59,043 Shares in Huntsman Corporation $HUN Purchased by Huntleigh Advisors Inc.

Huntleigh Advisors Inc. acquired a new stake in Huntsman Corporation (NYSE:HUN) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 59,043 shares of the basic materials company’s stock, valued at approximately $615,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Huntsman by 898.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 167,206 shares of the basic materials company’s stock valued at $2,640,000 after buying an additional 150,461 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Huntsman by 12.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 132,516 shares of the basic materials company’s stock valued at $2,096,000 after acquiring an additional 14,812 shares during the period. Twelve Points Wealth Management LLC raised its stake in Huntsman by 51.0% during the 1st quarter. Twelve Points Wealth Management LLC now owns 115,641 shares of the basic materials company’s stock valued at $1,826,000 after acquiring an additional 39,035 shares in the last quarter. Teacher Retirement System of Texas raised its stake in Huntsman by 72.0% during the 1st quarter. Teacher Retirement System of Texas now owns 63,424 shares of the basic materials company’s stock valued at $1,001,000 after acquiring an additional 26,551 shares in the last quarter. Finally, Invesco Ltd. boosted its position in Huntsman by 1.3% during the 1st quarter. Invesco Ltd. now owns 6,064,044 shares of the basic materials company’s stock worth $95,751,000 after acquiring an additional 75,097 shares during the period. Institutional investors own 84.81% of the company’s stock.

Wall Street Analysts Forecast Growth

HUN has been the topic of a number of recent analyst reports. Bank of America restated an “underperform” rating and set a $8.00 price objective (down from $9.00) on shares of Huntsman in a research note on Tuesday. Royal Bank Of Canada dropped their price target on shares of Huntsman from $12.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Monday, August 4th. Wells Fargo & Company decreased their price objective on shares of Huntsman from $13.00 to $9.00 and set an “equal weight” rating for the company in a report on Tuesday, August 5th. UBS Group lowered their price objective on shares of Huntsman from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Huntsman in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Huntsman currently has a consensus rating of “Reduce” and an average target price of $10.90.

Huntsman Price Performance

NYSE HUN opened at $8.21 on Friday. Huntsman Corporation has a 1 year low of $7.74 and a 1 year high of $23.73. The business’s fifty day moving average is $9.91 and its two-hundred day moving average is $11.10. The stock has a market capitalization of $1.43 billion, a P/E ratio of -4.21 and a beta of 0.64. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 1.43.

Huntsman (NYSE:HUN) last issued its earnings results on Thursday, July 31st. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.05). The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.51 billion. Huntsman had a negative return on equity of 2.48% and a negative net margin of 5.75%.The business’s revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.14 earnings per share. On average, research analysts forecast that Huntsman Corporation will post 0.32 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 12.2%. The ex-dividend date was Monday, September 15th. Huntsman’s payout ratio is presently -51.28%.

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.