Haynes International, Inc. (HAYN) Shares Bought by Deprince Race & Zollo Inc.
Deprince Race & Zollo Inc. grew its position in Haynes International, Inc. (NASDAQ:HAYN) by 407.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 89,721 shares of the basic materials company’s stock after acquiring an additional 72,027 shares during the quarter. Deprince Race & Zollo Inc. owned approximately 0.72% of Haynes International worth $3,222,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Haynes International by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 1,202,116 shares of the basic materials company’s stock worth $43,649,000 after buying an additional 21,216 shares during the last quarter. Royce & Associates LP grew its stake in Haynes International by 2.6% during the 2nd quarter. Royce & Associates LP now owns 1,093,999 shares of the basic materials company’s stock worth $39,723,000 after buying an additional 27,400 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Haynes International by 10.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 949,737 shares of the basic materials company’s stock worth $34,485,000 after buying an additional 88,869 shares during the last quarter. State Street Corp grew its stake in Haynes International by 7.1% during the 2nd quarter. State Street Corp now owns 426,006 shares of the basic materials company’s stock worth $15,469,000 after buying an additional 28,260 shares during the last quarter. Finally, Investment Counselors of Maryland LLC grew its stake in Haynes International by 4.8% during the 2nd quarter. Investment Counselors of Maryland LLC now owns 345,300 shares of the basic materials company’s stock worth $12,538,000 after buying an additional 15,900 shares during the last quarter. Hedge funds and other institutional investors own 98.56% of the company’s stock.
A number of brokerages recently commented on HAYN. Zacks Investment Research upgraded Haynes International from a “strong sell” rating to a “hold” rating in a research note on Monday, October 30th. KeyCorp restated a “hold” rating on shares of Haynes International in a research note on Thursday. ValuEngine downgraded Haynes International from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Finally, J P Morgan Chase & Co restated a “neutral” rating and set a $26.00 price objective (down from $33.50) on shares of Haynes International in a research note on Saturday, July 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $36.50.
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Shares of Haynes International, Inc. (NASDAQ HAYN) traded up $0.06 on Friday, reaching $32.37. The company had a trading volume of 189,382 shares, compared to its average volume of 78,666. The company has a quick ratio of 1.96, a current ratio of 6.15 and a debt-to-equity ratio of 0.03. Haynes International, Inc. has a 52-week low of $28.97 and a 52-week high of $48.37.
Haynes International (NASDAQ:HAYN) last issued its quarterly earnings data on Thursday, November 16th. The basic materials company reported ($0.30) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.24) by ($0.06). Haynes International had a negative return on equity of 1.59% and a negative net margin of 0.84%. The company had revenue of $100.80 million for the quarter, compared to the consensus estimate of $100.19 million. During the same quarter in the previous year, the company earned $0.08 earnings per share. Haynes International’s quarterly revenue was down 6.2% compared to the same quarter last year. equities analysts forecast that Haynes International, Inc. will post -0.79 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.22 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.88 annualized dividend and a dividend yield of 2.72%. Haynes International’s payout ratio is -325.93%.
Haynes International Company Profile
Haynes International, Inc (Haynes) is a producer of nickel- and cobalt-based alloys in flat product forms, such as sheet, coil and plate forms. The Company also produces its products as seamless and welded tubulars, and in slab, bar, billet and wire forms. It focuses on developing, manufacturing, marketing and distributing alloys, which are sold in the aerospace, chemical processing and industrial gas turbine industries.
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