Haynes International, Inc. (HAYN) Shares Sold by Wells Fargo & Company MN
Wells Fargo & Company MN cut its position in shares of Haynes International, Inc. (NASDAQ:HAYN) by 3.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 207,867 shares of the basic materials company’s stock after selling 8,000 shares during the quarter. Wells Fargo & Company MN owned about 1.66% of Haynes International worth $7,637,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Piedmont Investment Advisors LLC acquired a new stake in Haynes International during the second quarter worth about $107,000. Barclays PLC increased its stake in Haynes International by 76.7% during the first quarter. Barclays PLC now owns 3,860 shares of the basic materials company’s stock worth $144,000 after acquiring an additional 1,676 shares during the last quarter. KBC Group NV acquired a new stake in Haynes International during the first quarter worth about $189,000. Cubist Systematic Strategies LLC acquired a new stake in Haynes International during the first quarter worth about $244,000. Finally, Principal Financial Group Inc. increased its stake in Haynes International by 2.5% during the first quarter. Principal Financial Group Inc. now owns 95,965 shares of the basic materials company’s stock worth $3,561,000 after acquiring an additional 2,357 shares during the last quarter.
Shares of NASDAQ HAYN opened at $35.08 on Friday. Haynes International, Inc. has a 1-year low of $30.50 and a 1-year high of $45.14. The company has a current ratio of 5.89, a quick ratio of 1.47 and a debt-to-equity ratio of 0.03.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 14th. Stockholders of record on Thursday, August 30th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend is Wednesday, August 29th. Haynes International’s payout ratio is -112.82%.
Several equities research analysts have commented on the company. ValuEngine upgraded Haynes International from a “hold” rating to a “buy” rating in a research note on Friday, May 18th. BidaskClub lowered Haynes International from a “hold” rating to a “sell” rating in a research note on Saturday, June 23rd. Finally, Zacks Investment Research lowered Haynes International from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 10th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $44.00.
Haynes International Company Profile
Haynes International, Inc develops, manufactures, markets, and distributes nickel and cobalt-based alloys in sheet, coil, and plate forms in the United States, Europe, Asia, and internationally. The company offers high-temperature resistant alloys (HTA) and corrosion-resistant alloys (CRA). Its HTA products are used by manufacturers of equipment, including jet engines for the aerospace market; gas turbine engines for power generation and waste incineration; and industrial heating equipment.
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