Huntsman Corporation (NYSE:HUN) CEO Anthony P. Hankins sold 80,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $31.88, for a total value of $2,550,400.00. Following the completion of the sale, the chief executive officer now directly owns 442,615 shares of the company’s stock, valued at $14,110,566.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Huntsman Corporation (NYSE:HUN) last released its quarterly earnings data on Friday, October 27th. The basic materials company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.17. Huntsman Corporation had a return on equity of 30.64% and a net margin of 5.37%. The firm had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same period in the prior year, the firm posted $0.38 earnings per share. The firm’s quarterly revenue was up 18.5% on a year-over-year basis.
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Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. DSAM Partners London Ltd acquired a new position in Huntsman Corporation during the second quarter worth $2,128,000. Chicago Equity Partners LLC lifted its stake in Huntsman Corporation by 1,462.7% during the second quarter. Chicago Equity Partners LLC now owns 443,035 shares of the basic materials company’s stock worth $11,448,000 after purchasing an additional 414,685 shares in the last quarter. CIBC World Markets Inc. lifted its stake in Huntsman Corporation by 133.4% during the second quarter. CIBC World Markets Inc. now owns 708,530 shares of the basic materials company’s stock worth $18,308,000 after purchasing an additional 404,905 shares in the last quarter. Royal Bank of Canada lifted its stake in Huntsman Corporation by 58.6% during the second quarter. Royal Bank of Canada now owns 398,112 shares of the basic materials company’s stock worth $10,287,000 after purchasing an additional 147,090 shares in the last quarter. Finally, New York State Teachers Retirement System lifted its stake in Huntsman Corporation by 0.6% during the first quarter. New York State Teachers Retirement System now owns 17,600 shares of the basic materials company’s stock worth $432,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 75.00% of the company’s stock.
Several equities research analysts have recently issued reports on the company. UBS AG raised their price objective on Huntsman Corporation from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Monday. Nomura raised their price objective on Huntsman Corporation to $40.00 and gave the company a “buy” rating in a research note on Monday. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $32.00 price objective on shares of Huntsman Corporation in a research note on Friday, October 27th. They noted that the move was a valuation call. KeyCorp reaffirmed a “buy” rating and issued a $34.00 price objective on shares of Huntsman Corporation in a research note on Tuesday, October 17th. Finally, Zacks Investment Research raised Huntsman Corporation from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Wednesday, October 11th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $31.55.
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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