Huntsman Co. (NYSE:HUN) Shares Sold by Strengthening Families & Communities LLC

Strengthening Families & Communities LLC lowered its holdings in shares of Huntsman Co. (NYSE:HUN) by 24.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,384 shares of the basic materials company’s stock after selling 1,455 shares during the period. Strengthening Families & Communities LLC’s holdings in Huntsman were worth $106,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Butensky & Cohen Financial Security Inc. increased its holdings in shares of Huntsman by 0.3% in the second quarter. Butensky & Cohen Financial Security Inc. now owns 152,577 shares of the basic materials company’s stock valued at $3,474,000 after purchasing an additional 483 shares during the period. Seven Eight Capital LP grew its position in Huntsman by 3.3% in the 2nd quarter. Seven Eight Capital LP now owns 24,568 shares of the basic materials company’s stock valued at $559,000 after buying an additional 795 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Huntsman by 2.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,771 shares of the basic materials company’s stock worth $951,000 after buying an additional 863 shares during the last quarter. Matrix Trust Co acquired a new stake in shares of Huntsman in the 3rd quarter worth $25,000. Finally, Shayne & Jacobs LLC lifted its stake in shares of Huntsman by 1.2% in the 3rd quarter. Shayne & Jacobs LLC now owns 94,316 shares of the basic materials company’s stock worth $2,282,000 after acquiring an additional 1,140 shares during the period. 84.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HUN. JPMorgan Chase & Co. cut their price target on shares of Huntsman from $27.00 to $25.00 and set an “overweight” rating for the company in a report on Wednesday, August 7th. Royal Bank of Canada boosted their target price on Huntsman from $21.00 to $24.00 and gave the stock a “sector perform” rating in a research report on Friday, October 11th. Wells Fargo & Company reduced their price target on Huntsman from $26.00 to $25.00 and set an “overweight” rating for the company in a report on Wednesday, November 6th. Finally, UBS Group dropped their price objective on Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $25.75.

Insider Activity at Huntsman

In other news, Director Mary C. Beckerle sold 20,201 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $21.42, for a total value of $432,705.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.60% of the stock is owned by corporate insiders.

Huntsman Stock Performance

Shares of HUN stock opened at $19.47 on Tuesday. The stock has a fifty day moving average price of $22.46 and a 200 day moving average price of $22.84. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.83 and a current ratio of 1.47. The stock has a market cap of $3.37 billion, a PE ratio of -28.22 and a beta of 1.02. Huntsman Co. has a 1 year low of $19.14 and a 1 year high of $27.01.

Huntsman (NYSE:HUN) last released its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. Huntsman had a negative net margin of 1.99% and a negative return on equity of 0.03%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period in the previous year, the firm earned $0.15 EPS. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. Sell-side analysts forecast that Huntsman Co. will post 0.11 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.00 annualized dividend and a dividend yield of 5.14%. Huntsman’s dividend payout ratio is currently -144.93%.

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.