Dimensional Fund Advisors LP has recently announced that it has increased stake in Huntsman Corp (NYSE:HUN) by 4.13%. After grabbing 10.0 million shares, the institutional investor is now in possession of 0.4 million shares of the Basic Materials Company. The new investment brought the stake of investor firm to 5.74% having worth around $251.38 million. Moreover, Fidelity Management & Research Co increased its share by 19511.0 to have a control over 6.8 million shares. And Allspring Global Investments LLC raised its holdings to 0.15 million shares by acquiring 6.43 million shares or 3.69% of the stake.
Huntsman Corp (HUN) concluded trading on Thursday at a closing price of $24.45, with 2.61 million shares of worth about $63.85 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -16.70% during that period and on Thursday, January 25 the price saw a gain of about 1.75%. Currently the company’s common shares owned by public are about 183.63M shares, out of which, 164.47M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 69 times over the past 12 months. They bought 690,658 shares in 30 of the transactions. In 39 selling transactions, insiders dumped 231,052 shares.
Allspring Special Mid Cap Value F, Vanguard Total Stock Market ETF, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Huntsman Corp Allspring Special Mid Cap Value F is currently holding 5.45 million shares of worth totaling $136.89 million. The company recently came buying 0.0 shares which brought its stake up to 3.13% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 4750.0 shares, after which its hold over company’s outstanding shares expand to 3.05%, leaving 5.31 million shares with the mutual fund that have a worth of about $133.48 million. Vanguard Small Cap Index Fund, after selling 4.3 million shares, have now control over 2.47% of the stake in the company. It holds 75751.0 shares of worth $108.16 million.
However, the stock later moved at a day high price of 24.74, or with a gain of 1.75%. Stock saw a price change of 4.80% in past 5 days and over the past one month there was a price change of -4.53%. Year-to-date (YTD), HUN shares are showing a performance of -2.71% which decreased to -23.21% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $22.14 but also hit the highest price of $33.46 during that period. The average intraday trading volume for Huntsman Corp shares is 1.87 million. The stock is currently trading 0.46% above its 20-day simple moving average (SMA20), while that difference is down -1.18% for SMA50 and it goes to -4.66% lower than SMA200.
Dimensional Fund Advisors LP acquired 10.0 million shares of Huntsman Corp having value of about $251.38 million. Data submitted at the U.S SEC by Dimensional Fund Advisors LP revealed that the firm now holds 0.4 million shares in the company valued at close to $9693300.3, or have control over 4.13% stake in the company. Huntsman Corp (NYSE: HUN) currently have 183.63M outstanding shares and institutions hold larger chunk of about 84.59% of that. Holding of mutual funds in the company is about 37.20% while other institutional holders and individual stake holders have control over 47.49% and 37.06% of the stake respectively.
The stock has a current market capitalization of $4.26B and its 3Y-monthly beta is at 1.14. PE ratio of stock for trailing 12 months is 53.90, while it has posted earnings per share of $0.45 in the same period. It has Quick Ratio of 1.14 while making debt-to-equity ratio of 0.58. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HUN, volatility over the week remained 2.01% while standing at 1.81% over the month.
Analysts are in expectations that Huntsman Corp (HUN) stock would likely to be making an EPS of -$0.15 in the current quarter, while forecast for next quarter EPS is $0.05 and it is $0.99 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.25 which is $0.04 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.04 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -87.06% while it is estimated to increase by 104.25% in next year. EPS is likely to shrink at an annualized rate of -14.33% for next 5-years, compared to annual growth of -2.77% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on December 11, 2023 offering an Equal-weight rating for the stock and assigned a target price of $28 to it.
