Traders Buy Large Volume of Put Options on Huntsman (HUN)

Huntsman Co. (NYSE:HUN) was the recipient of some unusual options trading on Friday. Investors bought 14,584 put options on the stock. This represents an increase of 2,561% compared to the typical daily volume of 548 put options.

Several equities research analysts have weighed in on the company. ValuEngine cut Huntsman from a “strong-buy” rating to a “buy” rating in a report on Friday, December 15th. Alembic Global Advisors reiterated a “buy” rating on shares of Huntsman in a report on Monday, November 6th. Nomura increased their price objective on Huntsman from $30.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, September 19th. UBS Group increased their price objective on Huntsman from $31.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, September 19th. Finally, Goldman Sachs Group reiterated a “hold” rating and issued a $36.00 price objective on shares of Huntsman in a report on Monday, December 4th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $33.00.

In related news, VP J Kimo Esplin sold 428,571 shares of the stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $31.54, for a total transaction of $13,517,129.34. Following the completion of the sale, the vice president now directly owns 925,271 shares in the company, valued at approximately $29,183,047.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Anthony P. Hankins sold 80,000 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 442,615 shares of the company’s stock, valued at $14,110,566.20. The disclosure for this sale can be found here. Insiders have sold a total of 25,210,738 shares of company stock worth $561,179,159 over the last quarter. Corporate insiders own 19.00% of the company’s stock.

Large investors have recently made changes to their positions in the company. Mckinley Capital Management LLC Delaware bought a new position in shares of Huntsman in the 2nd quarter worth approximately $106,000. Harvest Fund Management Co. Ltd bought a new position in shares of Huntsman in the 2nd quarter worth approximately $109,000. Assetmark Inc. raised its position in shares of Huntsman by 1,658.4% in the 3rd quarter. Assetmark Inc. now owns 3,974 shares of the basic materials company’s stock worth $109,000 after acquiring an additional 3,748 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Huntsman by 9.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,281 shares of the basic materials company’s stock worth $188,000 after acquiring an additional 610 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Huntsman by 9.8% in 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 in the last quarter. 75.45% of the stock is owned by hedge funds and other institutional investors.

Huntsman (HUN) opened at $34.56 on Monday. Huntsman has a 52-week low of $19.52 and a 52-week high of $35.00. The stock has a market capitalization of $8,294.68, a P/E ratio of 16.23, a PEG ratio of 1.73 and a beta of 2.85. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.87 and a quick ratio of 1.52.

Huntsman (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 consensus estimate of $0.50 by $0.17. Huntsman had a return on equity of 30.64% and a net margin of 5.37%. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter in the prior year, the company earned $0.38 EPS. The business’s revenue was up 18.5% compared to the same quarter last year. research analysts expect that Huntsman will post 2.74 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend was Thursday, December 14th. Huntsman’s dividend payout ratio is currently 23.47%.

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Huntsman 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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