Huntsman (NYSE:HUN) Hits New 12-Month Low at $21.29

Huntsman Co. (NYSE:HUN)’s share price reached a new 52-week low during trading on Monday . The company traded as low as $21.29 and last traded at $21.43, with a volume of 12864 shares. The stock had previously closed at $22.48.

Wall Street Analysts Forecast Growth

HUN has been the subject of several research analyst reports. UBS Group cut their price objective on Huntsman from $23.00 to $22.00 and set a “neutral” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. upgraded Huntsman from an “underweight” rating to an “overweight” rating and upped their price target for the stock from $22.00 to $27.00 in a report on Friday, June 7th. Royal Bank of Canada raised their price objective on shares of Huntsman from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 7th. Citigroup cut their target price on shares of Huntsman from $26.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday, June 27th. Finally, Wells Fargo & Company decreased their price target on shares of Huntsman from $32.00 to $28.00 and set an “overweight” rating on the stock in a research report on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Huntsman presently has an average rating of “Hold” and an average target price of $26.56.

Huntsman Stock Performance

The company has a debt-to-equity ratio of 0.49, a current ratio of 1.55 and a quick ratio of 0.98. The firm has a market cap of $3.58 billion, a P/E ratio of -39.79 and a beta of 1.01. The stock’s 50 day moving average is $23.15 and its two-hundred day moving average is $24.28.

Huntsman (NYSE:HUN) last released its quarterly earnings data on Monday, August 5th. The basic materials company reported $0.14 earnings per share for the quarter, meeting the consensus estimate of $0.14. Huntsman had a positive return on equity of 0.67% and a negative net margin of 1.49%. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period in the prior year, the company posted $0.22 EPS. The company’s revenue was down 1.4% compared to the same quarter last year. As a group, equities analysts predict that Huntsman Co. will post 0.33 EPS for the current year.

Huntsman Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.83%. The ex-dividend date of this dividend is Friday, September 13th. Huntsman’s payout ratio is -192.31%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Quadrant Capital Group LLC raised its position in Huntsman by 93.0% in the 4th quarter. Quadrant Capital Group LLC now owns 1,081 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 521 shares during the last quarter. GAMMA Investing LLC bought a new position in Huntsman in the 4th quarter valued at $36,000. Montag A & Associates Inc. acquired a new stake in shares of Huntsman in the 4th quarter valued at $45,000. Fidelis Capital Partners LLC acquired a new stake in shares of Huntsman in the 1st quarter valued at $45,000. Finally, Quarry LP bought a new stake in shares of Huntsman during the fourth quarter worth $52,000. 84.81% of the stock is owned by institutional investors and hedge funds.

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.