Rossmore Private Capital Purchases New Position in Huntsman Co. (NYSE:HUN)

Rossmore Private Capital purchased a new stake in shares of Huntsman Co. (NYSE:HUN) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,350 shares of the basic materials company’s stock, valued at approximately $202,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its stake in Huntsman by 1.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 6,657,819 shares of the basic materials company’s stock valued at $151,599,000 after buying an additional 97,082 shares during the last quarter. Millennium Management LLC boosted its stake in Huntsman by 5.2% during the second quarter. Millennium Management LLC now owns 4,891,928 shares of the basic materials company’s stock valued at $111,389,000 after buying an additional 243,821 shares during the last quarter. 1832 Asset Management L.P. boosted its stake in Huntsman by 54.0% during the second quarter. 1832 Asset Management L.P. now owns 4,415,264 shares of the basic materials company’s stock valued at $100,536,000 after buying an additional 1,547,344 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Huntsman by 9.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,408,592 shares of the basic materials company’s stock valued at $62,697,000 after buying an additional 203,396 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Huntsman by 52.4% during the second quarter. Victory Capital Management Inc. now owns 2,358,390 shares of the basic materials company’s stock valued at $53,701,000 after buying an additional 811,099 shares during the last quarter. 84.81% of the stock is owned by institutional investors.

Insider Buying and Selling at Huntsman

In other news, Director Mary C. Beckerle sold 20,201 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $21.42, for a total value of $432,705.42. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 6.10% of the company’s stock.

Huntsman Price Performance

HUN opened at $19.50 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.47 and a quick ratio of 0.83. Huntsman Co. has a 12 month low of $19.48 and a 12 month high of $27.01. The stock has a fifty day moving average price of $22.59 and a 200-day moving average price of $22.93.

Huntsman (NYSE:HUN) last announced its earnings results on Monday, November 4th. The basic materials company reported $0.10 earnings per share for the quarter, hitting the consensus estimate of $0.10. Huntsman had a negative return on equity of 0.03% and a negative net margin of 1.99%. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the previous year, the business earned $0.15 EPS. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, equities research analysts expect that Huntsman Co. will post 0.13 earnings per share for the current year.

Huntsman Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.00 annualized dividend and a yield of 5.13%. Huntsman’s payout ratio is presently -144.93%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on HUN shares. UBS Group lowered their price objective on Huntsman from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Wells Fargo & Company lowered their price objective on Huntsman from $26.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, November 6th. Royal Bank of Canada increased their price target on Huntsman from $21.00 to $24.00 and gave the stock a “sector perform” rating in a report on Friday, October 11th. Finally, JPMorgan Chase & Co. reduced their price target on Huntsman from $27.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Huntsman currently has an average rating of “Hold” and an average price target of $25.75.

About Huntsman

Huntsman Corporation manufactures and sells diversified organic chemical products worldwide. The company operates in three segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyether and polyester polyols, and thermoplastic polyurethane; and aniline, benzene, nitrobenzene and other co-products.