Huntsman Co. (NYSE:HUN – Get Rating) was the recipient of a giant improve in brief curiosity in June. As of June fifteenth, there was brief curiosity totalling 8,730,000 shares, a rise of 53.4% from the Could thirty first complete of 5,690,000 shares. Presently, 4.4% of the shares of the inventory are brief bought. Primarily based on a mean each day buying and selling quantity, of two,630,000 shares, the days-to-cover ratio is presently 3.3 days.
A number of giant buyers have not too long ago modified their holdings of HUN. Starboard Worth LP boosted its stake in shares of Huntsman by 55.4% through the 4th quarter. Starboard Worth LP now owns 18,026,236 shares of the essential supplies firm’s inventory valued at $628,755,000 after shopping for a further 6,428,092 shares through the interval. First Belief Advisors LP raised its holdings in shares of Huntsman by 773.3% through the 1st quarter. First Belief Advisors LP now owns 7,122,627 shares of the essential supplies firm’s inventory valued at $267,170,000 after buying a further 6,307,003 shares within the final quarter. Westwood Holdings Group Inc. raised its holdings in shares of Huntsman by 409.6% through the 4th quarter. Westwood Holdings Group Inc. now owns 2,735,693 shares of the essential supplies firm’s inventory valued at $95,420,000 after buying a further 2,198,907 shares within the final quarter. Invesco Ltd. raised its holdings in shares of Huntsman by 69.8% through the 1st quarter. Invesco Ltd. now owns 4,556,712 shares of the essential supplies firm’s inventory valued at $170,921,000 after buying a further 1,873,388 shares within the final quarter. Lastly, Toronto Dominion Financial institution raised its holdings in shares of Huntsman by 159,083,200.0% through the 4th quarter. Toronto Dominion Financial institution now owns 1,590,833 shares of the essential supplies firm’s inventory valued at $55,488,000 after buying a further 1,590,832 shares within the final quarter. 84.02% of the inventory is owned by institutional buyers.
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Shares of NYSE:HUN opened at $28.61 on Friday. The inventory has a market capitalization of $6.00 billion, a price-to-earnings ratio of 5.29, a PEG ratio of 1.19 and a beta of 1.13. Huntsman has a 1-year low of $24.09 and a 1-year excessive of $41.65. The corporate has a debt-to-equity ratio of 0.34, a fast ratio of 1.23 and a present ratio of 1.88. The corporate has a 50 day transferring common value of $33.21 and a 200 day transferring common value of $35.46.
Huntsman (NYSE:HUN – Get Rating) final posted its quarterly earnings knowledge on Thursday, April twenty eighth. The essential supplies firm reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.19. Huntsman had a web margin of 13.16% and a return on fairness of 21.09%. The agency had income of $2.39 billion through the quarter, in comparison with analyst estimates of $2.28 billion. Throughout the identical quarter final yr, the enterprise posted $0.66 EPS. The corporate’s income was up 30.0% on a year-over-year foundation. On common, sell-side analysts count on that Huntsman will put up 4.47 EPS for the present fiscal yr.
The corporate additionally not too long ago disclosed a quarterly dividend, which was paid on Thursday, June thirtieth. Buyers of report on Wednesday, June fifteenth had been paid a $0.2125 dividend. This represents a $0.85 dividend on an annualized foundation and a yield of two.97%. The ex-dividend date of this dividend was Tuesday, June 14th. Huntsman’s dividend payout ratio is 15.71%.
Huntsman introduced that its Board of Administrators has initiated a share repurchase plan on Monday, March twenty eighth that authorizes the corporate to buyback $2.00 billion in shares. This buyback authorization authorizes the essential supplies firm to purchase as much as 24.4% of its shares via open market purchases. Shares buyback plans are usually an indication that the corporate’s management believes its inventory is undervalued.
HUN has been the subject of quite a few latest analyst experiences. Barclays diminished their value goal on Huntsman from $42.00 to $40.00 and set an “equal weight” score on the inventory in a analysis be aware on Monday, March twenty eighth. Financial institution of America lowered Huntsman from a “purchase” score to an “underperform” score and diminished their value goal for the inventory from $45.00 to $34.00 in a analysis be aware on Tuesday, June 14th. KeyCorp lowered Huntsman from an “obese” score to a “sector weight” score in a analysis be aware on Monday, March twenty first. Wells Fargo & Firm diminished their value goal on Huntsman from $42.00 to $35.00 and set an “obese” score on the inventory in a analysis be aware on Wednesday, June twenty second. Lastly, Deutsche Financial institution Aktiengesellschaft diminished their value goal on Huntsman from $46.00 to $40.00 in a analysis be aware on Monday, Could 2nd. One equities analysis analyst has rated the inventory with a promote score, two have issued a maintain score and ten have issued a purchase score to the corporate’s inventory. In accordance with knowledge from MarketBeat, the inventory has a mean score of “Average Purchase” and a consensus value goal of $45.45.
Huntsman Firm Profile (Get Rating)
Huntsman Company manufactures and sells differentiated natural chemical merchandise worldwide. The corporate operates via 4 segments: Polyurethanes, Efficiency Merchandise, Superior Supplies, and Textile Results. The Polyurethanes phase provides polyurethane chemical substances, together with methyl diphenyl diisocyanate, polyols, thermoplastic polyurethane, propylene oxide, and methyl tertiary-butyl ether merchandise.
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