Twelve Points Wealth Management LLC Buys 4,368 Shares of Huntsman Co. (NYSE:HUN)

Twelve Points Wealth Management LLC grew its stake in shares of Huntsman Co. (NYSE:HUN) by 14.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,403 shares of the basic materials company’s stock after buying an additional 4,368 shares during the period. Twelve Points Wealth Management LLC’s holdings in Huntsman were worth $865,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of HUN. BlackRock Inc. increased its position in Huntsman by 1.6% in the first quarter. BlackRock Inc. now owns 13,441,732 shares of the basic materials company’s stock worth $367,766,000 after purchasing an additional 215,413 shares during the last quarter. FMR LLC increased its position in Huntsman by 2.2% in the third quarter. FMR LLC now owns 8,379,307 shares of the basic materials company’s stock worth $204,455,000 after purchasing an additional 183,734 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Huntsman by 2.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 6,463,817 shares of the basic materials company’s stock worth $157,717,000 after purchasing an additional 152,667 shares during the last quarter. Stifel Financial Corp increased its position in Huntsman by 0.5% in the second quarter. Stifel Financial Corp now owns 5,719,453 shares of the basic materials company’s stock worth $154,540,000 after purchasing an additional 28,931 shares during the last quarter. Finally, Macquarie Group Ltd. increased its position in Huntsman by 1.2% in the second quarter. Macquarie Group Ltd. now owns 5,079,604 shares of the basic materials company’s stock worth $144,007,000 after purchasing an additional 58,676 shares during the last quarter. Institutional investors own 83.44% of the company’s stock.

Analyst Upgrades and Downgrades

HUN has been the topic of several research reports. Royal Bank of Canada boosted their price target on shares of Huntsman from $20.00 to $24.00 and gave the stock a “sector perform” rating in a research report on Friday, February 23rd. Morgan Stanley reiterated an “equal weight” rating and set a $28.00 price objective on shares of Huntsman in a research report on Monday, December 11th. Stifel Nicolaus cut their price objective on shares of Huntsman from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Wednesday, January 24th. Wells Fargo & Company upgraded shares of Huntsman from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $25.00 to $32.00 in a research report on Friday, February 23rd. Finally, The Goldman Sachs Group boosted their price objective on shares of Huntsman from $25.00 to $28.00 and gave the company a “sell” rating in a research report on Tuesday, March 5th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $26.55.

Huntsman Stock Down 0.3 %

NYSE:HUN traded down $0.07 during mid-day trading on Friday, reaching $25.51. The company’s stock had a trading volume of 1,872,090 shares, compared to its average volume of 2,087,486. Huntsman Co. has a 1 year low of $22.14 and a 1 year high of $29.90. The stock has a fifty day moving average of $24.78 and a 200-day moving average of $24.61. The firm has a market capitalization of $4.39 billion, a PE ratio of 48.13 and a beta of 1.11. The company has a quick ratio of 1.23, a current ratio of 1.97 and a debt-to-equity ratio of 0.48.

Huntsman (NYSE:HUN) last released its quarterly earnings data on Thursday, February 22nd. The basic materials company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.07). Huntsman had a return on equity of 1.92% and a net margin of 1.65%. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same period last year, the company earned $0.04 earnings per share. The firm’s revenue was down 15.0% compared to the same quarter last year. Equities research analysts forecast that Huntsman Co. will post 0.55 earnings per share for the current year.

Huntsman Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This is a positive change from Huntsman’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 3.92%. Huntsman’s dividend payout ratio is 188.68%.

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.