Huntsman Corporation (NYSE:HUN) Chairman Jon M. Huntsman sold 383,610 shares of Huntsman Corporation stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $31.58, for a total value of $12,114,403.80. Following the transaction, the chairman now owns 115,206 shares of the company’s stock, valued at approximately $3,638,205.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Huntsman Corporation (NYSE:HUN) last announced its earnings results on Friday, October 27th. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.17. Huntsman Corporation had a net margin of 5.37% and a return on equity of 30.64%. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same quarter last year, the business earned $0.38 earnings per share. Huntsman Corporation’s revenue was up 18.5% compared to the same quarter last year.
A number of hedge funds and other institutional investors have recently made changes to their positions in HUN. SG Americas Securities LLC acquired a new stake in Huntsman Corporation during the first quarter worth approximately $122,000. Wellington Management Group LLP acquired a new stake in Huntsman Corporation during the first quarter worth approximately $1,308,000. FMR LLC boosted its position in Huntsman Corporation by 10.8% during the first quarter. FMR LLC now owns 989,652 shares of the basic materials company’s stock worth $24,286,000 after acquiring an additional 96,781 shares during the last quarter. New York State Teachers Retirement System boosted its position 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 acquiring an additional 100 shares during the last quarter. Finally, BlackRock Inc. boosted its position in Huntsman Corporation by 12,556.8% during the first quarter. BlackRock Inc. now owns 10,242,161 shares of the basic materials company’s stock worth $251,343,000 after acquiring an additional 10,161,239 shares during the last quarter. Hedge funds and other institutional investors own 75.00% of the company’s stock.
HUN has been the subject of several recent analyst reports. BidaskClub upgraded Huntsman Corporation from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th. Instinet restated a “buy” rating and issued a $30.00 price target on shares of Huntsman Corporation in a research note on Sunday, July 9th. Jefferies Group LLC restated a “buy” rating and issued a $29.00 price target on shares of Huntsman Corporation in a research note on Friday, July 14th. KeyCorp upgraded Huntsman Corporation from a “sector weight” rating to an “overweight” rating and set a $34.00 price target for the company in a research note on Monday, July 24th. Finally, Alembic Global Advisors set a $28.00 price target on Huntsman Corporation and gave the company a “buy” rating in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $31.55.
About Huntsman Corporation
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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