31,539 Shares in Huntsman Co. (NYSE:HUN) Bought by First Hawaiian Bank

First Hawaiian Bank acquired a new position in Huntsman Co. (NYSE:HUN) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 31,539 shares of the basic materials company’s stock, valued at approximately $569,000.

Other large investors also recently modified their holdings of the company. Millennium Management LLC lifted its position 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 purchasing an additional 243,821 shares in the last quarter. 1832 Asset Management L.P. lifted its position 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 purchasing an additional 1,547,344 shares in the last quarter. State Street Corp lifted its position in Huntsman by 2.2% during the third quarter. State Street Corp now owns 3,301,850 shares of the basic materials company’s stock valued at $79,905,000 after purchasing an additional 70,382 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in Huntsman by 1.1% during the third 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 purchasing an additional 31,883 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Huntsman by 1.6% during the third quarter. Geode Capital Management LLC now owns 2,583,522 shares of the basic materials company’s stock valued at $62,538,000 after purchasing an additional 40,330 shares in the last quarter. Institutional investors own 84.81% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on HUN. Wells Fargo & Company lowered their target price on Huntsman from $26.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 6th. UBS Group lowered their price objective on Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Citigroup lowered their price objective on Huntsman from $22.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. Mizuho lowered their price objective on Huntsman from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Royal Bank of Canada lowered their price objective on Huntsman from $23.00 to $20.00 and set a “sector perform” rating on the stock in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $23.75.

Insiders Place Their Bets

In other Huntsman news, Director Mary C. Beckerle sold 20,201 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $21.42, for a total transaction of $432,705.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.60% of the stock is currently owned by insiders.

Huntsman Trading Down 1.9 %

Shares of HUN stock opened at $16.20 on Friday. Huntsman Co. has a 12-month low of $15.95 and a 12-month high of $27.01. The company has a current ratio of 1.47, a quick ratio of 0.83 and a debt-to-equity ratio of 0.45. The stock’s 50-day moving average price is $19.10 and its 200-day moving average price is $21.31. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of -23.48 and a beta of 0.97.

Huntsman (NYSE:HUN) last issued its quarterly earnings data 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 company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the previous year, the firm posted $0.15 earnings per share. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. Equities research analysts predict that Huntsman Co. will post 0.09 EPS for the current fiscal year.

Huntsman Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, December 13th. This represents a $1.00 annualized dividend and a yield of 6.17%. Huntsman’s payout ratio is currently -144.93%.

Huntsman Profile

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.