Swift Run Capital Management LLC boosted its position in Huntsman Corp. (NYSE:HUN) by 10.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 575,212 shares of the company’s stock after buying an additional 52,700 shares during the period. Huntsman Corp. comprises approximately 4.9% of Swift Run Capital Management LLC’s investment portfolio, making the stock its 7th largest position. Swift Run Capital Management LLC’s holdings in Huntsman Corp. were worth $7,737,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Creative Planning raised its position in Huntsman Corp. by 2.5% in the second quarter. Creative Planning now owns 8,270 shares of the company’s stock worth $111,000 after buying an additional 200 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new position in Huntsman Corp. during the first quarter worth $137,000. Loomis Sayles & Co. L P purchased a new position in Huntsman Corp. during the first quarter worth $148,000. Traynor Capital Management Inc. purchased a new position in Huntsman Corp. during the second quarter worth $168,000. Finally, BNP Paribas Arbitrage SA raised its position in Huntsman Corp. by 15.5% in the second quarter. BNP Paribas Arbitrage SA now owns 16,904 shares of the company’s stock worth $227,000 after buying an additional 2,270 shares in the last quarter. 67.25% of the stock is owned by hedge funds and other institutional investors.
Huntsman Corp. (NYSE:HUN) traded down 0.75% during mid-day trading on Friday, reaching $15.88. 1,928,524 shares of the company were exchanged. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 18.95 and a beta of 2.65. Huntsman Corp. has a 12-month low of $7.46 and a 12-month high of $18.12. The company’s 50 day moving average price is $16.11 and its 200-day moving average price is $15.27.
Huntsman Corp. (NYSE:HUN) last released its earnings results on Wednesday, July 27th. The company reported $0.53 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.53. The business earned $2.54 billion during the quarter, compared to the consensus estimate of $2.59 billion. Huntsman Corp. had a net margin of 2.05% and a return on equity of 26.60%. The firm’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.63 earnings per share. On average, equities research analysts forecast that Huntsman Corp. will post $1.68 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date was Tuesday, September 13th. Huntsman Corp.’s dividend payout ratio (DPR) is presently 59.52%.
HUN has been the subject of a number of research analyst reports. Nomura reaffirmed a “buy” rating on shares of Huntsman Corp. in a research report on Tuesday, July 12th. Zacks Investment Research raised shares of Huntsman Corp. from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Thursday, July 7th. Citigroup Inc. upped their price objective on shares of Huntsman Corp. from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Friday, July 15th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $20.00 price objective on shares of Huntsman Corp. in a research report on Tuesday, September 20th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Huntsman Corp. has an average rating of “Buy” and an average price target of $16.43.
About Huntsman Corp.
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). It operates in five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.