Larson Financial Group LLC Boosts Stock Position in Huntsman Co. (NYSE:HUN)

Larson Financial Group LLC boosted its holdings in shares of Huntsman Co. (NYSE:HUN) by 14.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,261 shares of the basic materials company’s stock after acquiring an additional 1,163 shares during the quarter. Larson Financial Group LLC’s holdings in Huntsman were worth $224,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of HUN. Matrix Trust Co purchased a new stake in shares of Huntsman in the 3rd quarter worth $25,000. nVerses Capital LLC lifted its holdings in shares of Huntsman by 1,250.0% in the 2nd quarter. nVerses Capital LLC now owns 2,700 shares of the basic materials company’s stock worth $61,000 after buying an additional 2,500 shares during the period. Innealta Capital LLC purchased a new stake in shares of Huntsman in the 2nd quarter worth $65,000. Capital Performance Advisors LLP purchased a new stake in shares of Huntsman in the 3rd quarter worth $78,000. Finally, Quarry LP lifted its holdings in shares of Huntsman by 64.8% in the 2nd quarter. Quarry LP now owns 3,664 shares of the basic materials company’s stock worth $83,000 after buying an additional 1,441 shares during the period. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Insider Activity

In other news, Director Mary C. Beckerle sold 20,201 shares of the 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 document filed with the SEC, which is available through this link. Corporate insiders own 6.10% of the company’s stock.

Huntsman Trading Up 0.8 %

Shares of NYSE:HUN opened at $19.58 on Thursday. The business’s 50-day moving average is $22.16 and its 200 day moving average is $22.58. Huntsman Co. has a 1 year low of $19.11 and a 1 year high of $27.01. The firm has a market capitalization of $3.39 billion, a P/E ratio of -28.15 and a beta of 1.02. 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 (NYSE:HUN) last announced its earnings results on Monday, November 4th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, meeting 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 company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period in the prior year, the company posted $0.15 EPS. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, research analysts predict that Huntsman Co. will post 0.09 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date is Friday, December 13th. Huntsman’s dividend payout ratio is presently -144.93%.

Analyst Ratings Changes

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