Thrivent Financial for Lutherans Sells 1,120 Shares of Huntsman Co. (NYSE:HUN)

Thrivent Financial for Lutherans reduced its holdings in Huntsman Co. (NYSE:HUN) by 4.1% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,218 shares of the basic materials company’s stock after selling 1,120 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Huntsman were worth $597,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of HUN. Allspring Global Investments Holdings LLC increased its position in shares of Huntsman by 1.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 6,657,819 shares of the basic materials company’s stock worth $151,599,000 after purchasing an additional 97,082 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Huntsman by 75.9% during the 4th quarter. Wellington Management Group LLP now owns 3,151,535 shares of the basic materials company’s stock valued at $79,198,000 after buying an additional 1,359,437 shares in the last quarter. 1832 Asset Management L.P. lifted its holdings in shares of Huntsman by 753.2% during the 1st quarter. 1832 Asset Management L.P. now owns 2,867,920 shares of the basic materials company’s stock worth $74,652,000 after acquiring an additional 2,531,800 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Huntsman by 9.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,408,592 shares of the basic materials company’s stock worth $62,697,000 after acquiring an additional 203,396 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in Huntsman by 52.4% in the second quarter. Victory Capital Management Inc. now owns 2,358,390 shares of the basic materials company’s stock valued at $53,701,000 after acquiring an additional 811,099 shares during the last quarter. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Huntsman Price Performance

Shares of Huntsman stock opened at $23.29 on Wednesday. The company’s fifty day simple moving average is $22.10 and its two-hundred day simple moving average is $23.38. Huntsman Co. has a 12-month low of $19.91 and a 12-month high of $27.01. The firm has a market cap of $4.03 billion, a PE ratio of -44.79 and a beta of 1.00. The company has a quick ratio of 0.77, a current ratio of 1.30 and a debt-to-equity ratio of 0.40.

Huntsman (NYSE:HUN) last posted its earnings results on Monday, August 5th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.61 billion. Huntsman had a positive return on equity of 0.26% and a negative net margin of 1.44%. Huntsman’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the firm earned $0.22 earnings per share. As a group, equities analysts expect that Huntsman Co. will post 0.2 EPS for the current year.

Huntsman Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, September 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.29%. Huntsman’s dividend payout ratio is presently -192.31%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company cut their price objective on Huntsman from $28.00 to $26.00 and set an “overweight” rating for the company in a report on Wednesday, August 7th. Citigroup reduced their price target on shares of Huntsman from $26.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, June 27th. JPMorgan Chase & Co. lowered their price objective on shares of Huntsman from $27.00 to $25.00 and set an “overweight” rating for the company in a report on Wednesday, August 7th. Royal Bank of Canada reduced their target price on shares of Huntsman from $30.00 to $21.00 and set a “sector perform” rating on the stock in a report on Thursday, August 8th. Finally, UBS Group cut their price target on shares of Huntsman from $23.00 to $22.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Huntsman presently has an average rating of “Hold” and a consensus target price of $25.56.

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.