Huntsman Corporation (NYSE: HUN) stock fell -0.78% on Thursday to $25.28 against a previous-day closing price of $25.48. With 1.49 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.24 million shares. During the session, the Chemicals company that operates in wider Basic Materials sector, reached to the highest price of $25.55 whereas the lowest price it dropped to was $24.89. The 52-week range on HUN shows that it touched its highest point at $37.05 and its lowest point at $23.53 during that stretch. It currently has a 1-year price target of $29.32. With its current market cap of 4.65 billion, HUN has annualized dividend of $0.95 while the current yield stands at 3.76%. Beta for the stock currently stands at 1.14.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HUN was down-trending over the past week, with a drop of -2.02%, but this was down by -1.60% over a month. Three-month performance dropped to -13.98% while six-month performance fell -11.36%. The stock lost -28.04% in the past year, while it has lost -8.01% so far this year. A look at the trailing 12-month EPS for HUN yields 1.40 with Next year EPS estimates of 2.71. For the next quarter, that number is 0.34. This implies an EPS growth rate of -50.90% for this year and 73.77% for next year. EPS is expected to grow by 6.67% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 8.10%.
Float and Shares Shorts:
At present, 182.70 million HUN shares are outstanding with a float of 179.92 million shares on hand for trading. On May 14, 2023, short shares totaled 3.27 million, which was 1.81% higher than short shares on Apr 13, 2023. In addition to Mr. Peter R. Huntsman as the firm’s Chairman, Pres & CEO, Mr. Philip M. Lister ACMA serves as its Exec. VP & CFO.
Institutional Ownership:
Through their ownership of 91.95% of HUN’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 50.80% of HUN, in contrast to 36.52% held by mutual funds. Shares owned by individuals account for 35.14%. As the largest shareholder in HUN with 10.09% of the stake, The Vanguard Group, Inc. holds 18,526,798 shares worth 18,526,798. A second-largest stockholder of HUN, BlackRock Fund Advisors, holds 11,723,935 shares, controlling over 6.38% of the firm’s shares. Dimensional Fund Advisors LP is the third largest shareholder in HUN, holding 9,501,111 shares or 5.17% stake. With a 3.09% stake in HUN, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 5,666,732 shares are owned by the mutual fund manager. The Vanguard Small Cap Index Fund, which owns about 2.60% of HUN stock, is the second-largest Mutual Fund holder. It holds 4,774,203 shares valued at 127.9 million. iShares Tr. – Select Dividend ETF holds 2.53% of the stake in HUN, owning 4,646,875 shares worth 124.49 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, HUN reported revenue of $2.36B and operating income of $317.00M. The EBITDA in the recently reported quarter was $421.00M and diluted EPS was $1.10.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HUN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With HUN analysts setting a high price target of $38.00 and a low target of $22.00, the average target price over the next 12 months is $29.11. Based on these targets, HUN could surge 50.32% to reach the target high and fall by -12.97% to reach the target low. Reaching the average price target will result in a growth of 15.15% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded HUN stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 28 while that of sell transactions has risen to 38 over the past year. The total number of shares bought during that period was 678,949 while 223,837 shares were sold.
