Huntsman Corporation (HUN) is a global manufacturer and marketer of differentiated and specialty chemicals with commercial operations in nearly 30 countries worldwide. Established in 1970 in Salt Lake City, Utah by Jon M. Huntsman Sr., the company has grown over four decades into a successful, multifaceted corporation operating across five core business segments: Polyurethans, Advanced Materials, Performance Products, Textile Effects, and Corporate.
Huntsman's Polyurethane division, its largest segment, manufactures and markets a broad range of polyurethane chemicals such as MDI products and PO/MTBE products. The Advanced Materials segment provides epoxy, acrylic and polyurethane-based polymer products. Performance Products segment includes surfactants, amines and maleic anhydrides, used in consumer and industrial applications such as personal care products, detergents, automotive fluids, and insulation materials. The Textile Effects division provides dyes and specialty chemicals, playing a substantial role in the textile industry. The Corporate segment includes global functions such as global research and development and global shared services.
Despite operating in a competitive industry, Huntsman has demonstrated consistent perfomance with a robust product portfolio and a global presence. It is committed to operating its businesses in an environmentally responsible manner, investing in innovative technologies and solutions that contribute to building a sustainable future. Huntsman’s strong dedication to safety, health, environmental stewardship, and product stewardship is embedded in their corporate culture.
In their endeavour to serve the community, Huntsman founded the Huntsman Cancer Institute in 1995, one of the leading cancer research hospitals in the United States. They continue to support cancer research through the Huntsman Cancer Foundation.
Furthermore, Huntsman offers an extensive portfolio of innovative technologies and solutions to a global clientele that serves a diverse range of end markets. Huntsman’s approach to managing their diverse product portfolio is closely aligned with market trends and global economic conditions. They continually balance their portfolio to adapt to evolving market dynamics and priorities to deliver an ongoing stream of differentiated products and technologies to their customers.
Financially, Huntsman has been delivering impressive growth and solidifying its spot as a leading chemical company. As of 2020, the company generated around $6 billion in revenues. Notably, Huntsman has carried out various strategic acquisitions and joint ventures that have expanded their product portfolio and geographic reach.
In conclusion, Huntsman Corp. (HUN) is not just a chemical producer, but also a game changer in the chemical industry. Continually driving innovation and maintaining their practices in fulfillment with corporate social responsibility, Huntsman Corp. has established itself as a highly respected global entity.
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Amundi significantly reduced its stake in Huntsman Corporation (NYSE:HUN) by selling 467,555 shares, now holding only 13,090 shares. Meanwhile, Huntsman CEO Peter Huntsman increased his holdings by purchasing 100,000 shares. Analysts maintain a "Hold" rating with a consensus target price of $12.23, and the company recently declared a quarterly dividend of $0.0875 per share.
Caisse de dépôt et placement du Québec recently acquired 131,900 shares of Huntsman Corporation (NYSE:HUN) valued at approximately $1.4 million, contributing to institutional investors' 84.81% ownership. The company maintains a "Hold" consensus rating with an average price target of $12.50, and recently declared a quarterly dividend of $0.0875 per share, yielding 3.7%. CEO Peter Huntsman also demonstrated confidence in the company by purchasing 100,000 shares for $981,000.
HSBC Holdings PLC recently acquired 271,965 shares of Huntsman Corporation (NYSE:HUN) in the second quarter, valued at approximately $2.85 million, now owning 0.16% of the company. Huntsman shares are currently trading down at $9.49, significantly below their 52-week high, with institutional investors holding 84.81% of the stock. The company declared a quarterly dividend of $0.0875, and analysts generally maintain a "Hold" rating with an average target price of $12.50.
BlackRock Inc. has acquired a new position in Huntsman Corporation (NYSE:HUN), purchasing 18.24 million shares valued at approximately $193.75 million, giving them a 10.4% stake. This investment comes amidst cautious analyst ratings, with a consensus "Hold" and a $12.50 target price. Huntsman's CEO also recently bought 100,000 shares, and the company maintained its quarterly dividend of $0.0875 per share.
Huntsman stockholders have approved the proposed merger agreement with Olin Corporation at a virtual special meeting. This approval satisfies a key condition for the business combination and also included a non-binding advisory vote in favor of merger-related compensation for Huntsman's named executive officers. The company will file the final voting results with the SEC in a Form 8-K.
Olin Corporation and Huntsman Corporation shareholders have approved the proposed all-stock merger of equals, moving the transaction closer to completion. Both companies' shareholders showed strong support, with approximately 97% of Olin votes and 99% of Huntsman votes cast in favor. The combined entity, OlinHuntsman Corporation, aims to be a more value-focused chemicals company with enhanced market positioning, and the merger is expected to close in the first half of 2027 pending regulatory approvals.
Olin Corp. and Huntsman Corp. shareholders have approved their proposed all-stock merger, forming OlinHuntsman Corp., a $12.5 billion chemicals supplier. The combined entity will have approximately 14,000 employees and aims to generate over $400 million in annual cost savings through integration, including shifting some of Huntsman's raw material requirements to Olin. The transaction is expected to close in the first half of 2027, subject to regulatory approvals.
Quantbot Technologies LP recently acquired 339,332 shares of Huntsman Corporation (NYSE:HUN) during the second quarter, valued at approximately $3.604 million, now owning 0.19% of the company. Other institutional investors have also adjusted their stakes in Huntsman, which currently has a consensus "Hold" rating from Wall Street analysts with an average price target of $12.50. Huntsman also declared a quarterly dividend of $0.0875 per share, and its CEO, Peter R. Huntsman, recently increased his personal stake in the company by purchasing 100,000 shares.
Bank of America Corp DE increased its stake in Huntsman Corporation (NYSE:HUN) by 17.6% during the first quarter, now owning 1,595,802 shares valued at $21.24 million. Other institutional investors also adjusted their holdings, with Vanguard Group Inc. and AQR Capital Management LLC significantly growing their positions. Huntsman's CEO, Peter R. Huntsman, also acquired 100,000 shares, boosting his direct ownership.