Texas Permanent School Fund Boosts Position in Haynes International, Inc. (HAYN)
Texas Permanent School Fund boosted its holdings in Haynes International, Inc. (NASDAQ:HAYN) by 4.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,182 shares of the basic materials company’s stock after purchasing an additional 311 shares during the quarter. Texas Permanent School Fund owned about 0.07% of Haynes International worth $216,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Quantamental Technologies LLC purchased a new position in Haynes International during the 4th quarter worth $29,000. Oregon Public Employees Retirement Fund purchased a new position in Haynes International during the 4th quarter worth $126,000. GSA Capital Partners LLP purchased a new position in Haynes International during the 3rd quarter worth $235,000. NJ State Employees Deferred Compensation Plan boosted its holdings in Haynes International by 66.7% during the 4th quarter. NJ State Employees Deferred Compensation Plan now owns 10,000 shares of the basic materials company’s stock worth $264,000 after acquiring an additional 4,000 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Haynes International during the 3rd quarter worth $265,000. 99.22% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have issued reports on HAYN shares. ValuEngine raised shares of Haynes International from a “sell” rating to a “hold” rating in a report on Monday. Zacks Investment Research raised shares of Haynes International from a “strong sell” rating to a “hold” rating in a report on Thursday, January 24th. Finally, BidaskClub downgraded shares of Haynes International from a “buy” rating to a “hold” rating in a report on Thursday, February 14th.
Haynes International (NASDAQ:HAYN) last released its earnings results on Thursday, January 31st. The basic materials company reported ($0.13) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.13). The company had revenue of $107.07 million for the quarter, compared to analysts’ expectations of $104.63 million. Haynes International had a positive return on equity of 0.02% and a negative net margin of 0.18%. As a group, equities analysts forecast that Haynes International, Inc. will post 1.39 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend was Thursday, February 28th. Haynes International’s payout ratio is -1,257.14%.
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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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