The Vanguard Group, Inc. recently announced the acquisition of new stake in Huntsman Corporation (NYSE:HUN). The institutional investor has increased its shareholding in the Basic Materials company by 3.54% to 18.12 million shares with purchase of 0.62 million shares. This fresh investment now brings its stake to 9.43% valued currently at $531.68 million. In addition, Dimensional Fund Advisors LP raised its holdings by 1.56 million to 9.43 million shares. And LSV Asset Management has lifted its position by 3.34% or 0.26 million shares – to 8.07 million shares.
With over 3.06 million Huntsman Corporation (HUN) shares trading Monday and a closing price of $27.14 on the day, the dollar volume was approximately $82.93 million. The shares have shown a negative half year performance of -0.51% and its price on 03/13/23 lost nearly -0.55%. Currently, there are 188.40M common shares owned by the public and among those 179.92M shares have been available to trade.
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Insiders at the company have transacted a total of 53 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 24 of these insider trades were purchases, accounting for 642,840 shares. Insider sales of the common stock occurred on 29 occasions, with total insider shares sold totaling 173,946 shares.
The top 3 mutual fund holders in Huntsman Corporation are Washington Mutual Investors Fund, First Trust Rising Dividend Achie, and Vanguard Total Stock Market Index. Washington Mutual Investors Fund owns 6.98 million shares of the company’s stock, all valued at over $204.73 million. Vanguard Total Stock Market Index bought 28275.0 shares to bring its total holdings to over 5.29 million shares at a value of $155.21 million. Vanguard Total Stock Market Index now owns shares totaling to 2.75% of the shares outstanding.
Shares of Huntsman Corporation (NYSE: HUN) opened at $26.48, down -$0.81 from a prior closing price of $27.29. However, the script later moved the day high at 27.52, down -0.55%. The company’s stock has a 5-day price change of -6.74% and -2.65% over the past three months. HUN shares are trading -1.24% year to date (YTD), with the 12-month market performance down to -28.52% lower. It has a 12-month low price of $23.53 and touched a high of $41.06 over the same period. HUN has an average intraday trading volume of 1.93 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -8.40%, -10.74%, and -6.29% respectively.
Institutional ownership of Huntsman Corporation (NYSE: HUN) shares accounts for 91.50% of the company’s 188.40M shares outstanding. Mutual fund holders own 34.02%, while other institutional holders and individual stakeholders account for 51.40% and 33.60% respectively.
It has a market capitalization of $5.07B and a beta (3y monthly) value of 1.16. The stock’s trailing 12-month PE ratio is 12.42, while the earnings-per-share (ttm) stands at $2.19. The company has a PEG of 3.35 and a Quick Ratio of 1.30 with the debt-to-equity ratio at 0.48. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.61% over the week and 2.84% over the month.
Analysts forecast that Huntsman Corporation (HUN) will achieve an EPS of $0.1 for the current quarter, $0.34 for the next quarter and $2.65 for 2023. The lowest estimate earnings-per-share for the quarter is -$0.04 while analysts give the company a high EPS estimate of $0.35. Comparatively, EPS for the current quarter was $0.95 a year ago. Earnings per share for the fiscal year are expected to decrease by -50.90%, and 54.06% over the next financial year. EPS should shrink at an annualized rate of 3.70% over the next five years, compared to 8.10% over the past 5-year period.
Scotiabank was of a view on November 07, 2022 that the stock is Sector Perform, while Goldman gave the stock Sell rating on October 13, 2022, issuing a price target of $26. Seaport Research Partners on their part issued Neutral rating on October 13, 2022.
