Huntsman (NYSE:HUN) Shares Down 3.5% – Should You Sell?

Huntsman Co. (NYSE:HUN) shares fell 3.5% on Tuesday . The stock traded as low as $13.27 and last traded at $13.24. 251,852 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 2,319,632 shares. The stock had previously closed at $13.72.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Morgan Stanley lowered their price objective on shares of Huntsman from $24.00 to $20.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. JPMorgan Chase & Co. dropped their price target on Huntsman from $25.00 to $22.00 and set an “overweight” rating for the company in a research report on Wednesday, February 19th. Mizuho lowered their price objective on Huntsman from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Royal Bank of Canada increased their price target on Huntsman from $17.00 to $18.00 and gave the company a “sector perform” rating in a report on Thursday, February 20th. Finally, Bank of America cut shares of Huntsman from a “buy” rating to a “neutral” rating and cut their price objective for the company from $22.00 to $15.00 in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $17.67.

Huntsman Trading Down 4.0 %

The company has a 50 day simple moving average of $16.19 and a 200 day simple moving average of $18.53. The company has a market capitalization of $2.29 billion, a PE ratio of -11.97 and a beta of 0.85. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.83 and a current ratio of 1.36.

Huntsman (NYSE:HUN) last released its quarterly earnings data on Monday, February 17th. The basic materials company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.45 billion. Analysts anticipate that Huntsman Co. will post 0.32 earnings per share for the current year.

Huntsman Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.59%. The ex-dividend date was Friday, March 14th. Huntsman’s payout ratio is -90.91%.

Institutional Trading of Huntsman

A number of institutional investors and hedge funds have recently bought and sold shares of HUN. R Squared Ltd purchased a new position in Huntsman in the 4th quarter valued at approximately $40,000. Quadrant Capital Group LLC increased its holdings in Huntsman by 74.9% during the 4th quarter. Quadrant Capital Group LLC now owns 2,232 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 956 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in Huntsman in the 4th quarter valued at about $60,000. Versant Capital Management Inc increased its position in shares of Huntsman by 2,388.4% in the 1st quarter. Versant Capital Management Inc now owns 4,081 shares of the basic materials company’s stock valued at $64,000 after purchasing an additional 3,917 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of Huntsman in the 4th quarter valued at $65,000. 84.81% of the stock is currently owned by hedge funds and other institutional investors.

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.