Huntsman (NYSE:HUN) Hits New 52-Week Low – Should You Sell?

Shares of Huntsman Co. (NYSE:HUN) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $18.65 and last traded at $18.67, with a volume of 52570 shares trading hands. The stock had previously closed at $19.07.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Royal Bank of Canada raised their target price on Huntsman from $21.00 to $24.00 and gave the company a “sector perform” rating in a research note on Friday, October 11th. UBS Group lowered their price target on Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Finally, Wells Fargo & Company lowered their price target on Huntsman from $26.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Huntsman currently has an average rating of “Hold” and a consensus price target of $25.43.

Huntsman Stock Down 0.8 %

The firm’s 50 day moving average is $21.26 and its 200 day moving average is $22.17. The company has a current ratio of 1.47, a quick ratio of 0.83 and a debt-to-equity ratio of 0.45.

Huntsman (NYSE:HUN) last posted its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.10 EPS for the quarter, meeting analysts’ consensus estimates of $0.10. Huntsman had a negative net margin of 1.99% and a negative return on equity of 0.03%. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period in the prior year, the firm earned $0.15 earnings per share. The business’s quarterly revenue was up 2.3% on a year-over-year basis. Equities analysts predict that Huntsman Co. will post 0.09 earnings per share for the current fiscal year.

Huntsman Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.25 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.29%. Huntsman’s payout ratio is currently -144.93%.

Insider Activity

In other Huntsman news, Director Mary C. Beckerle sold 20,201 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $21.42, for a total value of $432,705.42. The transaction was disclosed in a document filed with the SEC, which is available at this link. 5.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Huntsman

Institutional investors have recently added to or reduced their stakes in the company. CWM LLC raised its position in Huntsman by 1,273.8% in the second quarter. CWM LLC now owns 10,015 shares of the basic materials company’s stock worth $228,000 after purchasing an additional 9,286 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Huntsman in the 2nd quarter valued at $238,000. Shayne & Jacobs LLC raised its stake in shares of Huntsman by 4.1% in the second quarter. Shayne & Jacobs LLC now owns 93,176 shares of the basic materials company’s stock valued at $2,122,000 after acquiring an additional 3,690 shares during the last quarter. Washington Capital Management Inc. boosted its stake in Huntsman by 25.6% in the second quarter. Washington Capital Management Inc. now owns 19,600 shares of the basic materials company’s stock worth $446,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Pallas Capital Advisors LLC lifted its position in Huntsman by 42.2% during the 2nd quarter. Pallas Capital Advisors LLC now owns 31,833 shares of the basic materials company’s stock worth $747,000 after buying an additional 9,452 shares in the last quarter. 84.81% of the stock is owned by institutional investors and hedge funds.

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.