Haynes International Inc. (HAYN) Trading Up 3.9%
Haynes International Inc. (NASDAQ:HAYN)’s share price was up 3.9% during trading on Monday . The company traded as high as $35.59 and last traded at $35.28, with a volume of 56,768 shares. The stock had previously closed at $33.95.
Several equities research analysts have recently weighed in on HAYN shares. Rosenblatt Securities downgraded shares of Haynes International from a “buy” rating to a “neutral” rating and set a $39.00 target price for the company. in a research report on Monday, August 29th. Zacks Investment Research raised shares of Haynes International from a “sell” rating to a “hold” rating in a research report on Tuesday, June 21st. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of Haynes International in a research report on Friday, August 5th.
The firm has a 50 day moving average of $37.89 and a 200-day moving average of $35.09. The company has a market capitalization of $438.89 million, a P/E ratio of 57.88 and a beta of 1.93.
Haynes International (NASDAQ:HAYN) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.17. Haynes International had a net margin of 1.84% and a return on equity of 1.99%. The company had revenue of $101.30 million for the quarter, compared to analyst estimates of $103.52 million. During the same quarter in the prior year, the business posted $0.62 EPS. Haynes International’s quarterly revenue was down 16.5% on a year-over-year basis. On average, analysts forecast that Haynes International Inc. will post $0.45 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were paid a dividend of $0.22 per share. The ex-dividend date was Tuesday, August 30th. This represents a $0.88 annualized dividend and a dividend yield of 2.48%. Haynes International’s dividend payout ratio (DPR) is 144.26%.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Prudential Financial Inc. raised its position in shares of Haynes International by 17.3% in the first quarter. Prudential Financial Inc. now owns 35,869 shares of the company’s stock valued at $1,310,000 after buying an additional 5,280 shares during the period. BlackRock Inc. raised its position in shares of Haynes International by 47.7% in the first quarter. BlackRock Inc. now owns 31,499 shares of the company’s stock valued at $1,150,000 after buying an additional 10,172 shares during the period. BlackRock Group LTD raised its position in shares of Haynes International by 27.1% in the first quarter. BlackRock Group LTD now owns 75,051 shares of the company’s stock valued at $2,738,000 after buying an additional 16,018 shares during the period. BlackRock Fund Advisors raised its position in shares of Haynes International by 0.3% in the first quarter. BlackRock Fund Advisors now owns 808,178 shares of the company’s stock valued at $29,498,000 after buying an additional 2,796 shares during the period. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Haynes International during the first quarter valued at approximately $1,610,000. Institutional investors own 99.20% of the company’s stock.
About Haynes International
Haynes International, Inc produces nickel- and cobalt-based alloys in flat product forms, such as sheet, coil and plate forms. The Company operates through the segment of design, manufacture, marketing and distribution of technologically advanced, high-performance alloys for use in the aerospace, land-based gas turbine, chemical processing and other industries.
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