Huntsman (NYSE:HUN) Sets New 52-Week Low – Time to Sell?

Huntsman Co. (NYSE:HUN)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $18.65 and last traded at $18.67, with a volume of 52570 shares trading hands. The stock had previously closed at $19.07.

Analysts Set New Price Targets

HUN has been the topic of several analyst reports. UBS Group dropped their target price on Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Royal Bank of Canada upped their price target on shares of Huntsman from $21.00 to $24.00 and gave the stock a “sector perform” rating in a research note on Friday, October 11th. Finally, Wells Fargo & Company cut their price objective on shares of Huntsman from $26.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $25.43.

Huntsman Stock Down 0.1 %

The stock has a market cap of $3.30 billion, a PE ratio of -27.61 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.47 and a quick ratio of 0.83. The company has a 50 day moving average price of $21.15 and a two-hundred day moving average price of $22.11.

Huntsman (NYSE:HUN) last released its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.55 billion. Huntsman had a negative return on equity of 0.03% and a negative net margin of 1.99%. Huntsman’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the company earned $0.15 EPS. Analysts expect that Huntsman Co. will post 0.09 EPS for the current year.

Huntsman Announces Dividend

The business 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 dividend of $0.25 per share. The ex-dividend date is Friday, December 13th. This represents a $1.00 annualized dividend and a dividend yield of 5.25%. Huntsman’s payout ratio is -144.93%.

Insider Activity at Huntsman

In other Huntsman news, Director Mary C. Beckerle sold 20,201 shares of the firm’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 legal filing with the SEC, which is available through this hyperlink. 5.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Huntsman

Hedge funds and other institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC raised its holdings in Huntsman by 1.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 6,657,819 shares of the basic materials company’s stock worth $151,599,000 after purchasing an additional 97,082 shares during the period. Millennium Management LLC increased its position in Huntsman by 5.2% in the second quarter. Millennium Management LLC now owns 4,891,928 shares of the basic materials company’s stock worth $111,389,000 after buying an additional 243,821 shares in the last quarter. 1832 Asset Management L.P. raised its stake in shares of Huntsman by 54.0% in the second quarter. 1832 Asset Management L.P. now owns 4,415,264 shares of the basic materials company’s stock worth $100,536,000 after buying an additional 1,547,344 shares during the period. State Street Corp raised its stake in shares of Huntsman by 2.2% in the third quarter. State Street Corp now owns 3,301,850 shares of the basic materials company’s stock worth $79,905,000 after buying an additional 70,382 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its position in shares of Huntsman by 1.1% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 3,055,267 shares of the basic materials company’s stock valued at $73,937,000 after buying an additional 31,883 shares in the last quarter. Hedge funds and other institutional investors own 84.81% of the company’s stock.

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.