Kennondale Capital Management LLC Makes New $472,000 Investment in Huntsman Co. (NYSE:HUN)

Kennondale Capital Management LLC purchased a new position in shares of Huntsman Co. (NYSE:HUN) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 26,154 shares of the basic materials company’s stock, valued at approximately $472,000.

Other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. raised its position in Huntsman by 10.3% during the third quarter. Principal Financial Group Inc. now owns 1,342,478 shares of the basic materials company’s stock valued at $32,488,000 after acquiring an additional 124,841 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Huntsman by 152.7% during the 3rd quarter. Bank of Montreal Can now owns 99,405 shares of the basic materials company’s stock valued at $2,440,000 after purchasing an additional 60,072 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Huntsman by 6.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,686,557 shares of the basic materials company’s stock valued at $102,529,000 after purchasing an additional 349,502 shares during the last quarter. First Hawaiian Bank bought a new stake in Huntsman in the fourth quarter worth $569,000. Finally, Ieq Capital LLC increased its position in Huntsman by 390.7% during the fourth quarter. Ieq Capital LLC now owns 79,230 shares of the basic materials company’s stock worth $1,429,000 after buying an additional 63,085 shares during the last quarter. 84.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on HUN shares. The Goldman Sachs Group reduced their price target on Huntsman from $22.00 to $19.00 and set a “sell” rating for the company in a research report on Wednesday, March 5th. Mizuho cut their price objective on Huntsman from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Citigroup lowered their target price on Huntsman from $22.00 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. Royal Bank of Canada upped their price target on Huntsman from $17.00 to $18.00 and gave the stock a “sector perform” rating in a report on Thursday, February 20th. Finally, Wells Fargo & Company lowered their price objective on shares of Huntsman from $25.00 to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $20.50.

Huntsman Stock Up 2.5 %

HUN stock opened at $17.70 on Tuesday. Huntsman Co. has a twelve month low of $15.46 and a twelve month high of $26.48. The company has a market cap of $3.06 billion, a PE ratio of -16.09 and a beta of 0.95. The business’s 50-day simple moving average is $17.13 and its 200 day simple moving average is $19.65. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.48.

Huntsman (NYSE:HUN) last released its earnings results on Monday, February 17th. The basic materials company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.45 billion. On average, research analysts anticipate that Huntsman Co. will post 0.32 earnings per share for the current year.

Huntsman Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 5.65%. The ex-dividend date is Friday, March 14th. Huntsman’s dividend payout ratio is -90.91%.

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.