American Century Companies Inc. Has $30.17 Million Position in Huntsman Corporation (HUN)
American Century Companies Inc. increased its stake in shares of Huntsman Corporation (NYSE:HUN) by 492.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,167,637 shares of the basic materials company’s stock after buying an additional 970,545 shares during the period. American Century Companies Inc. owned about 0.49% of Huntsman Corporation worth $30,172,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in Huntsman Corporation during the first quarter valued at $122,000. Opera Trading Capital bought a new position in Huntsman Corporation during the second quarter valued at $129,000. CIBC Asset Management Inc bought a new position in Huntsman Corporation during the second quarter valued at $207,000. World Asset Management Inc bought a new position in Huntsman Corporation during the first quarter valued at $241,000. Finally, Asset Management One Co. Ltd. bought a new position in Huntsman Corporation during the first quarter valued at $262,000. Institutional investors own 75.88% of the company’s stock.
Shares of Huntsman Corporation (NYSE:HUN) opened at 26.57 on Friday. The company has a market capitalization of $6.38 billion, a PE ratio of 15.06 and a beta of 2.81. Huntsman Corporation has a one year low of $14.16 and a one year high of $28.30. The stock has a 50 day moving average price of $26.30 and a 200 day moving average price of $24.71.
Huntsman Corporation (NYSE:HUN) last issued its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.18. The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.64 billion. Huntsman Corporation had a net margin of 4.33% and a return on equity of 30.04%. Huntsman Corporation’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the company posted $0.53 EPS. On average, equities research analysts predict that Huntsman Corporation will post $2.25 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date is Thursday, September 14th. Huntsman Corporation’s dividend payout ratio is presently 28.41%.
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HUN has been the topic of several analyst reports. Alembic Global Advisors set a $28.00 target price on Huntsman Corporation and gave the company a “buy” rating in a research report on Thursday, July 27th. Jefferies Group LLC restated a “buy” rating and issued a $31.00 price objective on shares of Huntsman Corporation in a research report on Tuesday, July 25th. BidaskClub downgraded Huntsman Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Instinet restated a “buy” rating and issued a $30.00 price objective on shares of Huntsman Corporation in a research report on Sunday, July 9th. Finally, Zacks Investment Research downgraded Huntsman Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $29.00.
In related news, VP Randy W. Wright sold 32,962 shares of the firm’s stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of $25.75, for a total value of $848,771.50. Following the transaction, the vice president now directly owns 69,148 shares of the company’s stock, valued at approximately $1,780,561. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Randy W. Wright sold 56,675 shares of the firm’s stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $25.76, for a total transaction of $1,459,948.00. Following the completion of the transaction, the vice president now directly owns 66,023 shares in the company, valued at $1,700,752.48. The disclosure for this sale can be found here. Company insiders own 19.00% of the company’s stock.
About Huntsman Corporation
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). The Company operates through five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
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