Huntsman Co. (NYSE:HUN) Stock Holdings Increased by Panagora Asset Management Inc.

Panagora Asset Management Inc. grew its holdings in shares of Huntsman Co. (NYSE:HUN - Free Report) by 3.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 789,140 shares of the basic materials company's stock after purchasing an additional 28,295 shares during the period. Panagora Asset Management Inc. owned approximately 0.43% of Huntsman worth $21,591,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. McIlrath & Eck LLC grew its position in Huntsman by 84.3% in the 1st quarter. McIlrath & Eck LLC now owns 901 shares of the basic materials company's stock valued at $25,000 after buying an additional 412 shares in the last quarter. Pathstone Family Office LLC increased its stake in shares of Huntsman by 3.4% during the fourth quarter. Pathstone Family Office LLC now owns 12,569 shares of the basic materials company's stock valued at $156,000 after acquiring an additional 418 shares during the period. Creative Planning raised its holdings in Huntsman by 1.1% during the second quarter. Creative Planning now owns 41,382 shares of the basic materials company's stock worth $1,173,000 after purchasing an additional 444 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in Huntsman by 0.4% during the 1st quarter. Oppenheimer & Co. Inc. now owns 104,371 shares of the basic materials company's stock valued at $2,856,000 after purchasing an additional 446 shares in the last quarter. Finally, FourThought Financial Partners LLC increased its position in shares of Huntsman by 1.8% during the 1st quarter. FourThought Financial Partners LLC now owns 25,467 shares of the basic materials company's stock valued at $697,000 after purchasing an additional 458 shares during the period. 83.44% of the stock is currently owned by institutional investors.

NYSE:HUN opened at $27.73 on Thursday. The stock has a market cap of $4.93 billion, a PE ratio of 28.88 and a beta of 1.14. Huntsman Co. has a fifty-two week low of $23.52 and a fifty-two week high of $33.46. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.14 and a quick ratio of 1.28. The stock's 50-day moving average is $27.70 and its two-hundred day moving average is $27.21.

Huntsman (NYSE:HUN - Get Free Report) last released its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.08). The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.70 billion. Huntsman had a net margin of 2.64% and a return on equity of 5.75%. The firm's quarterly revenue was down 26.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.28 EPS. As a group, equities research analysts forecast that Huntsman Co. will post 0.82 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.2375 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.95 dividend on an annualized basis and a yield of 3.43%. Huntsman's payout ratio is 98.96%.

Several research analysts recently weighed in on HUN shares. VNET Group reaffirmed a "maintains" rating on shares of Huntsman in a research note on Tuesday, May 9th. 58.com reaffirmed an "initiates" rating on shares of Huntsman in a research note on Wednesday, June 14th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Huntsman from $29.00 to $27.00 in a research note on Tuesday, June 20th. Morgan Stanley reaffirmed an "overweight" rating and issued a $30.00 price target on shares of Huntsman in a report on Wednesday, August 2nd. Finally, Bank of America decreased their target price on Huntsman from $24.00 to $22.00 in a report on Thursday, June 22nd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $28.42.

Check Out Our Latest Report on Huntsman

In other news, VP David M. Stryker purchased 2,500 shares of the business's stock in a transaction dated Friday, June 2nd. The stock was bought at an average cost of $24.50 per share, with a total value of $61,250.00. Following the purchase, the vice president now directly owns 385,502 shares of the company's stock, valued at $9,444,799. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.60% of the company's stock.

Huntsman Corporation manufactures and sells diversified organic chemical products worldwide. The company operates through 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.

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