Haynes International, Inc. (HAYN) Shares Sold by Goldman Sachs Group Inc.
Goldman Sachs Group Inc. cut its position in Haynes International, Inc. (NASDAQ:HAYN) by 33.2% during the first quarter, Holdings Channel reports. The firm owned 20,103 shares of the basic materials company’s stock after selling 10,013 shares during the period. Goldman Sachs Group Inc.’s holdings in Haynes International were worth $766,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Mason Street Advisors LLC increased its position in Haynes International by 7.1% in the first quarter. Mason Street Advisors LLC now owns 2,925 shares of the basic materials company’s stock worth $112,000 after buying an additional 195 shares in the last quarter. State of Tennessee Treasury Department increased its position in Haynes International by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 11,700 shares of the basic materials company’s stock worth $446,000 after buying an additional 1,766 shares in the last quarter. TFS Capital LLC acquired a new position in Haynes International during the first quarter worth approximately $782,000. TD Asset Management Inc. increased its position in Haynes International by 5.7% in the first quarter. TD Asset Management Inc. now owns 13,532 shares of the basic materials company’s stock worth $516,000 after buying an additional 732 shares in the last quarter. Finally, Karp Capital Management Corp acquired a new position in Haynes International during the first quarter worth approximately $229,000. Institutional investors and hedge funds own 96.00% of the company’s stock.
Haynes International, Inc. (HAYN) traded up 3.088% during trading on Wednesday, reaching $30.545. 5,198 shares of the company’s stock were exchanged. The company’s market capitalization is $378.76 million. The stock’s 50-day moving average price is $33.16 and its 200-day moving average price is $37.02. Haynes International, Inc. has a 52-week low of $29.01 and a 52-week high of $48.37.
Haynes International (NASDAQ:HAYN) last issued its earnings results on Thursday, August 3rd. The basic materials company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.30) by $0.02. The firm had revenue of $97.98 million during the quarter, compared to analyst estimates of $97.54 million. Haynes International had a negative net margin of 0.84% and a negative return on equity of 1.59%. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 earnings per share. Equities analysts expect that Haynes International, Inc. will post ($0.37) earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date is Wednesday, August 30th. Haynes International’s dividend payout ratio (DPR) is -314.29%.
A number of research firms have commented on HAYN. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $26.00 price objective (down previously from $33.50) on shares of Haynes International in a report on Saturday, July 22nd. Zacks Investment Research downgraded shares of Haynes International from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 11th. Finally, Longbow Research raised shares of Haynes International from a “neutral” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Monday, May 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $37.33.
About Haynes International
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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