective on Huntsman from $40.00 to $35.00 in a research note on Wednesday, August 3rd. Finally, Citigroup dropped their price target on Huntsman from $35.00 to $34.00 in a research report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $43.23.About Huntsman (Get Rating)
Huntsman Corporation manufactures and sells differentiated organic chemical products worldwide. The company operates through 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.Further ReadingGet a free copy of the StockNews.com research report on Huntsman (HUN)Crowdstrike Stock Retraces, As Earnings Sober ExpectationsWill The Institutions Buy The Dip In Ambarella Stock? PVH Corporation Is On Track For Capital ReturnsCan Pinterest Rally On Support From Big Investor With Conviction?Chargepoint Rallies, Despite Weaker Earnings
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Huntsman, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Huntsman wasn't on the list.
While Huntsman currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter:
Tom remains optimistic about investors’ prospects going forward, even as the market reacts to the words of Fed Chair Jerome Powell about “pain ahead.”
Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.
MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.
Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.
Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.
MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.
Twitter Facebook StockTwits Financial Juice YouTube
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved. 326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257 MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds
© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.