171,365 Shares in Huntsman Co. (NYSE:HUN) Purchased by Appian Way Asset Management LP

Appian Way Asset Management LP purchased a new stake in Huntsman Co. (NYSE:HUN) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 171,365 shares of the basic materials company’s stock, valued at approximately $4,147,000. Huntsman makes up 0.9% of Appian Way Asset Management LP’s holdings, making the stock its 23rd largest position. Appian Way Asset Management LP owned 0.10% of Huntsman as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in HUN. Matrix Trust Co bought a new stake in Huntsman during the third quarter worth about $25,000. nVerses Capital LLC lifted its holdings in shares of Huntsman by 1,250.0% during the second quarter. nVerses Capital LLC now owns 2,700 shares of the basic materials company’s stock worth $61,000 after purchasing an additional 2,500 shares during the period. Innealta Capital LLC bought a new stake in shares of Huntsman in the second quarter worth $65,000. Capital Performance Advisors LLP bought a new position in Huntsman during the 3rd quarter worth $78,000. Finally, Quarry LP lifted its holdings in Huntsman by 64.8% during the 2nd quarter. Quarry LP now owns 3,664 shares of the basic materials company’s stock worth $83,000 after buying an additional 1,441 shares during the period. Institutional investors and hedge funds own 84.81% of the company’s stock.

Huntsman Price Performance

HUN stock opened at $19.58 on Friday. Huntsman Co. has a 1-year low of $19.11 and a 1-year high of $27.01. The stock has a market cap of $3.39 billion, a P/E ratio of -28.38 and a beta of 1.02. The stock’s fifty day simple moving average is $21.98 and its two-hundred day simple moving average is $22.50. The company has a current ratio of 1.47, a quick ratio of 0.83 and a debt-to-equity ratio of 0.45.

Huntsman (NYSE:HUN) last posted its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. Huntsman had a negative net margin of 1.99% and a negative return on equity of 0.03%. The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter in the previous year, the firm posted $0.15 EPS. Huntsman’s revenue was up 2.3% on a year-over-year basis. Analysts expect that Huntsman Co. will post 0.09 EPS for the current year.

Huntsman Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.11%. The ex-dividend date is Friday, December 13th. Huntsman’s dividend payout ratio is currently -144.93%.

Wall Street Analysts Forecast Growth

HUN has been the subject of several recent research reports. UBS Group decreased their price target on Huntsman from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Royal Bank of Canada boosted their target price on shares of Huntsman from $21.00 to $24.00 and gave the company a “sector perform” rating in a report on Friday, October 11th. JPMorgan Chase & Co. cut their target price on shares of Huntsman from $27.00 to $25.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 7th. Finally, Wells Fargo & Company decreased their price target on shares of Huntsman from $26.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $25.75.

Insiders Place Their Bets

In related news, Director Mary C. Beckerle sold 20,201 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $21.42, for a total transaction of $432,705.42. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 5.60% of the company’s stock.

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.