Huntsman (NYSE:HUN) Hits New 1-Year Low – Should You Sell?

Huntsman Co. (NYSE:HUN) reached a new 52-week low during trading on Monday . The stock traded as low as $17.64 and last traded at $17.64, with a volume of 401 shares trading hands. The stock had previously closed at $17.78.

Analysts Set New Price Targets

A number of research firms have commented on HUN. Wells Fargo & Company decreased their target price on shares of Huntsman from $26.00 to $25.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 6th. Royal Bank of Canada cut their price target on Huntsman from $23.00 to $20.00 and set a “sector perform” rating for the company in a research note on Thursday, December 19th. 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. Finally, UBS Group dropped their price target on Huntsman from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $24.14.

Huntsman Stock Down 0.8 %

The business’s fifty day moving average is $20.06 and its two-hundred day moving average is $21.67. The company has a market cap of $3.05 billion, a P/E ratio of -25.57 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.83 and a current ratio of 1.47.

Huntsman (NYSE:HUN) last posted 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 quarter in the previous year, the firm earned $0.15 earnings per share. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. Equities analysts predict that Huntsman Co. will post 0.09 EPS for the current year.

Huntsman Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, December 13th. This represents a $1.00 annualized dividend and a yield of 5.67%. Huntsman’s dividend payout ratio (DPR) is -144.93%.

Insider Buying and Selling

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 value of $432,705.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Matrix Trust Co acquired a new position in shares of Huntsman during the 3rd quarter worth approximately $25,000. True Wealth Design LLC acquired a new stake in shares of Huntsman in the third quarter valued at about $62,000. nVerses Capital LLC increased its stake in shares of Huntsman by 1,250.0% during the second quarter. nVerses Capital LLC now owns 2,700 shares of the basic materials company’s stock worth $61,000 after purchasing an additional 2,500 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Huntsman during the 3rd quarter worth about $78,000. Finally, Quarry LP boosted its holdings in 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 last quarter. Institutional investors and hedge funds own 84.81% of the company’s stock.

Huntsman Company 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.