It seems that Raymond James & Associates are banking on the success of Huntsman Co. (NYSE:HUN). According to a recent filing with the Securities & Exchange Commission, the investment firm has increased its stake in the company by 2.1% during the fourth quarter. This brings their total ownership to 556,625 shares, which is worth around $15,296,000.
While this news may seem mundane to some, it is actually quite significant in the world of business. For those unfamiliar with Huntsman Corp., they are a leading manufacturer of differentiated organic chemical products. They operate through three segments: Polyurethanes, Performance Products, and Advanced Materials.
Their Polyurethanes segment is particularly noteworthy as it produces and distributes numerous chemical products including MDI products, PO, polyols, PG, TPU, aniline, and MTBE. These products can be found in everything from insulation materials to soundproofing foam.
As of May 16th, Huntsman stock opened at $25.30 on Tuesday with a market capitalization of $4.58 billion. The company’s P/E ratio sits at 12.97 while their P/E/G ratio is at 2.71 – both of which suggest that investors have confidence in Huntsman’s future growth prospects despite market volatility.
The company does face some challenges though in regards to its debt-to-equity ratio which currently stands at 0.44. However, with Raymond James & Associates showing interest in increasing their stake further and contributing more money towards Huntsman’s expansion goals – it looks like these challenges might be soon overcome.
In conclusion, while many may overlook this news as an insignificant uptick for Raymond James & Associates’ portfolio – it actually represents an opportunity for investors who believe that Huntsman has what it takes to succeed over the long term as they expand their product offerings and analyze ways for sustainable growth beyond current challenges being faced.
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Huntsman Corp. Sees Positive Impact from Investment Firms and Innovation Initiatives Amid Strong Earnings Results and Dividend Announcements
Huntsman Corp. is a leading organic chemicals products manufacturer that has recently been the subject of several research reports. Despite receiving a “hold” rating by Vertical Research, the company has been positively impacted by American Century Companies Inc., HighTower Advisors LLC, MetLife Investment Management LLC, BlackRock Inc., and Great West Life Assurance Co. Can, who have all raised their holdings in table stakes to absorb shares of the firm.
Riding on an increase of 33.6% from American Century Companies, which now owns over 27K shares worth more than $1 million in value after purchasing an additional 6,907 during the first quarter; BlackRock had grown its stake by 0.4% to control over 12 million shares at a value exceeding $475 million after acquiring an additional 47,739 shares during the same time period.
Regarding recent earnings results, Huntsman reported $0.20 EPS in May-2017 while generating revenue estimates of $1.61 billion during Q1-2017 despite being down 26.7% YoY last year with expectations for returns this year accordingly high at an estimated EPS post scaling of approximately $1.71 for FY18.
Huntsman also announced its intent to pursue innovations across the Polyurethane and Advanced Materials segments, including performance frameworks aimed at sustainable practices in expanded product portfolios from materials used in the production process through customers’ end uses as announced during March-2023.
Finally, following the announcement by Huntsman earlier this month regarding intentions for a quarterly dividend of $0.2375 per share (payable June-2023), as expected given current market fundamentals and the aforementioned positive developments for Huntsman Corporation – chances are creditors would remain bullish on it too; sustaining dividends payments beyond that date with future growth scheduled via enhanced organic chemical products expansion mechanisms or acquisitions time permitting might present potentially viable investment opportunities offering attractive yields for longer-term investors.
