NEXT Financial Group Inc Decreases Holdings in Huntsman Co. (NYSE:HUN)

Share on StockTwits

NEXT Financial Group Inc lessened its holdings in Huntsman Co. (NYSE:HUN) by 39.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 56,934 shares of the basic materials company’s stock after selling 37,579 shares during the quarter. NEXT Financial Group Inc’s holdings in Huntsman were worth $1,324,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of HUN. Foundry Partners LLC raised its holdings in shares of Huntsman by 0.4% in the second quarter. Foundry Partners LLC now owns 296,345 shares of the basic materials company’s stock valued at $6,057,000 after purchasing an additional 1,150 shares during the last quarter. M&T Bank Corp raised its holdings in shares of Huntsman by 9.8% in the second quarter. M&T Bank Corp now owns 12,902 shares of the basic materials company’s stock valued at $263,000 after purchasing an additional 1,156 shares during the last quarter. D.A. Davidson & CO. raised its holdings in shares of Huntsman by 11.3% in the second quarter. D.A. Davidson & CO. now owns 11,500 shares of the basic materials company’s stock valued at $235,000 after purchasing an additional 1,169 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Huntsman by 54.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 3,566 shares of the basic materials company’s stock valued at $72,000 after purchasing an additional 1,261 shares during the last quarter. Finally, HighTower Trust Services LTA raised its holdings in shares of Huntsman by 9.8% in the second quarter. HighTower Trust Services LTA now owns 15,490 shares of the basic materials company’s stock valued at $317,000 after purchasing an additional 1,381 shares during the last quarter. 74.43% of the stock is currently owned by institutional investors.

A number of analysts have recently issued reports on the stock. ValuEngine upgraded shares of Huntsman from a “sell” rating to a “hold” rating in a report on Tuesday, September 10th. UBS Group raised their target price on shares of Huntsman from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. SunTrust Banks decreased their target price on shares of Huntsman to $29.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Wells Fargo & Co initiated coverage on shares of Huntsman in a research note on Tuesday, October 15th. They issued an “outperform” rating and a $28.00 target price for the company. Finally, Alembic Global Advisors raised shares of Huntsman from a “neutral” rating to an “overweight” rating in a research note on Monday, September 23rd. Two analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. Huntsman presently has a consensus rating of “Hold” and a consensus price target of $26.25.

Shares of Huntsman stock traded down $0.22 during trading on Friday, reaching $23.48. The company’s stock had a trading volume of 1,418,445 shares, compared to its average volume of 2,493,616. The business’s 50-day moving average price is $22.84 and its 200-day moving average price is $20.88. The firm has a market cap of $5.44 billion, a PE ratio of 7.03, a P/E/G ratio of 1.89 and a beta of 2.34. Huntsman Co. has a 52 week low of $17.33 and a 52 week high of $25.66. The company has a quick ratio of 1.45, a current ratio of 1.96 and a debt-to-equity ratio of 0.97.

Huntsman (NYSE:HUN) last posted its quarterly earnings results on Friday, October 25th. The basic materials company reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01). The company had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.82 billion. Huntsman had a negative net margin of 0.99% and a positive return on equity of 17.06%. The firm’s revenue for the quarter was down 14.3% compared to the same quarter last year. During the same period last year, the firm earned $0.84 EPS. Equities analysts predict that Huntsman Co. will post 1.53 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.1625 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Thursday, December 12th. Huntsman’s dividend payout ratio (DPR) is presently 19.46%.

Huntsman Company Profile

Huntsman Corporation 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.

See Also: Net Asset Value

Institutional Ownership by Quarter for Huntsman (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.