Butensky & Cohen Financial Security Inc. Has $2.25 Million Stake in Huntsman Co. (NYSE:HUN)

Butensky & Cohen Financial Security Inc. lessened its holdings in shares of Huntsman Co. (NYSE:HUN) by 8.4% during the 4th quarter, HoldingsChannel reports. The firm owned 124,525 shares of the basic materials company’s stock after selling 11,444 shares during the period. Butensky & Cohen Financial Security Inc.’s holdings in Huntsman were worth $2,245,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HUN. Wealth Enhancement Advisory Services LLC increased its stake in shares of Huntsman by 1.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 38,070 shares of the basic materials company’s stock worth $686,000 after purchasing an additional 674 shares during the last quarter. Seven Eight Capital LP grew its holdings in Huntsman by 3.3% during the second quarter. Seven Eight Capital LP now owns 24,568 shares of the basic materials company’s stock worth $559,000 after purchasing an additional 795 shares during the period. The Manufacturers Life Insurance Company increased its position in Huntsman by 2.1% during the second 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 bought a new stake in Huntsman in the third quarter valued at approximately $25,000. Finally, Shayne & Jacobs LLC boosted its stake in shares of Huntsman by 1.2% during 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 currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Huntsman

In related news, Director Mary C. Beckerle sold 20,201 shares of the firm’s stock in a transaction dated 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 document filed with the SEC, which can be accessed through the SEC website. Company insiders own 6.10% of the company’s stock.

Huntsman Trading Up 2.7 %

Shares of NYSE:HUN opened at $17.88 on Friday. The company has a market capitalization of $3.09 billion, a P/E ratio of -25.91 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.47 and a quick ratio of 0.83. The business’s 50 day simple moving average is $18.61 and its 200 day simple moving average is $21.07. Huntsman Co. has a 1 year low of $15.95 and a 1 year high of $27.01.

Huntsman (NYSE:HUN) last posted its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.10 earnings per share 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 during the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter in the prior year, the business posted $0.15 earnings per share. Huntsman’s revenue was up 2.3% compared to the same quarter last year. On average, research analysts anticipate that Huntsman Co. will post 0.08 EPS for the current fiscal year.

Huntsman Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.25 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.00 dividend on an annualized basis and a yield of 5.59%. Huntsman’s dividend payout ratio (DPR) is -144.93%.

Analyst Ratings Changes

HUN has been the subject of several research reports. Wells Fargo & Company cut 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. Morgan Stanley reduced their target price on shares of Huntsman from $24.00 to $20.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Royal Bank of Canada lowered their price target on shares of Huntsman from $23.00 to $20.00 and set a “sector perform” rating on the stock in a report on Thursday, December 19th. UBS Group reduced their price objective on Huntsman from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Finally, Citigroup lowered their target price on Huntsman from $22.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $23.33.

Huntsman 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.