Eagle Asset Management Inc. Lowers Stake in Huntsman Co. (NYSE:HUN)

Eagle Asset Management Inc. lowered its stake in Huntsman Co. (NYSE:HUN) by 4.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 523,689 shares of the basic materials company’s stock after selling 24,227 shares during the quarter. Eagle Asset Management Inc. owned about 0.24% of Huntsman worth $13,888,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Commerce Bank raised its stake in shares of Huntsman by 2.1% during the first quarter. Commerce Bank now owns 16,349 shares of the basic materials company’s stock valued at $471,000 after purchasing an additional 344 shares during the period. AMG National Trust Bank raised its stake in shares of Huntsman by 1.0% during the first quarter. AMG National Trust Bank now owns 38,109 shares of the basic materials company’s stock valued at $1,099,000 after purchasing an additional 369 shares during the period. River Wealth Advisors LLC raised its stake in shares of Huntsman by 0.3% during the first quarter. River Wealth Advisors LLC now owns 135,066 shares of the basic materials company’s stock valued at $3,894,000 after purchasing an additional 424 shares during the period. Advisor Group Holdings Inc. increased its stake in shares of Huntsman by 1.6% in the second quarter. Advisor Group Holdings Inc. now owns 26,315 shares of the basic materials company’s stock worth $697,000 after buying an additional 427 shares during the last quarter. Finally, Dumont & Blake Investment Advisors LLC increased its stake in shares of Huntsman by 3.9% in the second quarter. Dumont & Blake Investment Advisors LLC now owns 14,164 shares of the basic materials company’s stock worth $376,000 after buying an additional 535 shares during the last quarter. Institutional investors and hedge funds own 81.56% of the company’s stock.

Shares of NYSE HUN opened at $26.36 on Thursday. Huntsman Co. has a fifty-two week low of $20.95 and a fifty-two week high of $32.35. The firm’s 50-day simple moving average is $26.04 and its 200 day simple moving average is $27.46. The company has a quick ratio of 1.14, a current ratio of 1.88 and a debt-to-equity ratio of 0.39. The stock has a market cap of $5.85 billion, a P/E ratio of 9.31, a P/E/G ratio of 0.16 and a beta of 1.36.

Huntsman (NYSE:HUN) last issued its quarterly earnings data on Thursday, July 29th. The basic materials company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. Huntsman had a net margin of 8.95% and a return on equity of 14.21%. The business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the previous year, the business earned ($0.14) earnings per share. The company’s revenue was up 62.3% on a year-over-year basis. On average, sell-side analysts anticipate that Huntsman Co. will post 3.14 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 30th. Shareholders of record on Wednesday, September 15th will be given a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend is Tuesday, September 14th. Huntsman’s dividend payout ratio (DPR) is presently 76.53%.

HUN has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their price target on shares of Huntsman from $36.00 to $32.00 and set an “overweight” rating for the company in a research note on Tuesday, July 13th. Zacks Investment Research lowered shares of Huntsman from a “buy” rating to a “hold” rating and set a $28.00 price target for the company. in a research note on Friday, June 11th. Wolfe Research assumed coverage on shares of Huntsman in a report on Wednesday, June 9th. They issued a “market perform” rating for the company. KeyCorp lifted their price objective on shares of Huntsman from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, August 2nd. Finally, Morgan Stanley lifted their price objective on shares of Huntsman from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Monday, August 2nd. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $33.21.

Huntsman Profile

Huntsman Corp. engages in the manufacturing of differentiated organic chemical products. It operates through the following segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment manufactures and markets polyurethane chemicals, including MDI products, PO, polyols, PG, TPU, aniline, and MTBE.

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Institutional Ownership by Quarter for Huntsman (NYSE:HUN)

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