Huntsman Corp. (HUN) Position Held by American Financial Group Inc.
American Financial Group Inc. held its stake in shares of Huntsman Corp. (NYSE:HUN) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 440,000 shares of the company’s stock at the end of the third quarter. American Financial Group Inc. owned approximately 0.19% of Huntsman Corp. worth $7,159,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in Huntsman Corp. by 84.3% in the second quarter. JPMorgan Chase & Co. now owns 4,645,387 shares of the company’s stock valued at $62,479,000 after buying an additional 2,125,062 shares during the period. Strs Ohio bought a new stake in Huntsman Corp. during the second quarter valued at approximately $24,210,000. Bank of Montreal Can boosted its stake in Huntsman Corp. by 7,580.6% in the third quarter. Bank of Montreal Can now owns 1,527,748 shares of the company’s stock valued at $24,857,000 after buying an additional 1,507,857 shares during the period. Victory Capital Management Inc. boosted its stake in Huntsman Corp. by 277.1% in the second quarter. Victory Capital Management Inc. now owns 1,808,933 shares of the company’s stock valued at $24,330,000 after buying an additional 1,329,199 shares during the period. Finally, Capital Research Global Investors boosted its stake in Huntsman Corp. by 1,623.9% in the second quarter. Capital Research Global Investors now owns 1,182,600 shares of the company’s stock valued at $15,906,000 after buying an additional 1,114,000 shares during the period. 73.28% of the stock is currently owned by hedge funds and other institutional investors.
Huntsman Corp. (NYSE:HUN) traded up 1.72% during midday trading on Tuesday, reaching $18.94. 2,312,382 shares of the company’s stock traded hands. The firm has a market cap of $4.51 billion, a price-to-earnings ratio of 22.44 and a beta of 2.71. Huntsman Corp. has a 1-year low of $7.46 and a 1-year high of $19.56. The stock’s 50 day moving average price is $17.44 and its 200 day moving average price is $16.04.
Huntsman Corp. (NYSE:HUN) last posted its earnings results on Friday, October 28th. The company reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.02. Huntsman Corp. had a net margin of 2.11% and a return on equity of 25.26%. The firm had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.48 billion. During the same period in the previous year, the firm posted $0.47 EPS. The company’s revenue for the quarter was down 10.4% compared to the same quarter last year. Equities research analysts anticipate that Huntsman Corp. will post $1.55 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Thursday, December 15th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date is Tuesday, December 13th. Huntsman Corp.’s payout ratio is 58.82%.
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Several equities analysts recently weighed in on HUN shares. Zacks Investment Research lowered shares of Huntsman Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, October 18th. Jefferies Group restated a “buy” rating on shares of Huntsman Corp. in a report on Monday, August 22nd. Finally, Nomura cut their price objective on shares of Huntsman Corp. from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday, September 20th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Huntsman Corp. presently has an average rating of “Buy” and an average price target of $17.17.
In other news, insider Jon M. Huntsman sold 600,000 shares of the company’s stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $17.27, for a total value of $10,362,000.00. Following the sale, the insider now directly owns 692,772 shares of the company’s stock, valued at approximately $11,964,172.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 19.68% of the company’s stock.
About Huntsman Corp.
Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company operates all of its businesses through its subsidiary, Huntsman International LLC (Huntsman International). It operates in five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
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