Haynes International, Inc. (NASDAQ:HAYN) Director Dawne S. Hickton purchased 2,000 shares of the business’s stock in a transaction on Thursday, December 14th. The stock was purchased at an average price of $31.50 per share, with a total value of $63,000.00. Following the purchase, the director now owns 5,300 shares of the company’s stock, valued at $166,950. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Shares of Haynes International, Inc. (NASDAQ HAYN) traded up $0.54 on Thursday, hitting $33.43. 63,000 shares of the stock traded hands, compared to its average volume of 80,736. Haynes International, Inc. has a 52 week low of $28.97 and a 52 week high of $46.16. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.02 and a current ratio of 6.49.

Haynes International (NASDAQ:HAYN) last issued its quarterly earnings data on Thursday, November 16th. The basic materials company reported ($0.30) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by ($0.06). The company had revenue of $100.80 million during the quarter, compared to the consensus estimate of $100.19 million. Haynes International had a negative net margin of 2.58% and a negative return on equity of 3.05%. Haynes International’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.08 earnings per share. equities research analysts anticipate that Haynes International, Inc. will post 0.39 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.63%. The ex-dividend date was Thursday, November 30th. Haynes International’s payout ratio is presently -106.02%.

A number of analysts have commented on HAYN shares. ValuEngine cut shares of Haynes International from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded shares of Haynes International from a “strong sell” rating to a “hold” rating in a research note on Monday, October 30th. KeyCorp reiterated a “hold” rating on shares of Haynes International in a research note on Thursday, November 16th. Finally, BidaskClub upgraded shares of Haynes International from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 14th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Haynes International currently has a consensus rating of “Hold” and an average price target of $36.50.

Several institutional investors and hedge funds have recently modified their holdings of the company. Texas Permanent School Fund raised its position in shares of Haynes International by 0.8% in the second quarter. Texas Permanent School Fund now owns 9,132 shares of the basic materials company’s stock valued at $332,000 after purchasing an additional 74 shares during the period. Municipal Employees Retirement System of Michigan raised its position in shares of Haynes International by 4.6% in the second quarter. Municipal Employees Retirement System of Michigan now owns 2,950 shares of the basic materials company’s stock valued at $107,000 after purchasing an additional 130 shares during the period. TIAA CREF Investment Management LLC raised its position in shares of Haynes International by 0.9% in the second quarter. TIAA CREF Investment Management LLC now owns 33,941 shares of the basic materials company’s stock valued at $1,232,000 after purchasing an additional 297 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of Haynes International by 0.6% in the second quarter. Public Employees Retirement System of Ohio now owns 67,188 shares of the basic materials company’s stock valued at $2,440,000 after purchasing an additional 388 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in shares of Haynes International by 3.9% in the second quarter. The Manufacturers Life Insurance Company now owns 10,422 shares of the basic materials company’s stock valued at $378,000 after purchasing an additional 395 shares during the period. 98.56% of the stock is currently owned by institutional investors.

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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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