Janney Montgomery Scott LLC increased its stake in Huntsman Co. (NYSE:HUN) by 48.2% in the second quarter, Holdings Channel reports. The fund owned 17,175 shares of the basic materials company’s stock after purchasing an additional 5,583 shares during the period. Janney Montgomery Scott LLC’s holdings in Huntsman were worth $502,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Signature Estate & Investment Advisors LLC increased its holdings in Huntsman by 23.9% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 31,266 shares of the basic materials company’s stock valued at $913,000 after purchasing an additional 6,026 shares during the period. Acadian Asset Management LLC increased its holdings in Huntsman by 200.9% during the 2nd quarter. Acadian Asset Management LLC now owns 22,259 shares of the basic materials company’s stock valued at $650,000 after purchasing an additional 14,861 shares during the period. First Command Financial Services Inc. increased its holdings in Huntsman by 100.9% during the 2nd quarter. First Command Financial Services Inc. now owns 10,592 shares of the basic materials company’s stock valued at $310,000 after purchasing an additional 5,321 shares during the period. First Command Bank grew its holdings in shares of Huntsman by 100.9% during the 2nd quarter. First Command Bank now owns 10,592 shares of the basic materials company’s stock worth $310,000 after acquiring an additional 5,321 shares during the period. Finally, Foundry Partners LLC purchased a new position in shares of Huntsman during the 2nd quarter worth approximately $6,989,000. 79.77% of the stock is owned by institutional investors.

HUN stock opened at $31.53 on Friday. Huntsman Co. has a fifty-two week low of $25.29 and a fifty-two week high of $36.09. The company has a current ratio of 1.93, a quick ratio of 1.58 and a debt-to-equity ratio of 0.57. The company has a market cap of $7.60 billion, a price-to-earnings ratio of 12.67, a PEG ratio of 1.06 and a beta of 2.76.

Huntsman (NYSE:HUN) last posted its quarterly earnings results on Tuesday, July 31st. The basic materials company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.17. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.24 billion. Huntsman had a return on equity of 24.14% and a net margin of 11.92%. The firm’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.59 EPS. analysts expect that Huntsman Co. will post 3.52 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be paid a $0.1625 dividend. The ex-dividend date is Thursday, September 13th. This represents a $0.65 annualized dividend and a dividend yield of 2.06%. Huntsman’s payout ratio is currently 26.21%.

Huntsman announced that its board has authorized a stock repurchase program on Wednesday, May 23rd that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the basic materials company to reacquire up to 13.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

HUN has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Huntsman from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Royal Bank of Canada reiterated a “buy” rating and set a $38.00 target price on shares of Huntsman in a report on Wednesday, August 1st. MED reiterated a “buy” rating and set a $40.00 target price on shares of Huntsman in a report on Tuesday, May 1st. UBS Group upped their target price on Huntsman from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, May 29th. Finally, ValuEngine downgraded Huntsman from a “buy” rating to a “hold” rating in a report on Tuesday, April 24th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $37.46.

Huntsman Profile

Huntsman Corporation, through its subsidiary, Huntsman International LLC, manufactures and sells differentiated organic chemical products worldwide. The company operates in four segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyols, thermoplastic polyurethane, propylene oxide, and methyl tertiary-butyl ether products.

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Institutional Ownership by Quarter for Huntsman (NYSE:HUN)

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