Huntsman (NYSE:HUN) Hits New 1-Year Low at $22.09

Huntsman Co. (NYSE:HUN) reached a new 52-week low during trading on Friday . The company traded as low as $22.09 and last traded at $22.19, with a volume of 63784 shares trading hands. The stock had previously closed at $22.49.

Analysts Set New Price Targets

HUN has been the topic of a number of analyst reports. JPMorgan Chase & Co. upgraded Huntsman from an “underweight” rating to an “overweight” rating and upped their price target for the company from $22.00 to $27.00 in a research report on Friday, June 7th. Citigroup cut their price target on Huntsman from $26.00 to $24.00 and set a “neutral” rating on the stock in a report on Thursday, June 27th. Finally, Royal Bank of Canada increased their price target on Huntsman from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $27.00.

Huntsman Trading Down 2.9 %

The company has a quick ratio of 0.98, a current ratio of 1.55 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $3.78 billion, a PE ratio of -43.25 and a beta of 1.01. The firm has a 50 day moving average price of $24.09 and a 200 day moving average price of $24.59.

Huntsman (NYSE:HUN) last released its earnings results on Thursday, May 2nd. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.06). Huntsman had a positive return on equity of 0.67% and a negative net margin of 1.49%. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period last year, the business posted $0.20 earnings per share. The business’s revenue for the quarter was down 8.5% on a year-over-year basis. Equities analysts expect that Huntsman Co. will post 0.4 EPS for the current fiscal year.

Huntsman Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date of this dividend was Friday, June 14th. Huntsman’s dividend payout ratio is currently -192.31%.

Institutional Trading of Huntsman

A number of large investors have recently bought and sold shares of HUN. Dimensional Fund Advisors LP grew its position in shares of Huntsman by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 10,214,010 shares of the basic materials company’s stock valued at $256,681,000 after purchasing an additional 210,754 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Huntsman by 1.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 6,560,737 shares of the basic materials company’s stock worth $170,776,000 after buying an additional 88,635 shares in the last quarter. Wellington Management Group LLP grew its position in Huntsman by 75.9% during the fourth quarter. Wellington Management Group LLP now owns 3,151,535 shares of the basic materials company’s stock worth $79,198,000 after buying an additional 1,359,437 shares in the last quarter. 1832 Asset Management L.P. grew its position in Huntsman by 753.2% during the first quarter. 1832 Asset Management L.P. now owns 2,867,920 shares of the basic materials company’s stock worth $74,652,000 after buying an additional 2,531,800 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in Huntsman by 9.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,408,592 shares of the basic materials company’s stock worth $62,697,000 after buying an additional 203,396 shares in the last quarter. 84.81% of the stock is owned by hedge funds and other institutional investors.

About Huntsman

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.