Alpine Woods Capital Investors LLC increased its stake in shares of Huntsman Corp (NYSE:HUN) by 56.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 352,605 shares of the basic materials company’s stock after acquiring an additional 127,605 shares during the quarter. Alpine Woods Capital Investors LLC owned approximately 0.15% of Huntsman worth $10,314,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of HUN. Cerebellum GP LLC bought a new position in Huntsman during the fourth quarter worth $128,000. Kohmann Bosshard Financial Services LLC bought a new position in Huntsman during the fourth quarter worth $133,000. American International Group Inc. bought a new position in Huntsman during the fourth quarter worth $149,000. Jump Trading LLC bought a new position in Huntsman during the fourth quarter worth $205,000. Finally, MML Investors Services LLC bought a new position in Huntsman during the fourth quarter worth $208,000. 79.02% of the stock is currently owned by institutional investors and hedge funds.
HUN has been the topic of several research analyst reports. Jefferies Group increased their target price on shares of Huntsman to $43.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. ValuEngine lowered shares of Huntsman from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 17th. KeyCorp increased their target price on shares of Huntsman from $37.00 to $42.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. Nomura lowered shares of Huntsman from a “buy” rating to a “neutral” rating and cut their target price for the stock from $40.00 to $36.00 in a research note on Tuesday, March 20th. Finally, Instinet reissued a “neutral” rating on shares of Huntsman in a research note on Tuesday, March 20th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $36.27.
Huntsman (NYSE:HUN) last released its quarterly earnings data on Tuesday, May 1st. The basic materials company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.19. Huntsman had a net margin of 8.98% and a return on equity of 27.32%. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same period last year, the firm earned $0.57 earnings per share. The business’s quarterly revenue was up 18.8% compared to the same quarter last year. equities research analysts predict that Huntsman Corp will post 3.09 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be paid a $0.1625 dividend. This represents a $0.65 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Thursday, June 14th. Huntsman’s dividend payout ratio (DPR) is 26.21%.
Huntsman announced that its Board of Directors has approved a stock buyback plan on Friday, February 23rd that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the basic materials company to buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.
In other news, VP J Kimo Esplin sold 34,399 shares of the stock in a transaction dated Monday, May 14th. The shares were sold at an average price of $31.81, for a total value of $1,094,232.19. Following the completion of the sale, the vice president now owns 398,973 shares in the company, valued at $12,691,331.13. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Monte G. Edlund sold 2,000 shares of the stock in a transaction dated Saturday, February 17th. The shares were sold at an average price of $21.40, for a total transaction of $42,800.00. Following the completion of the sale, the insider now owns 52,696 shares of the company’s stock, valued at approximately $1,127,694.40. The disclosure for this sale can be found here. Insiders sold 52,505 shares of company stock worth $1,663,537 over the last ninety days. Insiders own 19.00% of the company’s stock.
Huntsman Corporation, through its subsidiary, Huntsman International LLC, manufactures and sells differentiated organic chemical products worldwide. The company operates in four segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyols, thermoplastic polyurethane, propylene oxide, and methyl tertiary-butyl ether products.
Want to see what other hedge funds are holding HUN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntsman Corp (NYSE:HUN).
Receive News & Ratings for Huntsman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntsman and related companies with MarketBeat.com's FREE daily email newsletter.