PNC Financial Services Group Inc. increased its holdings in shares of Huntsman Corporation (NYSE:HUN) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,889 shares of the basic materials company’s stock after acquiring an additional 192 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Huntsman Corporation were worth $746,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of HUN. SG Americas Securities LLC acquired a new position in shares of Huntsman Corporation during the 1st quarter worth approximately $122,000. Opera Trading Capital acquired a new position in shares of Huntsman Corporation during the 2nd quarter worth approximately $129,000. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Huntsman Corporation by 0.4% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,385 shares of the basic materials company’s stock worth $139,000 after acquiring an additional 24 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Huntsman Corporation by 9.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,863 shares of the basic materials company’s stock worth $203,000 after acquiring an additional 705 shares during the last quarter. Finally, CIBC Asset Management Inc acquired a new position in shares of Huntsman Corporation during the 2nd quarter worth approximately $207,000. 75.10% of the stock is currently owned by institutional investors and hedge funds.
Huntsman Corporation (NYSE HUN) opened at 27.38 on Thursday. The firm has a market capitalization of $6.57 billion, a price-to-earnings ratio of 15.52 and a beta of 2.79. The firm has a 50-day moving average price of $27.25 and a 200-day moving average price of $25.76. Huntsman Corporation has a one year low of $15.38 and a one year high of $28.67.
Huntsman Corporation (NYSE:HUN) last released its earnings results on Thursday, July 27th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.18. Huntsman Corporation had a return on equity of 30.04% and a net margin of 4.33%. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same period last year, the business posted $0.53 earnings per share. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. Analysts expect that Huntsman Corporation will post $2.33 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend was Thursday, September 14th. Huntsman Corporation’s dividend payout ratio is currently 28.41%.
HUN has been the topic of a number of recent analyst reports. BidaskClub raised Huntsman Corporation from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. Jefferies Group LLC reissued a “buy” rating and set a $29.00 target price on shares of Huntsman Corporation in a report on Friday, July 14th. Instinet reissued a “buy” rating and set a $30.00 target price on shares of Huntsman Corporation in a report on Sunday, July 9th. Alembic Global Advisors set a $28.00 target price on Huntsman Corporation and gave the stock a “buy” rating in a report on Thursday, July 27th. Finally, KeyCorp reissued a “buy” rating and set a $34.00 target price on shares of Huntsman Corporation in a report on Friday, September 1st. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $30.60.
Huntsman Corporation Company Profile
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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