Huntsman Corporation (HUN) Chairman Sells $12,114,403.80 in Stock
Huntsman Corporation (NYSE:HUN) Chairman Jon M. Huntsman sold 383,610 shares of the firm’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $31.58, for a total transaction of $12,114,403.80. Following the completion of the sale, the chairman now owns 115,206 shares of the company’s stock, valued at approximately $3,638,205.48. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Huntsman Corporation (NYSE:HUN) last announced its quarterly earnings results on Friday, October 27th. The basic materials company reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.17. The business had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Huntsman Corporation had a return on equity of 34.90% and a net margin of 5.37%. The business’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 EPS.
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Institutional investors and hedge funds have recently bought and sold shares of the company. Mckinley Capital Management LLC Delaware purchased a new stake in Huntsman Corporation in the second quarter worth $106,000. Harvest Fund Management Co. Ltd bought a new stake in Huntsman Corporation in the second quarter worth $109,000. SG Americas Securities LLC bought a new stake in Huntsman Corporation in the first quarter worth $122,000. Opera Trading Capital bought a new stake in Huntsman Corporation in the second quarter worth $129,000. Finally, Bronfman E.L. Rothschild L.P. boosted its holdings in Huntsman Corporation by 0.4% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,385 shares of the basic materials company’s stock worth $139,000 after acquiring an additional 24 shares in the last quarter. 75.00% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently commented on the stock. Nomura lifted their price target on shares of Huntsman Corporation to $40.00 and gave the stock a “buy” rating in a research report on Monday. UBS AG lifted their price target on shares of Huntsman Corporation from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Monday. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $32.00 price target on shares of Huntsman Corporation in a research note on Friday, October 27th. They noted that the move was a valuation call. KeyCorp reaffirmed a “buy” rating and issued a $34.00 price target on shares of Huntsman Corporation in a research note on Tuesday, October 17th. Finally, Instinet reaffirmed a “buy” rating and issued a $34.00 price target (up previously from $30.00) on shares of Huntsman Corporation in a research note on Wednesday, September 20th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Huntsman Corporation has an average rating of “Buy” and a consensus price target of $31.55.
Huntsman Corporation Company Profile
Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company operates all of its businesses through its subsidiary, Huntsman International LLC (Huntsman International). The Company operates through five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
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