Fintel reports that on September 28, 2023, Wells Fargo maintained coverage of Huntsman (NYSE:HUN) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 26.89% Upside
As of August 31, 2023, the average one-year price target for Huntsman is 30.06. The forecasts range from a low of 25.25 to a high of $35.70. The average price target represents an increase of 26.89% from its latest reported closing price of 23.69.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Huntsman is 7,587MM, an increase of 10.55%. The projected annual non-GAAP EPS is 2.79.
Huntsman Declares $0.24 Dividend
On August 2, 2023 the company declared a regular quarterly dividend of $0.24 per share ($0.95 annualized). Shareholders of record as of September 15, 2023 will receive the payment on September 29, 2023. Previously, the company paid $0.24 per share.
At the current share price of $23.69 / share, the stock's dividend yield is 4.01%.
Looking back five years and taking a sample every week, the average dividend yield has been 2.97%, the lowest has been 2.09%, and the highest has been 5.05%. The standard deviation of yields is 0.53 (n=235).
The current dividend yield is 1.97 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.93. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.46%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 750 funds or institutions reporting positions in Huntsman. This is a decrease of 96 owner(s) or 11.35% in the last quarter. Average portfolio weight of all funds dedicated to HUN is 0.22%, a decrease of 13.83%. Total shares owned by institutions decreased in the last three months by 6.76% to 186,117K shares. 
The put/call ratio of HUN is 3.10, indicating a bearish outlook.
What are Other Shareholders Doing?
Lsv Asset Management holds 7,652K shares representing 4.30% ownership of the company. In it's prior filing, the firm reported owning 7,848K shares, representing a decrease of 2.56%. The firm decreased its portfolio allocation in HUN by 5.34% over the last quarter.
Allspring Global Investments Holdings holds 6,311K shares representing 3.55% ownership of the company. In it's prior filing, the firm reported owning 4,665K shares, representing an increase of 26.08%. The firm increased its portfolio allocation in HUN by 34.12% over the last quarter.
Stifel Financial holds 5,719K shares representing 3.22% ownership of the company. In it's prior filing, the firm reported owning 5,691K shares, representing an increase of 0.51%. The firm increased its portfolio allocation in HUN by 290.84% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 5,481K shares representing 3.08% ownership of the company. In it's prior filing, the firm reported owning 5,638K shares, representing a decrease of 2.87%. The firm decreased its portfolio allocation in HUN by 11.42% over the last quarter.
WFMDX - Wells Fargo Special Mid Cap Value Fund Administrator Class holds 5,365K shares representing 3.02% ownership of the company. In it's prior filing, the firm reported owning 3,350K shares, representing an increase of 37.55%. The firm increased its portfolio allocation in HUN by 49.45% over the last quarter.
Huntsman Background Information
(This description is provided by the company.)
Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2019 revenues of approximately $7 billion. Its chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. It operates more than 70 manufacturing, R&D and operations facilities in approximately 30 countries and employ approximately 9,000 associates within its four distinct business divisions.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
