Huntsman Co. (NYSE:HUN) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its stake in shares of Huntsman Co. (NYSE:HUN) by 95.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 97,699 shares of the basic materials company’s stock after selling 1,989,834 shares during the period. Victory Capital Management Inc. owned about 0.06% of Huntsman worth $1,762,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. R Squared Ltd bought a new position in Huntsman during the 4th quarter worth approximately $40,000. True Wealth Design LLC bought a new position in Huntsman during the third quarter worth $62,000. MidWestOne Financial Group Inc. acquired a new position in Huntsman in the third quarter worth $203,000. KBC Group NV raised its holdings in shares of Huntsman by 95.3% during the fourth quarter. KBC Group NV now owns 9,232 shares of the basic materials company’s stock worth $166,000 after purchasing an additional 4,506 shares during the period. Finally, Larson Financial Group LLC lifted its position in shares of Huntsman by 14.4% in the 3rd quarter. Larson Financial Group LLC now owns 9,261 shares of the basic materials company’s stock worth $224,000 after buying an additional 1,163 shares during the last quarter. 84.81% of the stock is currently owned by institutional investors and hedge funds.

Huntsman Stock Performance

HUN stock opened at $17.70 on Tuesday. The company has a 50-day simple moving average of $17.13 and a 200 day simple moving average of $19.65. The company has a market capitalization of $3.06 billion, a P/E ratio of -16.09 and a beta of 0.95. 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 Co. has a fifty-two week low of $15.46 and a fifty-two week high of $26.48.

Huntsman (NYSE:HUN) last issued its quarterly 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). The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.45 billion. Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. Sell-side analysts predict that Huntsman Co. will post 0.32 earnings per share for the current fiscal year.

Huntsman Announces Dividend

The company 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 payout ratio is currently -90.91%.

Analyst Upgrades and Downgrades

HUN has been the topic of a number of recent research reports. Morgan Stanley cut their target price on shares of Huntsman from $24.00 to $20.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Wells Fargo & Company cut their price target on Huntsman from $25.00 to $22.00 and set an “overweight” rating on the stock in a report on Wednesday, February 19th. Alembic Global Advisors downgraded Huntsman from an “overweight” rating to a “neutral” rating in a research note on Wednesday, January 15th. JPMorgan Chase & Co. cut their target price on Huntsman from $25.00 to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 19th. Finally, Mizuho lowered their price target on shares of Huntsman from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Huntsman has an average rating of “Hold” and a consensus price target of $20.50.

About Huntsman

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.