Oberweis Asset Management Inc. Takes Position in Huntsman Co. (HUN)

Oberweis Asset Management Inc. bought a new stake in shares of Huntsman Co. (NYSE:HUN) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 12,900 shares of the basic materials company’s stock, valued at approximately $249,000.

Other institutional investors also recently added to or reduced their stakes in the company. Genesee Capital Advisors LLC acquired a new position in shares of Huntsman in the fourth quarter worth about $707,000. Geode Capital Management LLC boosted its holdings in shares of Huntsman by 7.1% in the fourth quarter. Geode Capital Management LLC now owns 3,760,365 shares of the basic materials company’s stock worth $72,537,000 after buying an additional 249,417 shares during the period. Stifel Financial Corp boosted its holdings in shares of Huntsman by 9.2% in the fourth quarter. Stifel Financial Corp now owns 97,541 shares of the basic materials company’s stock worth $1,885,000 after buying an additional 8,229 shares during the period. Gideon Capital Advisors Inc. boosted its holdings in shares of Huntsman by 34.3% in the fourth quarter. Gideon Capital Advisors Inc. now owns 17,943 shares of the basic materials company’s stock worth $346,000 after buying an additional 4,581 shares during the period. Finally, Prudential PLC boosted its holdings in shares of Huntsman by 170.1% in the fourth quarter. Prudential PLC now owns 691,500 shares of the basic materials company’s stock worth $13,339,000 after buying an additional 435,500 shares during the period. 75.41% of the stock is currently owned by hedge funds and other institutional investors.

HUN stock opened at $23.14 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.84 and a debt-to-equity ratio of 0.81. The company has a market cap of $5.61 billion, a P/E ratio of 6.93, a P/E/G ratio of 0.98 and a beta of 2.27. Huntsman Co. has a 52 week low of $17.58 and a 52 week high of $33.55.

Huntsman (NYSE:HUN) last posted its quarterly earnings results on Tuesday, February 12th. The basic materials company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.03). The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.15 billion. Huntsman had a return on equity of 22.21% and a net margin of 3.59%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.76 earnings per share. As a group, analysts anticipate that Huntsman Co. will post 2.89 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be issued a dividend of $0.1625 per share. This represents a $0.65 annualized dividend and a dividend yield of 2.81%. The ex-dividend date is Thursday, March 14th. Huntsman’s dividend payout ratio is currently 19.46%.

Several brokerages have commented on HUN. Zacks Investment Research cut shares of Huntsman from a “hold” rating to a “sell” rating in a report on Monday, February 4th. ValuEngine upgraded shares of Huntsman from a “strong sell” rating to a “sell” rating in a report on Friday, March 1st. JPMorgan Chase & Co. cut shares of Huntsman from an “overweight” rating to a “neutral” rating and set a $24.00 target price for the company. in a report on Wednesday, February 13th. KeyCorp decreased their target price on shares of Huntsman from $36.00 to $32.00 and set an “overweight” rating for the company in a report on Monday, December 3rd. Finally, Alembic Global Advisors cut shares of Huntsman from an “overweight” rating to a “neutral” rating in a report on Monday, December 31st. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. Huntsman has a consensus rating of “Hold” and an average target price of $32.23.

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Huntsman Company Profile

Huntsman Corporation 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.

Read More: Return on Equity (ROE)

Institutional Ownership by Quarter for Huntsman (NYSE:HUN)

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