M Holdings Securities Inc. Invests $226,000 in Huntsman Co. (NYSE:HUN)

M Holdings Securities Inc. bought a new position in shares of Huntsman Co. (NYSE:HUNGet Rating) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,031 shares of the basic materials company’s stock, valued at approximately $226,000.

A number of other institutional investors and hedge funds have also modified their holdings of HUN. Starboard Value LP increased its stake in shares of Huntsman by 55.4% during the fourth quarter. Starboard Value LP now owns 18,026,236 shares of the basic materials company’s stock worth $628,755,000 after purchasing an additional 6,428,092 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Huntsman by 773.3% during the first quarter. First Trust Advisors LP now owns 7,122,627 shares of the basic materials company’s stock worth $267,170,000 after purchasing an additional 6,307,003 shares in the last quarter. Westwood Holdings Group Inc. increased its stake in shares of Huntsman by 409.6% during the fourth quarter. Westwood Holdings Group Inc. now owns 2,735,693 shares of the basic materials company’s stock worth $95,420,000 after purchasing an additional 2,198,907 shares in the last quarter. Invesco Ltd. boosted its position in Huntsman by 69.8% during the first quarter. Invesco Ltd. now owns 4,556,712 shares of the basic materials company’s stock worth $170,921,000 after acquiring an additional 1,873,388 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its position in Huntsman by 349.4% during the first quarter. Acadian Asset Management LLC now owns 1,408,188 shares of the basic materials company’s stock worth $52,792,000 after acquiring an additional 1,094,805 shares during the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Insider Buying and Selling

In other Huntsman news, VP David M. Stryker bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 12th. The shares were purchased at an average cost of $29.90 per share, with a total value of $299,000.00. Following the purchase, the vice president now directly owns 341,614 shares in the company, valued at $10,214,258.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP David M. Stryker acquired 10,000 shares of the company’s stock in a transaction on Friday, August 12th. The shares were bought at an average cost of $29.90 per share, with a total value of $299,000.00. Following the transaction, the vice president now owns 341,614 shares in the company, valued at approximately $10,214,258.60. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Curtis E. Espeland acquired 15,000 shares of the company’s stock in a transaction on Thursday, August 11th. The stock was purchased at an average cost of $30.18 per share, for a total transaction of $452,700.00. Following the completion of the transaction, the director now owns 18,533 shares in the company, valued at approximately $559,325.94. The disclosure for this purchase can be found here. 6.40% of the stock is owned by insiders.

Huntsman Stock Performance

Shares of HUN stock opened at $25.68 on Monday. The firm’s 50 day moving average price is $28.76 and its 200-day moving average price is $32.44. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.26 and a current ratio of 2.12. Huntsman Co. has a one year low of $24.87 and a one year high of $41.65. The firm has a market cap of $5.17 billion, a P/E ratio of 4.42, a P/E/G ratio of 1.03 and a beta of 1.15.

Huntsman (NYSE:HUNGet Rating) last announced its earnings results 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 firm had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.30 billion. During the same period in the prior year, the firm earned $0.86 EPS. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. As a group, equities research analysts predict that Huntsman Co. will post 4.29 EPS for the current year.

Huntsman Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be paid a dividend of $0.2125 per share. This represents a $0.85 annualized dividend and a yield of 3.31%. The ex-dividend date is Wednesday, September 14th. Huntsman’s payout ratio is currently 14.63%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Bank of America lowered shares of Huntsman from a “buy” rating to an “underperform” rating and lowered their price target for the stock from $45.00 to $34.00 in a research report on Tuesday, June 14th. Citigroup lowered their price target on shares of Huntsman from $35.00 to $34.00 in a research report on Thursday, August 4th. Wells Fargo & Company decreased their target price on shares of Huntsman from $42.00 to $35.00 and set an “overweight” rating on the stock in a report on Wednesday, June 22nd. Credit Suisse Group assumed coverage on shares of Huntsman in a report on Monday, September 12th. They issued an “outperform” rating and a $33.00 target price on the stock. Finally, Royal Bank of Canada boosted their target price on shares of Huntsman from $39.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday, August 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Huntsman has an average rating of “Moderate Buy” and an average target price of $42.50.

Huntsman 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.

See Also

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Institutional Ownership by Quarter for Huntsman (NYSE:HUN)

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