Huntsman Co. (HUN) To Go Ex-Dividend on September 14th

Huntsman Co. (NYSE:HUNGet Rating) announced a quarterly dividend on Thursday, August 4th, RTT News reports. Investors of record on Thursday, September 15th will be given a dividend of 0.2125 per share by the basic materials company on Friday, September 30th. This represents a $0.85 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend is Wednesday, September 14th.

Huntsman has a dividend payout ratio of 19.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Huntsman to earn $4.46 per share next year, which means the company should continue to be able to cover its $0.85 annual dividend with an expected future payout ratio of 19.1%.

Huntsman Price Performance

Shares of HUN stock opened at $28.92 on Friday. The firm has a market cap of $5.82 billion, a P/E ratio of 4.98, a P/E/G ratio of 1.12 and a beta of 1.16. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.12 and a quick ratio of 1.23. Huntsman has a 1-year low of $24.09 and a 1-year high of $41.65. The firm has a fifty day moving average of $30.29 and a two-hundred day moving average of $34.43.

Huntsman (NYSE:HUNGet Rating) last announced its quarterly earnings data on Tuesday, August 2nd. The basic materials company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.14. Huntsman had a net margin of 13.45% and a return on equity of 22.23%. The company had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same period last year, the business earned $0.86 EPS. The firm’s revenue for the quarter was up 16.7% compared to the same quarter last year. As a group, research analysts anticipate that Huntsman will post 4.45 earnings per share for the current fiscal year.

Institutional Trading of Huntsman

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. raised its holdings in shares of Huntsman by 33.6% in the 1st quarter. American Century Companies Inc. now owns 27,472 shares of the basic materials company’s stock worth $1,030,000 after purchasing an additional 6,907 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of Huntsman by 42.3% in the 1st quarter. HighTower Advisors LLC now owns 13,414 shares of the basic materials company’s stock worth $506,000 after purchasing an additional 3,986 shares in the last quarter. MetLife Investment Management LLC bought a new stake in shares of Huntsman in the 1st quarter worth approximately $155,000. BlackRock Inc. increased its position in shares of Huntsman by 0.4% in the first quarter. BlackRock Inc. now owns 12,672,792 shares of the basic materials company’s stock worth $475,358,000 after acquiring an additional 47,739 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its position in shares of Huntsman by 9.0% in the first quarter. Great West Life Assurance Co. Can now owns 14,250 shares of the basic materials company’s stock worth $565,000 after acquiring an additional 1,173 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on HUN shares. Citigroup decreased their price target on shares of Huntsman from $35.00 to $34.00 in a report on Thursday. StockNews.com lowered shares of Huntsman from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 15th. UBS Group lowered shares of Huntsman from a “buy” rating to a “neutral” rating and set a $40.00 price target for the company. in a report on Wednesday. Wells Fargo & Company cut their price objective on shares of Huntsman from $42.00 to $35.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 22nd. Finally, Bank of America downgraded shares of Huntsman from a “buy” rating to an “underperform” rating and cut their price objective for the company from $45.00 to $34.00 in a research report on Tuesday, June 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $43.77.

Huntsman Company Profile

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Huntsman Corporation manufactures and sells differentiated organic chemical products worldwide. The company operates through 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.

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Dividend History for Huntsman (NYSE:HUN)

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